This discussion revolves around the use of CosmoPayment by European users, specifically focusing on the fees associated with withdrawing money through ATMs and the overall efficiency of the service for transactions in Euro currency. The key points highlighted in the conversation include:
- Initial query about the exact fees charged by CosmoPayment for ATM withdrawals in Europe, seeking personal experiences and specifics for Euro currency transactions.
- Response detailing the fees as per CosmoPayment's website, including a base fee of $3.15 per withdrawal, additional charges from the ATM's bank (e.g., Deutsche Bank's 2.5% of the withdrawal sum or a minimum of 5.75 €), and potential currency conversion fees, leading to a total example cost of 1027.76€ for withdrawing 1000€.
- Clarification sought on the implications of foreign transaction fees up to 3.5% over network charges and a speculated $600 limit per transaction.
- Further discussion on the variability of these fees and the suggestion to conduct a test withdrawal to better understand the total charges involved. Additionally, advice is given to prefer card payments over cash withdrawals to minimize fees.
The conversation provides insights into managing financial transactions through CosmoPayment for European users, emphasizing the need for awareness about varying fees and the benefits of using the card directly to avoid extra charges.