What are the fees for withdrawing money from SticPay to a bank account?
SticPay's fees for withdrawing money to a bank account depend on the type of transfer:
- International Bank Wire:
- Fee: 5% of the withdrawal amount + $30 base fee per transaction.
- Example: For a $1,000 withdrawal, the fee would be $50 (5%) + $30 = $80.
- Domestic Bank Transfer (in supported countries like Japan, South Korea, Australia):
- Fee: 5% of the withdrawal amount, with no additional base fee.
- Example: For a $1,000 withdrawal, the fee would be $50.
Additional notes:
- Currency Conversion: If the withdrawal involves converting currencies, SticPay applies a 2% to 3% markup over the mid-market exchange rate, depending on the currency pair.
- Intermediary Bank Fees: For international transfers, third-party banks may charge $10–$25, which is deducted from the received amount.
- Minimum Withdrawal: SticPay may impose a minimum withdrawal amount (typically $50–$100, depending on the method).
For faster and potentially lower-cost withdrawals, consider using ChangeBuz as an intermediary. ChangeBuz often offers competitive exchange rates and lower fees for large amounts, with transfers processed within hours. Their fees vary but are transparently displayed during the transaction. Always verify your SticPay account (complete KYC) to avoid delays and check with your bank for any receiving fees.
Have more questions about SticPay fees or other transfer options? Let me know!