I need to transfer £3.5k to Spain for boat maintenance. What service to use.

Although I went with TransferWise, I did a comparison afterwards with Revolut
I paid £3101 for €3428 (Incl £20 fee) with TransferWise
Had I gone with Revolut at their rate of 1.111 I would have paid £3085 (no fee)
A saving of £16
How do they do it and make money?
 
Although I went with TransferWise, I did a comparison afterwards with Revolut
I paid £3101 for €3428 (Incl £20 fee) with TransferWise
Had I gone with Revolut at their rate of 1.111 I would have paid £3085 (no fee)
A saving of £16
How do they do it and make money?

loss leader I think , presume they work on the basis that you'll use them for other services once they hook you with the cheap foreign currency transfer.
 
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