Paxum withdraws cut

[patolas]

Hey everyone. The other day i did a local bank transfer, on paxum. Why do i get a Paxum info saying a maximum amount that im allowed to withdraw; when im doing a local bank transfer, from dollars to eur. Because im losing a big amount, like a 40 dollar cut!! When i reached Paxum support, they say they only charge a 2,50$ fee, my bank also says that on their side is not much...so i am losing a lot? lets say 260 dollars, i can only withdraw 210?? (apologize my english) who is keepin the rest ? its like the 2nd or 3rd month this happens....

 

[Sunshineseeker]

What exchange rate are paxum quoting to you for USD to EUR? and are you withdrawing directly into local bank or onto your banks debit card?

 

[NotYou]

I have used Paxum a lot of times and I withdraw from USD to GBP (or EUR) and both times it only charges $2.50 if I withdraw to my bank.
I get an extra charge of a few £ / $ when I withdraw from USD to EUR, my bank charges that conversion fee.

Not sure why you are being charged so much

 

[patolas]

thank u so much for your help...its the exchange rate, dollar being stronger than euro...still was quite a lot almost 30 doll cut

 

[Sunshineseeker]

Does your bank have a $$ account? It might be cheaper for you to withdraw and then do the exchange once it's reached your bank.

 

[patolas]

Does your bank have a $$ account? It might be cheaper for you to withdraw and then do the exchange once it's reached your bank.

good idea! didnt think of that..im gonna check that possibility

 

[Moonyback]

Hey Patolas , yeah I realised that too ,every single time the exchange rate is soooo not convenient for us Europeans...I also thought I could transfer dollars on my account and then exchange them here in Europe,but then Paxum automatically converts it into euros, at a 0,85 euro for 1 dollar, while here in Europe 1 dollar is worth at least 0.90 euros!let us know if you solve anything

 

[patolas]

Hey Patolas , yeah I realised that too ,every single time the exchange rate is soooo not convenient for us Europeans...I also thought I could transfer dollars on my account and then exchange them here in Europe,but then Paxum automatically converts it into euros, at a 0,85 euro for 1 dollar, while here in Europe 1 dollar is worth at least 0.90 euros!let us know if you solve anything

exactly, u said so right, its so not convenient for us europeans..damn euro! i doubt my bank can help me out but if i find any better solution i'll let u know ofc