In DolarApp, the exchange rates for your transactions are clear and easy to understand.
You will always be able to view the updated exchange rates in the "Home" section of the app:
Purchase exchange rate:
This is the rate applied when you add funds to your account by purchasing digital dollars.
Sale exchange rate:
This is the rate applied when you send funds or make payments with your card. The digital dollars in your account are converted to the currency used in the transaction.
How does it work?
Adding funds:
When you buy digital dollars, the amount is calculated at the current purchase exchange rate in the app.
Making payments:
When you use your DolarCard or send funds, the digital dollars in your account are converted to the desired currency at the current sale exchange rate.
Practical example:
Situation: You go to the mall and want to pay 500 MXN with your DolarCard.
Initial balance: You have 100 digital dollars in your account.
Exchange rate: In the app, the sale exchange rate is 20 MXN per digital dollar.
Calculation: To pay 500 MXN, you will need to use 25 digital dollars from your balance (25 x 20 = 500).
Benefits of the exchange rates in DolarApp:
Transparency: You always know the current exchange rate before making a transaction.
Flexibility: Make payments in any currency using your digital dollars in a simple and direct way.
Have any questions?
If you need more information about exchange rates, contact us via:
App chat: Available 24/7.
Email: Write to us at help@dolarapp.com.
Enjoy clear and transparent management of your international transactions with DolarApp! 🚀