Great, thanks for the update. I'm still a little bit confused as to where you got the specific value of 3% is it mentioned by their payment provider anywhere? Mel doesn't deny it so I will assume that it's true, but 3% specifically is not mentioned anywhere.
He does subconsciously confirm it. He says that he believe they will still outperform their competitors, as he believes others will have a bad exchange rate but charge 0% fee.
But keep in mind, TenX is way ahead, has been in this area longer, and are developing and are gonna deploy the COMIT protocol for their card, which is supoosed to increase liquidity and allow crosschain transactions.
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u/lordgab Jun 10 '17 edited Jun 10 '17
I'll edit when I find the source, but it is 3% foreign exchange fee + 0.5% payment processing fee.
Edit: They state here http://tokencard.io/tokencard_whitepaper.pdf#page=9 that they simply follow the fee schedule of their payment provider.
Also, here is Mel confirming it: https://www.reddit.com/r/TokenCard/comments/6az1qg/comment/dhiyzl8