New Transfer Fee From Moneybookers to Bangladesh

Till present, as far I know, moneybookers is the best online payment processor for Bangladeshi people as paypal isn't supported. And I was quite happy with its service.I transferred my income on freelancer.com to moneybokers and then from there to my Bangladeshi bank account. The rate i was getting was also not much less, it was around 68.xx Tk/$ .

However, since last 1-2 months, i am facing problem. I did recieved money at very low rate like 64.xx Tk/$ to 65.xx Tk/$ while transferring money to my dbbl and hsbc account. I wondered with the rate and surprisingly noticed on my bank statement that payment was done using euro instead of usd. So, I made an general inquiry about this to moneybookers customer service department. After 1-2 days, i got reply and a shocking news like follows:

"
Dear Mr. Rana,

Thank you for contacting the Moneybookers Team.

We apologize for the inconveniences caused, however, please note that all of the payments to our customers in Bangladesh are now sent in EUR due to processing restrictions.

However, as your Moneybookers account is in USD and the payment is sent in EUR, you are subject to currency conversion. Please note that for transactions involving currency conversion Moneybookers adds 1.99% to our wholesale exchange rates for foreign currency. This charge serves as a protection against the volatility and risk associated with FX markets. The Moneybookers exchange rates are updated on a regular basis throughout the day. Please visit our 'Fees' section for more details.

Please note that this procedure is only imposed in order our customers to receive their payments without further obstacle
"

So, perhaps, you already understood that, you are going to get almost around 1.99% less than you did before.For this reason, i am now thinking alternative. I am thinking of using my freelancer.com mastercard(powered b payoneer) and see how much I am getting there from ATM. Another issue of Bangladeshi ATM is that, we can't withdraw no more than 20,000 BDT(in case of dbbl/standard chartered/hsbc) and thus I am having to pay $2.xx as transaction fee each time I withdraw a 20,000 BDT. But still, I think it worth as it offers fixed rate fee and not cutting percentage like moneybookers.