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Understanding Fees, Transaction Processing Times and Cut-off Times
Understanding Fees, Transaction Processing Times and Cut-off Times
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Written by Grace
Updated yesterday

Transaction fees for different currencies

All fees are subject to volume-based discounts. If you or your business plan to process large payment volumes, please reach out to our team to discuss custom fees and rates. If you would like to get information about other currencies that are not listed, please reach out to [email protected]

Country

Currency

Transaction Fee

FX Fee %

Delivery Time

Cut-Off Time

Payment Rail

Argentina

ARS

$0.30

0.50%

T+1

13:30 GMT

Local

Bolivia

BOB

$2.50

0.50%

T+0

14:45 GMT

Local

Brazil

BRL

$1.00

1.8%

T+0 (Instant)

24/7

Local (Bank or Pix)

Chile

CLP

$1.20

1.30%

T+0

14:15 GMT

Local

Colombia

COP

$0.35

1.40%

T+0

14:30 GMT

Local

Costa Rica

CRC

$1.10

2.00%

T+0

24/7

Local

EU

EUR

$1.00

1.00%

T+0 (Instant)

24/7

SEPA

Mexico

MXN

$1.00

1.20%

T+0

16:45 GMT

Local

Peru

PEN

$1.00

1.35%

T+0

14:45 GMT

Local

United States

USD

$0.50

0.50%

T+0 (Wire) / T+1 (ACH)

4pm ET (Wire)

Wire / ACH

Uruguay

UYU

$1.50

1.30%

T+1

Local

South Africa

ZAR

$1.50

1.60%

T+1

13:15 GMT

Local

Payment Rails

Payment rails vary by country and include local options or specific networks. Here are some examples:

  • Local: Domestic transactions using local banking systems.

  • SEPA: Standardized payment method for the European Union (EUR).

  • ACH/Wire: Domestic USD payments used in the United States. Wire deliveries are same-day (T+0) and ACH are next-day (T+1).

What are T+1 and T+0 processing times?

T+0 means that the transaction is settled on the same day as the payment initiation. Payments must be made before the specified cutoff time to be eligible for same-day delivery.

T+1 means that a transaction is settled one business day after the payment is initiated. For example, if you make a transaction on a Monday, it will be completed on Tuesday.

Cut-off time refers to the specific deadline by which a transaction must be submitted for processing on the same business day. Transactions submitted after this time will be processed the next business day.

"Pending" Transactions: Transactions will appear as "Pending" in the user interface until they are successfully received by the recipient’s bank.

The transaction status will change to "Complete" once funds have arrived at the recipient's bank, which will occur by the end of the business day. The user will receive an automatic email notification when the withdrawal is finalized.

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