How will you charge the applicable fees for funding payments by card?
The fees are based on both the transfer amount and the type of card you’re using. Card processing fees are calculated individually for each transaction and represent a percentage of the principal amount. These fees, as well as any relevant foreign exchange charges for cross-border transfers, will be added to the principal amount you need to pay. The total amount, inclusive of all fees, will then be debited from your credit card for settlement.
Funding payments by card is a service currently available for clients in Australia, Singapore, Hong Kong and Malaysia.
Related FAQs
Are there any fees or charges payable for using my card to fund payments? How much does it cost to send money with Instarem? At what rate will Instarem transfer my money? Why should my business consider locking FX rates? Why partner with Corpay for locking in FX rates? If I lock in a rate and a better one comes up later, can I switch? Is there a fee for locking FX rates? How does locking an FX rate work? What’s the difference between FX hedging and forward contracts?Didn’t find what you were looking for?
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