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Americans lose $8.7 billion when sending money internationally.

In 2019, over half of the $16.3 billion paid by consumers in international payment fees came from hidden exchange rate markups. But most people are unaware of what they’re actually paying to send, spend, or receive money internationally. That’s because providers intentionally mislead consumers on exchange rates. They often advertise "$0 fee" or "no fee", while setting their own currency conversion rates and pocketing huge profits.

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Help us make price transparency the norm by inviting more of your friends and family to join Nothing To Hide and help change the law.

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