Say you are paying someone 5% vig for their live cash, and you are giving them online money. Which is correct?
A. $10,500 (online) for $10,000 (cash)
B. $10,000 (online) for $9,500 (cash)
I know the difference is pretty insignificant, but I've heard both sides from people who do large transactions and are smart people. Is there no standard?
I think I've actually done both