> But cross border payments are expensive to facilitate
Although that sounds logical, there are multiple services that offer 0% fx conversion. Wise, Monzo, Niyo etc. These travel cards are what I carry around in a different country.
Although that sounds logical, there are multiple services that offer 0% fx conversion. Wise, Monzo, Niyo etc. These travel cards are what I carry around in a different country.
Adding funds via credit/debit card incurs an hefty merchant commission.
And hence, no forex company can't sustainably provide 0 FX rates for too long unless they're only taking funds via bank transfer.