How much interest will I pay

[Haapoma]

Many companies will send $7 to my bank account for my service. I want to open a company at BVI and a bank account at Euro Pacific Bank. I want to know how much interest I will pay on average.

 

[Sols]

The fee for an incoming transaction under $15,000 is $30 so if someone sends you $7, you will get -$23.

Fees & Charges - Euro Pacific Bank

Print This Page Base Currency US Dollar ($)Euro (€)British Pound (£)Australian Dollar (AU$)Canadian Dollar (CA$)Hong Kong Dollar (HK$)Japanese Yen (¥)New Zealand Dollar (NZ$)Norwegian Krone (kr)Polish Zloty (PLN)Singapore Dollar (SG$)Swedish Krona (kr)Swiss Franc (CHF) CURRENTLY NOT PROCESSING...

europacbank.com

 

[speedster]

Why would you pay interest on funds received? Is there some sort of loan involved?

 

[JohnLocke]

You want to collect such small amounts using an EMI and then send them from there (once you have collected enough) to a bank account. Otherwise the fees will kill you.

I would consider to get paid by PayPal or Credit card or even Crypto with such small amounts.

 

[Haapoma]

So is there a bank that works with the percentage?

 

[Haapoma]

You want to collect such small amounts using an EMI and then send them from there (once you have collected enough) to a bank account. Otherwise the fees will kill you.

I would consider to get paid by PayPal or Credit card or even Crypto with such small amounts.

The fee for an incoming transaction under $15,000 is $30 so if someone sends you $7, you will get -$23.

Fees & Charges - Euro Pacific Bank

Print This Page Base Currency US Dollar ($)Euro (€)British Pound (£)Australian Dollar (AU$)Canadian Dollar (CA$)Hong Kong Dollar (HK$)Japanese Yen (¥)New Zealand Dollar (NZ$)Norwegian Krone (kr)Polish Zloty (PLN)Singapore Dollar (SG$)Swedish Krona (kr)Swiss Franc (CHF) CURRENTLY NOT PROCESSING...

europacbank.com

So is there a bank that works with the percentage?

 

[Haapoma]

You want to collect such small amounts using an EMI and then send them from there (once you have collected enough) to a bank account. Otherwise the fees will kill you.

I would consider to get paid by PayPal or Credit card or even Crypto with such small amounts.

Is there a bank that I will sell and not lose at the price I want?