Faisal KhanAnswered Aug 1, 2013Like any other business that deals with FX, they make their money on FX as well as float.
Their prime business is to do cross-currency transactions and find mid-market rates. The US to US is just the end part of the transaction and is presumably done via ACH (so the actual transaction is costing them perhaps 50 cents at best).
Their prime business is to do cross-currency transactions and find mid-market rates. The US to US is just the end part of the transaction and is presumably done via ACH (so the actual transaction is costing them perhaps 50 cents at best).