We intend to offer the lowest possible transaction fees and withdrawal fees over time. (Ranging from 2% to 0% — Free of charge)
• Top-ups — Currently 1) 0% for top-ups via DBS bank or 2) 2.9% + $0.50 for PayPal top-ups.
• Withdrawals — Currently 1) 2.5% + $0.50 SGD for withdrawals via DBS bank or 2) 3.5% + $0.50 for withdrawals via PayPal.
• Currency conversion — Free at Google Exchange rates. (You can then withdraw them in your own city in future)
(Withdrawal fees will further decrease in future. We intend to lower our withdrawal fees to be 1.8% for withdrawals via banks and charges no extra other fees than PayPal fees for PayPal top-ups/withdrawals.)
Sapphiro Payment is made in Singapore, and will likely further upgrade to become a full-fledged Internet bank in the future.