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Isa L., customer in Ticino

saves every week on grocery shopping abroad with Moneyswapp.com

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A long-standing Swiss customer of Moneyswapp.com who eliminated bank fees on CHF/EUR currency exchange with her VISA credit card by combining Moneyswapp.com’s online exchange service with a prepaid Euro card.

Customer Profile

  • Name: Isa L.
  • Residence: Canton Ticino (Switzerland)
  • Bank: Isa has an account with a leading Swiss bank
  • Habit: Grocery shopping and weekly purchases at supermarkets abroad.

The Problem:

The hidden costs of credit card currency conversion.

Isa regularly travels abroad for her family grocery shopping. For a long time, she paid directly at supermarket checkouts using her regular Swiss VISA credit card in CHF.

She believed it was the most convenient option, until she carefully reviewed her bank statement:

  • Unfavorable exchange rates: The Visa network applies a foreign currency exchange rate with a significant spread compared with the market rate. This disadvantage amounts to approximately 2.5% of the purchase price.
  • Transaction fees: The bank charges an additional 1.75% fee on every payment made abroad in a foreign currency. This fee is clearly shown on the monthly credit card statement.
  • Financial loss: Every month, dozens of Swiss francs were lost solely due to currency conversion costs and bank fees.
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Example: for a family of four, Isa spends around €180 per week on groceries. Between exchange costs and fees, her credit card adds approximately 4.25% to the value of purchases made in a foreign currency.

180€Average weekly grocery spend
52Weeks per year
4.25%Cost of foreign currency purchases by credit card
Result 397.80€ in annual costs just for currency exchange

The Solution:

The winning combination of Moneyswapp.com and a prepaid Euro card

Looking for a convenient way to exchange Swiss francs into euros, Isa discovered Moneyswapp.com, a Swiss online currency exchange platform. She then set up a simple and efficient payment routine for her purchases abroad:

  1. In addition to her Swiss bank account in CHF, Isa opened a Euro account with a prepaid card. She chose Revolut with its free basic plan.
  2. To top up her prepaid Euro card, Isa uses Moneyswapp.com. She requests the exchange directly through Moneyswapp.com, sends CHF from her Swiss account free of charge, and receives the euros on her Revolut account the same day via SEPA Instant transfer!
  3. Fee-free shopping abroad: She pays for her purchases abroad directly in euros. This way, she avoids foreign transaction fees and unfavorable exchange rates applied by traditional credit cards, making everyday spending abroad simpler and more convenient.

For the same annual amount exchanged, with Moneyswapp.com Isa pays an exchange cost of just 0.24%, equal to €22.46. That means annual savings of €375.34!

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The Results:

Guaranteed savings on every purchase

€375+ saved per year
A significant reduction in hidden fees and exchange rate margins.

Transparent exchange rates

You know exactly how much will be converted before confirming the transaction, with no surprises on your bank statement.

100% digital convenience

Complete the transaction in just a few minutes directly from your smartphone.

The Testimonial:

“Shopping across the border for my family is a weekly habit, but I never realized how much money I was giving away to my bank every month in fees and unfavorable exchange rates. Since I started using Moneyswapp.com to top up my prepaid Euro card, the savings have been immediate. The service is simple, secure, and the CHF/EUR exchange rate is significantly better than Visa’s. I would never go back.”

— Isa L.

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The information, values, and calculations provided on the website, in the guides, and through the related online calculation tools are for indicative, illustrative, and informational purposes only. Estimates Based on Average Parameters. Taxes, duties, social security contributions, and insurance policy premium amounts (both mandatory and optional) are derived from simulations and estimates based on average and general values. Therefore, they cannot in any way take into account the personal, financial, cantonal, or municipal specificities of individual users, nor the inherently volatile nature of currency markets and exchange rate fluctuations. No Professional Advice. The editorial content and calculation tools made available on the website do not constitute, nor are they intended to replace, tax, social security, legal, or financial advice. The use of the information and data is at the user's sole risk and responsibility. Regulatory Updates and Limitation of Liability. Tax, pension, and social security regulations are subject to frequent changes in both Swiss and European legislation. ELP SA assumes no liability, either express or implied, regarding the accuracy, completeness, timeliness, or reliability of the data provided. Important Recommendation: Before making any financial, pension, or tax decision, it is strongly recommended to seek the advice of qualified professionals in the field or to contact the competent authorities directly.

Why
MoneySwapp?

MoneySwapp.com lets you exchange your money, salary, or savings conveniently online, saving you up to 80% compared to typical bank and exchange office rates. Whether you’re a cross-border commuter, live in Switzerland, or run a company, Moneyswapp makes exchanging currencies fast, easy, and affordable.

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