How CrossPay transfer cost dey work — the transfer fee carry our 0.1% margin plus payment provider cost, and the exchange rate margin na him own line for your quote.
CrossPay dey show you your full cost before you confirm any transfer. Na two lines make up wetin you dey pay, and the two dey show for every quote.
Na the single "Transfer fee" line for your quote. E no be our own margin alone — e bundle:
Because na the provider share big pass, the transfer fee dey reach some percent of the amount wey you send — no be 0.1%. The exact figure for your corridor and your amount dey always for the quote.
To see am without register, open the currency converter for your pair and type any amount — the live quote go break the fee down for you.
We dey take the mid-market rate as base and add small margin (normally 1.0–1.2%, e depend on the corridor) to cover hedging and FX provider cost.
That margin dey inside the rate wey you collect, and we dey also show am as him own "Exchange rate margin" line — for the calculator, the confirmation screen, your transfer details and your receipt. We dey show the mid-market rate and the rate wey we give you, so you fit check the difference yourself.
For the corridors wey we dey run today, the two lines together dey come to around 6% of the amount wey you send. E dey change with the corridor, the amount and the payment method, so take am as rough figure and take the quote as the real number.
Every quote and confirmation screen dey show the transfer fee, the exchange rate margin, the total cost and exactly wetin your person go collect — before you approve anything.
Use the calculator for any transfer page to see the live cost for your corridor.
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