In this video tutorial, we’re going to have a look at the fees structure of Advanced Cash. Please note that the various fees associated with using AdvCash may fluctuate and can be changed at any time. You can always check the latest fees by visiting the news section of Advanced Cash directly, or by going to ADV.money for the latest updates. This tutorial is considering fees as they were observed on February 13, 2018.
Basically, there are two categories of fees that may occur when using Advanced Cash. The first category of fees is associated with using the e-wallet. These fees include transactions like depositing money into your account, sending funds to a 3rd party, or making withdrawals.
The second category of fees are associated with using Advanced Cash debit cards. Currently, however, these debit cards are unavailable as the company is looking for a new debit card solution which we hope will happen soon. Therefore, fees associated with using AdvCash cards will not be covered in this tutorial. We hope to bring you the updated fees once the new debit cards are in place.
Fees associated with using the e-wallet
First, we can conclude that opening an account with Advanced Cash is totally free, as well as all internal transfers like sending money to another user. You can even send funds for free to anyone with an e-mail address. This feature makes AdvCash quite unique when compared to other e-wallets, like PayPal for instance.
For topping up your Advanced Cash account, you can use several deposit methods. One option that is not listed, and temporarily unavailable, is depositing funds through an International wire transfer, or a SEPA-transfer if you reside in the European Union. We will let you know as soon as these bank wire options are back in place.
One exception, however, are citizens of Brazil, who can use the bank wire option through TED-transfers. The fees associated with a TED-transfer is 3.95% of the deposit amount. You can also use Bitcoin to add funds to your account. The fees are calculated as the internal exchange rate at Advanced Cash, which may be slightly higher, or lower, than the standard market rate.
Fees associated with private debit cards
Another top up method is using a standard bank card, which can be your personal debit- or credit card. Accepted cards are: American Express, Diners Club, VISA and MasterCard, UnionPay by JCB, and MIR, which is a payment system established by the Central Bank of Russia. Simply choose the card you wish to use. Select a currency, and the amount to deposit. Then click the deposit button. There is a flat fee of 2.95% on all card deposit transactions, except for standard Russian Bank Cards where the fee is 0.95%.
Fees associated with E-Currency
One of the most popular ways to deposit funds into Advanced Cash, is by using e-currency. The deposit is often made instantly, apart from Bitcoin, which takes approximately six block-chain confirmations. New lowered fees, also contribute to the popularity of depositing using e-currency.
Fees vary, depending on the chosen e-currency, from 0%, to 0.95%. You can also use Yandex.Money, a very popular payment system in Russia, to top up your account. The standard fee for depositing using Yandex.Money is 6.95% of the transaction amount.
Finally, you can use crypto marketplace codes for free to top up your account. Please note, however, that purchasing such codes may impose 3rd party fees that Advanced Cash has no control over. Having said this, adding the actual codes to AdvCash is free.
Fees associated with withdrawing funds
As for topping up your AdvCash account, you can likewise withdraw funds from Advanced Cash in numerous ways, including e-currency, withdrawing to international bank cards, and to Qiwi Bank. While Advanced Cash debit cards are currently unavailable, Registering with QIWI can be a very Advantageous solution, as they have their own VISA debit card. This way, you can withdraw your funds easily to QIWI at a very favorable rate, the fee is only 2.95%.
The fees for withdrawing funds to other international bank cards are as follows:
- International Visa and MasterCard: Equivalent to 6 U.S. Dollars, or 6 Euros, or 6 British Pounds, plus 2.95%.
- Visa and MasterCard issued in Ukraine: 30 Hryvnia, plus 2.95%.
- Visa and MasterCard available in Kazakhstan: 600 Tenge, plus 2.95%.
- Visa and MasterCard provided in Russia: 60 Rubles, plus 2.95%.
You can also withdraw money in Bitcoin, Etherum, Bitcoin Cash, Yandex.Money, TED-transfers in Brazil, and crypto marketplace codes. As in the case of depositing Bitcoin, withdrawing this currency is also made at the internal exchange rate at AdvCash, where the fee is included.
The fees associated with these withdrawal options are:
- Bitcoin, Etherum and Bitcoin Cash: Exchanged at AdvCash internal rates.
- Yandex Money: 2.95%.
- E-currencies: 0.95%.
- Crypto Marketplace Codes: 2.95%.
- Qiwi Bank: 2.95%.
- TED transfers in Brazil: 0.95% plus 10 BRL.
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