Has anyone seen this new fee from uphold?

Brave Rewards Rewards Support
,
#1

“Note: Starting on the 1st of February 2023, the $0.99 USD transaction fee will be applied to the Automated Transactions and BAT transactions made through browser-linked accounts to fiat.”

link: https://uphold.com/get-started/service-fees

Has anyone seen this new fee from uphold?

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#2

Most exchanges charge a fee for fiat transactions. That’s normal.
Question is, do you really need to convert to fiat? You could simply convert to any other token with low fees, like XRP, and transfer to a private wallet.

#3

Yes, I noted that.

  • We charge a $0.99 USD transaction fee on all transactions between assets where the amount transacted is under $100 USD in value, excluding
  • Transactions made using the Uphold Debit Card**
  • The exchange of BAT from a Brave browser-linked account to fiat
  • Automated Transactions (recurring/limit orders)

Talk about robbing the poor though!

#4

@Thrive Yeah, it said that until the underneath:

Note: Starting on the 1st of February 2023, the $0.99 USD transaction fee will be applied to the Automated Transactions and BAT transactions made through browser-linked accounts to fiat.

So like OP said, it seems like they’ll be removing the exclusion and will then be charging. Kind of hurts a bit I guess, as Rewards only tends to pay like $1-5 worth a month, sometimes less depending on where you live. So if it is going to be taking $1 to move to your bank, they’ll be kind of pushing for people to hodl more I guess?

@chriscat you know anything more on this by chance?

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