Bondora now provides an easy way to transfer funds from credit/debit card (issued by US bank in my case) into one’s account via so-called Visa and MasterCard Payment. ...
Does anybody know if there is any potential risk with this process and if there is any upper limit to transfer funds from US to this European p2p lending service?
I was not able to find any explanation of the credit card fees that you are charged for this kind of transfer. Because it is via credit card, I am sure there are big fees. How much was added on for a fee when you did your transfer? 2%? 5%?
Good question. I was charged for 5% Cash Advance Fee when I initially used a credit card. I tried again and used a debit card instead - no extra charge so far.
UPDATE:Just found a 3% foreign transaction fee in my debt card. So, definitely check any cash advance fee and/or foreign transaction fee with your bank. There are a couple of banks that offer debt card without such fees, though. Just check.