Topic: Banks are Pigs - page 2. (Read 3322 times)
This is why you should use namecheap. You could pay with bitcoin.
I'm about to pay an invoice for a domain. It cost $10/ year but the bank take $7.5 in transfer fee.
75% in fee
That is ridiculous and this is why Bitcoin will succeed in the long run.
75% in fee
That is ridiculous and this is why Bitcoin will succeed in the long run.And that is why it is better to use BTC than the services of banks, as the banks will surely kill you in terms of the charges in their services.
Hello dear,
With BTC there are no fee and if any there are not 75%
Seriously now??
The terms are not for everyone.
Seems like you're straying far from the basics of Bitcoin. Every transaction with bitcoin has a fee of 0.0001 BTC, though it is not forced to be paid. But doing so will result to a low-priority transaction which could take days (or even weeks in some cases) to be confirmed.
Bank managers literally spend their time trying to figure out new fees or ways to maximize the fees.
Hello dear,
This is true,but also have freaky FAQ
Like,day never get your money back,what ever you do.
Bank managers literally spend their time trying to figure out new fees or ways to maximize the fees.
I'm about to pay an invoice for a domain. It cost $10/ year but the bank take $7.5 in transfer fee.
75% in fee That is ridiculous and this is why Bitcoin will succeed in the long run.
75% in fee
That is ridiculous and this is why Bitcoin will succeed in the long run.And that is why it is better to use BTC than the services of banks, as the banks will surely kill you in terms of the charges in their services.
Hello dear,
With BTC there are no fee and if any there are not 75%
Seriously now??
The terms are not for everyone.
That's how it works my friend. Banks are always going to be the winner. Legal thief
Not always, Bitcoin will pave the way for things to start changing, and then if you get fucked by a bank is your fault, because you had Bitcoin as the alternative.But sadly, bitcoin is not yet that widely adopted. Though you can always choose bitcoin as a form of transferring money, there is no guarantee that the one who'll receive the money is already using bitcoin.
I'm about to pay an invoice for a domain. It cost $10/ year but the bank take $7.5 in transfer fee.
75% in fee That is ridiculous and this is why Bitcoin will succeed in the long run.
75% in fee
That is ridiculous and this is why Bitcoin will succeed in the long run.And that is why it is better to use BTC than the services of banks, as the banks will surely kill you in terms of the charges in their services.
I'm about to pay an invoice for a domain. It cost $10/ year but the bank take $7.5 in transfer fee.
75% in fee That is ridiculous and this is why Bitcoin will succeed in the long run.
75% in fee
That is ridiculous and this is why Bitcoin will succeed in the long run.Is it a 75% fee or $7.50 flat fee?
I've already done hundreds of bank transfers for free within the Euro zone. I believe I can make € to £ transfers for free too, I only pay for the currency change.
Hello dear,
Everything is possible when you say ONLINE.
75% is because does not bought from the right place
The point is simple,they earn more money from fees than from what you actually need.
I'm about to pay an invoice for a domain. It cost $10/ year but the bank take $7.5 in transfer fee.
75% in fee That is ridiculous and this is why Bitcoin will succeed in the long run.
Are you doing a bank transfer? Is it international? That seems like a really high fee. Espically when you can do it with a debt card for free. 75% in fee
That is ridiculous and this is why Bitcoin will succeed in the long run.I'm about to pay an invoice for a domain. It cost $10/ year but the bank take $7.5 in transfer fee.
75% in fee That is ridiculous and this is why Bitcoin will succeed in the long run.
75% in fee
That is ridiculous and this is why Bitcoin will succeed in the long run.Hello dear,
Do not complain for this!what do you say about this?
I make a deposit VIA PZ about 3 year ago and I buy something
Total payment of 310$ for a script full of BUG's
When I told to my bank that I what my money back they told me that the transaction has been completed and they can not take money back from PZ.
A year ago I saw -0 intro my BANK account because someone used the card,my PP was hacked,
Everything I have learned so far if full of loss,you learned you loss
I also learned that every end has a beginning
So pay the 75% in fee and you and make sure you do not pay a second time
Use Blur to pipe your BTC through the Mastercard network. Everyone accepts Mastercard
https://www.abine.com
https://www.abine.com
I'm about to pay an invoice for a domain. It cost $10/ year but the bank take $7.5 in transfer fee.
75% in fee That is ridiculous and this is why Bitcoin will succeed in the long run.
75% in fee
That is ridiculous and this is why Bitcoin will succeed in the long run.I'd like to call myself a Bitcoin advocate, however, to the banks defense, there has to be a reason for this ridiculous fee. You didn't include much information in the OP, but a 75% is almost unheard of. Most banks don't operate under this type of high fee unless a transaction involves a lot of loops and turns. Perhaps this may have been an international transaction involving a type of currency conversion or something. Needless to say, banks are notorious for making money off people.
