How online platforms work
Professional business consultant
Payments for services are generally exempted from the obligation to register.
Statements that serve statistical purposes and are not forwarded to tax offices must be made.
If the destination account for the transfer is outside the European Economic Area it is worth.
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How banks calculate their fees
For example, Berliner Volksbank charges a resolution fee of ten euros for foreign transfers up to 2,500 euros and 1.5 percent of the amount for larger sums. In addition, there will be a brokerage fee of at least five euros for the currency conversion as well as any expenses.
The DKB bills private customers for online banking 12.50 euros for transfers up to 12.500 euros in foreign currency outside the SEPA area and from 12.500 euros one percent of the amount; however, this fee is limited to 150 euros.
For foreign currencies, have courses and fees in mind
THE BUSINESS MODEL
Is based on the use of modern Internet technology and the principle that enough people participate. Then there are sufficient transfer orders in the country of the sender and the recipient, which can be offset against each other.