Posted by twinsun: Hi Guys. I cashed out 50$ to Neteller and I know that it costs 1.9% fee, but I do not get 49.05$ which I expected, but only 47.79$. Has anyone an explanation for that???
------------- Did you have to pay an exchange rate fee? Which I believe is around 2.5%. Don't quote me on that, 2.5 is just a number that came to mind when I read this and think I saw it before. I came across this just recently while trying do make a withdraw and didn't factor in the exchange rate.
Joined: Aug '08
Age: 44 (M)
I don't think that there are other fees. I saw only the one which BRM take. And the currency of my neteller account is US$. So I have no answer about that. But I put the question into FAQ, maybe the admin has an answer. Thanks for yours...
Here: $50 x .019 (1.9%) = $0.95 $50 x .025 (2.5%) = $1.25 (Exchange Fee) Total Fee = $2.20
Now subtract $2.20 from $50 $50 - $2.20 = $47.80
Maybe the 2.5% is something other than exchange, I could be wrong. Contact neteller, they can explain it to you. That's what I did when doing some stuff with them to get the correct %%%%'s to figure out making withdraws/deposits.