Across borders, “junk fees” creep into payments via inflated exchange rates—every dollar hidden under the guise of “no fees.” Americans lost an estimated $5.8 billion in 2023 alone due to these FX markups.
This practice erodes consumer trust and hinders clear price comparison, blunting competition. A notable 81% of surveyed consumers identify undisclosed FX markups as deceptive and unfair.
DogPay’s Commitment: Transparent, Honest, and Fair Cross-Border Payments
As a forward-looking payment provider, DogPay is redefining international transfers with a firm stand against hidden fees:
- Upfront Cost Disclosure Complete clarity on exchange rates and fees before each transfer—no surprises, just honest pricing.
- Truth in Messaging No gimmicks or misleading “free transfer” ads—if it’s labeled low-cost, it delivers low-cost.
- Stimulating Fair Market Competition By enabling rate comparisons and exposing true costs, DogPay helps users make informed choices and promotes healthy market dynamics.
- Living the “No Junk Fee” Vision Transparent, user-first global payments are more than policy—they’re DogPay’s ethos, designed for trust and predictability.
