Free, seriously !? What's your interest then?
Yes, it's free, we are serious!
As a European company, we charge all card payments in EUR but giving payouts in Sri Lanka in LKR. Due to the difference of the official and open market exchange rates it allows us to get not only profit but even bear all transactions costs which make service free of charge.
Can you guarantee that your service will always be free?
In case if the official bank rates of EUR became equals to the open market rates, we will have to start charging the fees from the clients. We guarantee, that in case of any changes we will inform you before doing that, so you will be able to make your own decision about our service.
Can you provide a real example, please?
Sure!
1. You want to collect advance payment for the amount of 100.000,- LKR
2. Actual central bank of Sri Lanka buying rate is 240 LKR / 1 EUR.
3. 100.000/240 = 416,67 EUR
4, From Effective Tours dashboard, you create a payment request to your guest for the amount 416,67 EUR
6. Unlike some other payment systems, we are did not charging any fees from the payer, which means your guest will pay exactly 416.67 EUR or in case if he is paying in any other currency, his bank will charge him accordingly
7. As soon as the payment is completed, you will get a notification from Effective Tours and the above-said amount of 416.67 EUR will be automatically added to your balance. You can always check your stats in real-time 24/7.
8. You can request the withdrawal to any bank account in Sri Lanka any time you want, so the EUR will be converted to LKR according to the rate 240 LKR / 1 EUR and you will get your 100.000,- LKR as expected without any commissions.
