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Many don't realize they're paying for the marked-up exchange rate on top of the flat fee.
Easier to mark up.
Multiple intermediaries then mark up the charges.
"In the face of exchange-rate uncertainties, many store owners have marked up their peso prices around 20percentt during the past 72 hours," the main store owners' group acknowledged in a statement.
The original target for the company's consumer and business money transfer app was incumbent banks who typically charge high fees for international money transfers and aren't always transparent about the way they mark up the underlying exchange rate.
The fintech company also recently launched a free international money transfer service, with what it says is a a zero transaction fee and with no mark-up on exchange rates, allowing customers to transfer money globally at no cost.
"We do not mark up," he said.
You can mark up documents.
Most jewelry stores mark up jewelry 50%-70 50%-70
But it also marked another exchange of tough talk between two militaries.
It marked the latest exchange over US legislation relating to the case of corruption lawyer Sergei Magnitsky.
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