Remit Help

You know how to send money by a traditional money transfer shop. You just need to give your ID and money to the agents then they will process the transfer on your behalf of you. But, do you know how much money the agent makes by reducing the exchange rate when you send money by them? for example, you want to send GBP to India and the real exchange rate is 104 Indian rupees. Agents can change the rate manually and they can give you 102 rupees instead of 104 rupees. so how much money will the agent make from this transaction of GBP if they change the exchange rate manually? Well, Almost 38 GBP except for the fee! Now, Just think how much money you lose every year from rate adjustment by the agents. It doesn't matter where are you sending money, the agent can change the rate wherever you send it.