The monitor BestChange and commissions of the payment systems

BestChange
1 min readJun 21, 2022

Besides commissions set directly by the exchanger, there are commissions of the payment systems which also need to be taken into account. When exchanging large amounts, these can be significant. The same is true if the exchanger sends money from third-party payment systems (these exchangers are marked in our lists by a special mark with arrows) — then then the exchange rate may be set higher to cover costs.

On BestChange, when evaluating rates for all payment directions, the following types of costs are taken into account:

📝Costs for sending the funds by the exchanger which are levied on the amount the user receives.

📝Costs for sending the funds by the clients. If the payment is made within one payment system, them commissions charged by this payment systems are not taken into account.

The exchangers themselves transmit the listed information to us on a regular basis (after any change). Thus, at the output, you get the most accurate and up-to-date information that will help you figure out exactly how much you need to spend on currency exchange.

--

--