Understanding Quotes in meCash
The meCash Quote API provides live, real-time currency exchange estimates. It shows users the exact amount a recipient will receive before they send money. The API calculates quotes using current exchange rates, transaction fees, and business rules.
You can see the API working live on the meCash website.
How the Quote API Works
-
User Sends Request
Users fill in the source currency, target currency, and amount on the meCash platform. -
API Fetches Data
The Quote API retrieves live exchange rates and applicable fee data. -
API Applies Business Rules
The API checks any business conditions such as special limits or promotional rates. -
API Calculates Quote
The API calculates and returns:- Exchange rate
- Transaction fee
- Final amount (in target currency)
-
meCash Displays Result
The platform displays the quote for users to review before they confirm the transaction.
Supported Countries and Payment Channels
Countries
The Quote API supports money transfers to and from several countries, including:
- USA🇺🇸
- UK🇬🇧
- China🇨🇳
- Nigeria🇳🇬
- Canada 🇨🇦
- Cameroon🇨🇲
- Rwanda 🇷🇼
Payment Channels
Users choose from different payment channels that may affect fees and delivery times:
- Bank Transfer
- Mobile Money (additional channels may be added)
Why Quotes Matter
- It shows transparency – Users get to see the exact exchange rate and fees upfront.
- It helps users make informed decisions before completing a conversion.
- It applies business rules to ensure compliance with meCash policies.