Hi friends,
I'm from India & this is my first post.
I recently uploaded my fund for trading through Entropay & it charged me 4.95% of fees to upload desired amount. I had Visa & Mastercard debit cards, but since there is an issue that using those is possible only on "VERIFIED BY VISA" enabled websites according to RBI notifications. So I had to use entropay as an only option that time.
Entropay "receiving money from any third party" is also charged by 1.95% & withdrawal fees are also high ($6 for returning to the same debit card used to upload money.) You can calculate 1.95% for $5000 is $97.5.
These charges are having no limits like "Maximum $5 or $10" or so on...
I have also used paypal & moneybookers. I just wanted to know if there is any way to minimize such expenses so that our entire profit we manage to earn through these tradings can be pocketed.
Or just answer
1)which one of the service you prefer or feel cost effective.
2)which service enables us to use "Virtual VISA or Mastercard" and ATM card to spend directly in Indian territory. (Actually ATM cards are not issued according to RBI restrictions; but still if there is any left out option that doesn't care what RBI says)
I'm from India & this is my first post.
I recently uploaded my fund for trading through Entropay & it charged me 4.95% of fees to upload desired amount. I had Visa & Mastercard debit cards, but since there is an issue that using those is possible only on "VERIFIED BY VISA" enabled websites according to RBI notifications. So I had to use entropay as an only option that time.
Entropay "receiving money from any third party" is also charged by 1.95% & withdrawal fees are also high ($6 for returning to the same debit card used to upload money.) You can calculate 1.95% for $5000 is $97.5.
These charges are having no limits like "Maximum $5 or $10" or so on...
I have also used paypal & moneybookers. I just wanted to know if there is any way to minimize such expenses so that our entire profit we manage to earn through these tradings can be pocketed.
Or just answer
1)which one of the service you prefer or feel cost effective.
2)which service enables us to use "Virtual VISA or Mastercard" and ATM card to spend directly in Indian territory. (Actually ATM cards are not issued according to RBI restrictions; but still if there is any left out option that doesn't care what RBI says)