![]() If you choose to make a payment via a bank wire, local and international banks may charge their associated service fees, which are not normally covered by e-wallet service provider costs. Other deposit-related fees users need to be aware of include bank wire service fees and conversion fees. Larger e-wallet providers usually offer the same rate for all methods, while smaller e-wallets such as STICPAY offer a variable rate, for example, 1% for bank wire and crypto desposits, 3.85% for Visa and Mastercard deposits, and 1.5% for UnionPay. The service fees charged by e-wallets for deposit transactions depend on the deposit method chosen. However, there are still e-wallets with limited currency accounts, for example, UPa圜ard is only available in Israeli Shekels, Euros and US Dollars.įurthermore, each e-wallet offers its own range of deposit methods, normally including: For example, Skrill and Neteller have 38 and 36 local currencies respectively, while STICPAY offers 25 and EcoPayz offers 53. Users can open e-wallet accounts in local currencies. ![]() When a user converts money, their local currency is calculated against the base currency. Each e-wallet has its own base currency, which acts as the default currency for the account. Once your account has been authorised, it’s time to deposit money into it for future transactions. There are usually no e-wallet fees charged for during this initial account authorisation step, as most e-wallet services let users set up accounts for free.
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