P2p currency exchange...does it work?

payless

Visa rates currently

$1.83
E 1.46 ( not live- believe daily )

Market prices live as I type
$1.8386
E 1.4637
True mid prices on ccy exchange

assuming no great changes since daily rate set - thats 0.5% and 0.25% off market mid rates

some card issuers then add a loading ( typically 2.75% ... but some don't! )

fokoob

Do you use the visa website to check those rates? market started at 1.82, rallied to 1.84 today....would be very strange to have a 1.83 rate for dollars...then i WOULD use visa

payless

http://corporate.visa.com/pd/consumer_services/consumer_ex_rates.jsp

sure mastercard have similiar

you then need to input your card issuer loadding ( Natwide is zero , others often 2.75%)

not sure what time the 1.83% was input...( maybe US market opening this afternoon UK time ... I have access to live market traded exchange rates on a different computer , but turned that off now.. but yes think it climbed a bit today ) so real spread might be more like 1% than the 0.5% quoted .. thats only an example anyway, would be based on time of the transction being converted

fokoob

Yes their rate is pretty good, if it is real , and if the charge is around zero for certain banks(i believe you on that)...So using the visa is a good alternative, but sometimes I HAVE to use cash. And then the nightmare begins....

payless

cash from ATMs at same rate for some cards

some searching on this site would lead to many threads and articles on his matter... surprsied that someone would post about this as their first post withou looking aound before.. are you connected to the site you posted?

fokoob

Oh well, I was interested in getting feedback about that website...as I have foreign currency in cash in the UK, that I need to convert into pounds. Surely the ATM is not gonna help....neither the visa. The ONLY solution is to gently go to the bank or bureau de change, there is no other way>

Browntoa

interesting that the other NEW poster used this, it's only been registered for 4 days !!

Domain name: MONEYTWINS.COM

Administrative Contact:
Sourkov, Vsevolod [EMAIL="vsourkov@tradewestpoint.com"]vsourkov@tradewestpoint.com[/EMAIL]
189 Sloane street
3 Bournehouse
London, UK SW1X 9QT
GB
+4402072351916
Technical Contact:
Sourkov, Vsevolod [EMAIL="vsourkov@tradewestpoint.com"]vsourkov@tradewestpoint.com[/EMAIL]
189 Sloane street
3 Bournehouse
London, UK SW1X 9QT
GB
+4402072351916


Registration Service Provider:
UK Reg, [EMAIL="domains@fasthosts.co.uk"]domains@fasthosts.co.uk[/EMAIL]
+44 1452 541252
+44 1452 538485 (fax)
http://www.ukreg.com/



Registrar of Record: TUCOWS, INC.
Record last updated on 15-Jul-2006.
Record expires on 15-Jul-2007.
Record created on 15-Jul-2006.

Browntoa

same address as

Gina Shoes
Flat 1 Bourne House 189 Sloane Street
London SW1X 9QT

Browntoa

http://www.tradewestpoint.com/

is the contact email..another dodgy looking site that looks the same as the first

fokoob

I know where i'll get my shoes next time:)