Paybis, a global crypto and fiat infrastructure provider, is launching Fee Slasher throughout November, offering new users signing up during the month 70% off any purchase with code FEESLASH70. The campaign follows new research from Paybis showing that more than a third of people who send money abroad cannot say what it costs them. Nearly half believe they lose around 10% or more of every transfer, while one in five (18.2%) think they pay under 1%.

Their guesses are not far off. The World Bank puts the global average cost of sending $200 at 6.49%, more than double the United Nations’ 3% target for 2030. Much of that cost sits in the exchange rate rather than a visible fee, which is why so many people cannot name it.

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Yet people already sense there is a cheaper route. Asked what it should cost to send money with stablecoins, with no bank involved, half said less than 1%. The expectation is there, but so far not the habit.

“The empire of expensive remittance is ending as more and more people move to stablecoin sending. ” – said Paul Afshar, CMO at Paybis.

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