So altergold is a new proccessor...
You're right. It doesn't give much about the exchange rates, but it seems the rates are at the mercy of the exchager: Here are a few Guidelines that could assist you as an AlterGold Exchanger.
You need Internet access and an AlterGold account, enabling you to receive and make AlterGold payments via computer.
You need to be able to receive and make payments to/from your exchange customers in local currency.
Be sure each payment you accept is good and final before you click send funds to your customers!
Maintain records, for larger cash payments it is prudent and depending upon location it may be required to document identification of your exchange customers.
Maintain a source of information on current exchange rates for AlterGold. This data is available on the Altergold Website.
The key to maximizing exchange profits is to make a two-way market , buying and selling, replenishing both your Altergold and your supply of local currency via trades with your customers. The more balanced your book of business, the less you will need to resort to an external market where you are the customer paying the spreads or fees.
The exchange provider may sell Altergold at a higher exchange rate, and buy at the lower exchange rate; or calculate everything at "spot" and simply charge a flat fee or percentage.
Customers and exchange providers may hold Altergold as a store of value, or as a means for on-line payments.
Familiarize yourself with the Altergold Website so that you are able to explain and market it effectively.
Ensure a high level of security to prevent fraud or breaches of security. Although unlike other payment providers, Hacking your Altergold Account is almost impossible unless the user has your secoundary Password.
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