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Understanding Cross-Border Transactions: Cardify Africa’s Policy for International Transactions
Understanding Cross-Border Transactions: Cardify Africa’s Policy for International Transactions
Abisola Aderemi avatar
Written by Abisola Aderemi
Updated over 2 months ago

In today’s interconnected world, cross-border transactions have become commonplace. Whether you're shopping online from international retailers or managing business expenses across borders, it's important to understand the costs associated with these transactions. At Cardify Africa, we aim to provide seamless and transparent financial services, ensuring our users have a clear understanding of our cross-border transaction fees.

What is the Cross-Border Transaction Fee?

When you make a cross-border transaction using Cardify Africa outside the United States, a fee of 2.5% of the transaction value is applied. This fee is based on the total transaction amount and is designed to make sure you’re always aware of the costs associated with international spending.

Our transparent fee structure helps you manage your finances effectively, with no hidden surprises. By outlining these charges upfront, we ensure that you can plan your cross-border payments with confidence, knowing exactly what you’ll be paying.

Why is There a Cross-Border Transaction Fee?

Cross-border transactions involve more complex processing and currency conversion compared to domestic transactions. Each transaction may pass through multiple financial institutions and currency exchanges to ensure that funds are transferred securely and efficiently across borders. The 2.5% fee covers the costs associated with these additional steps, ensuring that your transactions are handled smoothly while maintaining Cardify Africa’s commitment to competitive and reliable service.

How Cardify Africa Supports Your Financial Needs

Cardify Africa offers more than just a digital wallet. Our platform is designed to meet various financial needs, allowing you to manage funds seamlessly across multiple wallets and currencies. From international payments to everyday spending, we provide the tools you need to stay in control of your finances.

By offering transparency in our fee structure, Cardify Africa empowers you to make informed decisions while navigating the complexities of cross-border transactions.

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