BIT / PYABOX ARE THEY FOR FREE?
Are BIT and PayBox still free? Not always… here’s what you need to know! For years, BIT and PayBox have been a super convenient (and free!) way to transfer money between friends and family in Israel. All that was needed was your credit card and the receiver’s phone number. However, things are starting to change From January 2025, both apps are allowed to start charging fees — but only in certain cases. What does this mean in practice? If the total amount you send or receive is up to ₪25,000 per year, you will most likely pay NO fees. This...
