Regarding LR and PM fees, am I true to say that LR has lower fees than PM?
I am comparing LR's receiving fee to PM's sending fee.
I mean, for amounts $600 and above.
For eg, for an amount of $650,
PM spending fee would be $3.25 ($650 x 0.5%).
Even though LR receiving fee is 1%, it is capped at max $2.99.
Which means for receiving $650, the fee is $2.99 (since $650 x 1% = $6.50 > $2.99 cap).
Are my calculations correct?