Perfect Money Fees and Taxes
Every player yearns for an affordable payment method. But the payment platforms are also in business, hence they need profit. So being absolutely free makes no sense.
However, the best payment methods charge reasonably. They also process transactions instantly. One such payment method is Perfect Money.
As the name suggests, Perfect Money is perfect. The payment method rates are crazy low. Besides, some transactions are processed at no extra charges.
From time to time, you will need to fund your Perfect Money account. To our surprise, we learned that Perfect Money charges no fees. Regardless of the amount, your transactions will be processed at no cost.
Someone might think that the free transactions will take ages to process. But that is not the case. Perfect Money processes the transactions quickly and credits your account instantly.
However, some banks impose charges. Note that all charges involved in your bank wires benefit the bank. Choose your bank wisely and beware of the costs before making transactions.
In addition to specific bank charges, there are other obvious costs. Certified Exchange Service providers have charges. However, the rate varies from one provider to another.
Both primary and secondary providers impose charges. But luckily, the rates are pretty low and affordable.
Moreover, Perfect Money charges you on withdrawals to banks. The rate here is flat, regardless of your bank. It is set at $50 plus 3% of the total amount.
However, the additional 3% should not exceed $1000. The charge is deducted from the holder’s account balance.
Again, you will be charged 0.5% to transfer to another Perfect Money account. However, this rate is not flat. It applies only to verified and premium accounts.
Unverified accounts attract a higher percentage. The commission for this lot is 1.99%. It’s deducted from your account balance.
The interest rate of any financial body is everyone’s focus. Perfect Money offers its users interest at a constant rate of 0.33%. Interestingly, this rate is calculated monthly.
Deposits to casinos are processed at no cost. This is the reason why most gamblers prefer Perfect Money. But some casino rules demand them to charge transactions.
To avoid these unnecessary costs, research your casino first. If it charges additional deposit costs, you may reconsider your options.