John Gilmore <gnu@toad.com> writes:
* You pay 4% -- in the BEST deal -- on every transaction. The high-initial-fee merchant account still charges you 2% on the way in, and 2% on the way out. You don't even have to spend any of it, you pay for just moving money among your accounts. If both payer and payee are using one of the low-initial-fee accounts, the total loss could be as much as 10%.
As far as I can tell there is no charge for moving funds between your ecash wallet and the "mint" at the bank. The charges are for moving between the "mint" and the world access account. If you had a shop which was able to pay much of its expenditures in ecash it sounds like there would be no percentage fee to the bank. Hal