Re: Analyzing alternative deposit methods
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Why do you not list ePassporte? Seems like the most commonly accepted site...
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epassporte charges $5 for every $100 deposited
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From their website:[ QUOTE ]
Deposit/Load
Credit/Debit Card: US$5.00 per US$100.00 load or portion thereof
US Checking Account: US$5.00 per US$100.00 load or portion thereof for the initial load., then US$2.00 per reload regardless of amount reloaded.
Withdraw
ePassporte Visa Virtual Account Holders may transfer directly to a US Bank Account for a flat fee of US$2.00 per transfer. Non-US bank account holders can request a bank wire transfer for a fee of US$50.00. ePassporte Visa Virtual Account Holders who purchased a Visa Card can withdraw funds at millions Visa and/or PLUS ATM locations worldwide for just US$2.00 each transaction.
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That sure reads to me like it costs 5% for deposits via credit card. $5 for your intitial checking account deposit and $2 for every subsequent deposit transaction. Withdraws to a checking account seems to be $2 per transaction.
Now their definition of a transaction:
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Standard: $500 maximum transaction amount Max 10 transactions, Max 5 loads
Select status: $1000 maximum transaction amount, Max 10 transactions, Max 5 loads
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But here is the key:
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ePassporte Personal Account Holders may alternatively contact our Account Holder Services Department to increase their limits by providing additional personal information and documentation.
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You can increase your limits even further than $1000 per transaction. Even at a maximum of $1000/transaction, that equates to 0.2% which doesnt seem too bad to me.
I'm not sure how high they will let you go but if you can get it raised to say $10K. You are only paying 0.02% which is pennies...
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