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What is market exchange rate and how it is calculated? What is conversion fee and SWIFT fee? How various fees are calculated ?
What is market exchange rate and how it is calculated? What is conversion fee and SWIFT fee? How various fees are calculated ?
Updated over 8 months ago

Market exchange rate → Our platform use real FX rates with no hidden markup or payout cost. You'll be sure to enjoy one of the lowest exchange rates on all major currencies in the market.

When you send money to overseas, the Foreign Or Market Exchange rates (FX rates) and all applicable fees are presented upfront to you during payment setup.

The fees you pay for depend on:

  • Where you are sending it to

  • The amount you are sending

  • The exchange rate

There is no hidden markup fees or hefty intermediary bank charges or commission.

Overall, we require to pay some money/fees to perform your currency conversion and send your payment overseas safely.

  • Conversion Fees – this fee includes the costs incurred by us to convert the funds and send your payment overseas.

  • SWIFT Fees - is charged by your recipient bank ONLY when

    • you are sending local currency to a bank account outside of the local country e.g. sending USD to a recipient outside of US or

    • large amount payments with some currencies (ex. Amount greater than 250K USD, 1M HKD, 1M JPY etc)

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