Tran Fee of 2.65% is only for credit card transactions, which 3% in Muncha Method of Payment Internet Checks Amount (X) Fee (Y) Tran Fee (A) Total(T) Exch Rate (P) you get (M) Actual Exch Rate X Y z% of X T=X+Y+A P M=P*X R=M/T Muncha 3000 9.99 0 3009.99 64.3 192900 64.08659165 umtcl 3000 22 0 3022 64.9 194700 64.42753144 Muncha 1000 12.99 0 1012.99 64.3 64300 63.47545385 umtcl 1000 12 0 1012 64.9 64900 64.13043478 Method of Payment Credit Cards Amount (X) Fee (Y) Tran Fee (A) Total(T) Exch Rate (P) you get (M) Actual Exch Rate X Y z% of X T=X+Y+A P M=P*X R=M/T Muncha 3000 9.99 3% 3010.02 64.3 192900 64.08595292 umtcl 3000 22 2.65% 3022.0265 64.9 194700 64.42696647 Muncha 1000 12.99 3% 1013.02 64.3 64300 63.47357407 umtcl 1000 12 2.65% 1012.0265 64.9 64900 64.12875552 Even if others charge only 9.99 for $3000 transfer, UMTCL's actual exchange rate is still higher.