Well, the charges for money to be added to the card are 1.5% (£3 the minimum) and if you think about it, the cost of withdrawal is not paid by the TG, but by the person who actually owns the card i.e. you. Again this not high, typically a 20,000baht withdrawal incurs a cost of £2.00 - charged to the card.
Let's do some calculations...
You want to send 20,000baht to TG, so you load up £300 (300 x 68.5 = 20,550) onto a POTM card and it costs £4.50 commission. TG goes to ATM and takes out 20,000baht in one go to deposit into her back account. With an ATM withdrawal charge of £2.00 this means that sending 20,000baht has cost just £6.50 in charges.
Tell me else you can send money to your TG in LOS for such a small charge ??
Load up card with £300
Commission of 1.5% = £4.50
Total charge to you = £304.50
TG withdraws 20,000baht (@68.50) = £291.97
Withdrawal charge = £2.00
Balance left on card = £6.03 (£300 - £291.97 - £2.00)
I know that it is much more expensive than that by using a bank, typically £20 just for a UK bank to transfer the funds and then you've got their agents charges on top of that. Western Union charges around £27 for a similar amount, so there really is no comparison is there ??
__________________
Only a woman can break his spell. Pure in heart who will offer herself
Last edited by dizbuster : 12-11-2006 at 23:45.
Reason: Adding example
|