FX (Foreign exchange) transaction fees.
Foreign exchange fees include a 1.00% rate per transaction. Rapyd will add the current daily exchange rate as displayed from the Get Daily Rate API.
|Payment Channel||% Rate per Transaction|
|FX Markup||Benchmark + 1.00%|
As a reference rate for Foreign Exchange Management, Rapyd uses a daily FX rate calculated by Rapyd’s systems as of the contractual transaction date (“ Benchmark ”).
For more details on fees, refer to Merchant Services Agreement Schedule 1 – Services section.