Commission 1-3%: How Payment Providers Deceive Users
We often see online advertisements for payment services that promise three, two, or even one percent commission. Similar offers look very appealing to users who may not suspect they have become victims of clever marketers. At Betatransfer Kassa, we’ve decided to debunk all the myths surrounding unbelievably low commissions.
Hidden Commissions of Payment Services
The payment fee is the percentage for processing the user’s deposits and withdrawals. Payment providers attempting to deceive their clients typically only disclose the fee for receiving funds, the same 1-3% they often boast about. However, there is also a withdrawal fee, which is usually much higher. When combined, the percentage becomes quite significant, so payment services prefer not to publicize it.
But even if we assume, for example, that 3% is the complete service commission, there is also a difference in exchange rates. Most users deposit and withdraw funds in USDT. If the payment provider uses a commercial exchange rate, users may lose up to 10% of their funds when conducting transactions.
How to Identify a Fair Payment Service
To avoid falling for the tricks of marketers promising unrealistically low commissions but deceiving customers in reality, it is important to remember a few rules. A trustworthy payment service always indicates:
✔ total commission percentage;
✔ commercial exchange rate;
✔ currency reserve;
✔ transaction processing time.
Betatransfer Kassa appreciates every customer. Therefore, our policy of calculating the percentage of commissions is as transparent as possible. We offer the most favourable exchange rate for various types of electronic currencies, convenient services for making transactions, and round-the-clock user support.
Our services are easy to use, and cooperation with us is free of paperwork. In addition, our company Betatransfer Kassa is always ready to provide a high level of security for transactions and data through the use of encryption technologies.
Have questions? We’ll be happy to answer them through any convenient means!