April 11, 2024 02:15 AM - edited April 11, 2024 02:16 AM
The fee 2%+1 to withdrawing from deel to digital currency is crazy & too much. Is any way this can be a bit lower?
April 12, 2024 09:01 AM
Hi @Kelele,
Thanks so much for joining the Deel community and for sharing your perspective on the fees. Through Digital Currency Transfer via BVNK, contractors have the flexibility to use any non-sanctioned USDC or USDT wallet across various networks, including Ethereum (ERC20), TRON or Polygon, which enables you to withdraw to different providers. The fee for this is a 2% charge with a flat $1 network fee, whereas Coinbase holds a 1.5% to 1.6% with a $5 flat fee, so they have relatively similar costs since one offers a lower flat fee and the other is a percentage fee. With Deel's Digital Currency Transfer method, we are able to bring you options that offer the highest quality, speed, and security.
I hope this helped add more detail to your question, but your feedback has also been passed along to our internal teams as well.
Thanks so much,
-Cassy
April 12, 2024 09:50 AM
@CassyL I am saying that is too much, it is just money transfer not a cargo shipping. This does not have to be a "got you" moment, we are goining to use this feature like every month, we do not i have to pay them like $50 every month for just money transfer.