Re: Need merchant account for my website
That would then turn out to be fairly expensive.
1. You pay the service charge on each charge out.
2. They charge you a fee to wire it to your account in Pakistan. (minimum wire charges in most cases are $30+.
3. They convert it into rupees at their end, using their own bank rate, which will be far less than the market rate in Pakistan.
So for a $500 charge, you could easily lose out $50 or more. Am i right in this?