Posted by: Monit Vyas August 11, 2016
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Thanks kalidasbhaisaab !! To Answer your question, I think ExchangeRateIQ.com have build specific integrations/APIs with most of the service providers and that's how in certain cases they might finally end up getting negotiated rates and promos or discounts specific to Exchange Rate IQ users.
Hi NE_Patriots - I think I would agree that Prabhu gives a better exchange Rate but since they charge $5 fees the realized rate comes down. Same is the case with Xoom. If you compare remit rates on Exchange Rate IQ, you will see that for sending $1000 to Nepal by Xoom, you get NPR 470 less after paying $4.99 more. Check on this link --> http://exchangerateiq.com/.../sendMoney.../1000-USD-to-NPR
As for security, I think all the companies on ExchangeRate IQ are verified & established service providers.
Important thing is I don't want to loose money just because my money is moving from USA to Nepal. I have already paid Tax and I dont want a single Penny to goto banks or big money transfer services.
Anyways.. great discussion.. Happy savings
Hi NE_Patriots - I think I would agree that Prabhu gives a better exchange Rate but since they charge $5 fees the realized rate comes down. Same is the case with Xoom. If you compare remit rates on Exchange Rate IQ, you will see that for sending $1000 to Nepal by Xoom, you get NPR 470 less after paying $4.99 more. Check on this link --> http://exchangerateiq.com/.../sendMoney.../1000-USD-to-NPR
As for security, I think all the companies on ExchangeRate IQ are verified & established service providers.
Important thing is I don't want to loose money just because my money is moving from USA to Nepal. I have already paid Tax and I dont want a single Penny to goto banks or big money transfer services.
Anyways.. great discussion.. Happy savings