Below is the follow-up e-mail from InstaDebit security.
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The INSTADEBIT exchange rate is determined each day by INSTADEBIT and is based on a number of factors, such as currency volatility, transaction clearing times, and spot currency rate. The INSTADEBIT rate may differ from the "spot rate" offered by your bank and includes a conversion fee.
Please feel free to e-mail us at
security@instadebit.com with any further questions.
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"Currency volatility"? Are they docking me because the CAD may surpass the USD in the future??
"Transaction clearing times"?
The payment was credited to my bank account the next day. It's not like InstaDebit has to pay someone to watch the status of my withdrawal.
What the hell is this "conversion fee"? I've withdrawn before and there definitely wasn't a "conversion fee."
I love how it says on InstaDebit's home page:
[ QUOTE ]
There are
no transaction fees ever charged to you.
[/ QUOTE ]