I live in Mexico.
I lost my wallet a couple weeks ago with all my cards in them. In order to get cash from my friend while I wait for new cards, I have to PayPal him, he sends it to his bank, then he goes to the atm. By time it’s all said and done it’s over $50usd in fees! That’s a crazy amount of money down here, it’s ridiculous.
If these guys are saying it’s 90% less than the competitors to transfer money then they have a real market here. All these fees are USA based and it’s not reasonable down here.