+1
banks have to use the government & NSA controlled fascist system named SWIFT
without government, I am sure banks would be glad to support, buy and sell bitcoins because making transfers is not earning them profit (investment banking and mortgage are).
banks are scared of legal hassle connected with Bitcoin
OK, I admit I'm confused.
I'm a New Zealander and I have domains on Go Daddy which is a US-based company. Go Daddy uses US dollars and we use New Zealand dollars so the currency is converted to and from US dollars to NZ dollars every time I buy or renew a domain there. Yet, I don't think I've ever been charged a fee (except the ICANN fee that's part of every domain purchase/renewal of course). Heck, the last four domains I bought were all .com's and each one cost me less than $2 because I used coupons. I used a debit card which is like a credit card but linked directly to my bank account. There was also a PayPal option too. Why would there be a 75% fee when paying for a domain renewal?
I'm a New Zealander and I have domains on Go Daddy which is a US-based company. Go Daddy uses US dollars and we use New Zealand dollars so the currency is converted to and from US dollars to NZ dollars every time I buy or renew a domain there. Yet, I don't think I've ever been charged a fee (except the ICANN fee that's part of every domain purchase/renewal of course). Heck, the last four domains I bought were all .com's and each one cost me less than $2 because I used coupons. I used a debit card which is like a credit card but linked directly to my bank account. There was also a PayPal option too. Why would there be a 75% fee when paying for a domain renewal?
Ok I'm trying to comprehend. Is there by any chance you are directly sourcing your fund from credit card linked to your paypal account? If it is then I can understand the high amount of fees charged. Not sure how it works in NZ but there should be a way to load funds directly to your paypal account and then when you make purchases, those funds will come from your paypal account instead of credit card.
It's not about the work involved. It's about the product produced, or the service rendered.
The fee is all about the work involved. It takes the same amount of work for the bank to transfer $10, $1000 or $100,000. They charge you the same flat fee whether you are buying a domain, a phone or an expensive car. The fee is of a high percentage because your transfer amount is small, not because the fee is outrageous.
You chose the wrong method of payment.
My point is that nowadays $7.50 is too much for a simple transaction.
Maybe 10 years ago it was more involved to execute a transaction. But currently it's a simple task that is only complicated by legacy processes.
It's not about the work involved. It's about the product produced, or the service rendered.
The fee is all about the work involved. It takes the same amount of work for the bank to transfer $10, $1000 or $100,000. They charge you the same flat fee whether you are buying a domain, a phone or an expensive car. The fee is of a high percentage because your transfer amount is small, not because the fee is outrageous.
You chose the wrong method of payment.
I'm about to pay an invoice for a domain. It cost $10/ year but the bank take $7.5 in transfer fee.
75% in fee That is ridiculous and this is why Bitcoin will succeed in the long run.
75% in fee
That is ridiculous and this is why Bitcoin will succeed in the long run.To be frank, $7.5 is not outrageous compared to the work involved. I believe they charge a flat fee for transfer of any size? I know banks are pigs. I am siding with the banks this time.
If you need to buy a domain, use a credit card. There is no fee involved, only a not so favourable exchange rate.
It's not about the work involved. It's about the product produced, or the service rendered. I can write your name on a piece of paper as a service. I'd charge you a dime. That would cover the cost and still leave profit. Or I could first submit your name to some name rating organization, obtain a (very special) piece of paper from an authorized paper dealer, submit your service request to a few government agencies, cross verify with main industries to verify I can legally write the name and charge you about $600 for it. Just because they've created some elaborate and inefficient way of doing things doesn't make it a fair price.
There are restrictive laws/rules on entering this market so there's no real risk of any start-up with more efficient processes to stir up the market. It's messed up.
I dont have any problems with Banks 
Crazy fee indeed.
Are you using a wire transfer? That method of transaction is very expensive. You should consider payment via debit card, credit card, paypal, or venmo....that is if you're not using bitcoin.
Banks aren't the greatest but they aren't pigs. They're running a business, which by definition means they have to earn revenue (and a profit over their expenses).
Are you using a wire transfer? That method of transaction is very expensive. You should consider payment via debit card, credit card, paypal, or venmo....that is if you're not using bitcoin.
Banks aren't the greatest but they aren't pigs. They're running a business, which by definition means they have to earn revenue (and a profit over their expenses).
If Banks are pigs, then they should put all the pigs inside bags carried with explosives and launch them all over ISISland.
That's how it works my friend. Banks are always going to be the winner. Legal thief
Not always, Bitcoin will pave the way for things to start changing, and then if you get fucked by a bank is your fault, because you had Bitcoin as the alternative. Jump to: