If you check our rates for the bank transfer payment option, you will notice that the price is lower than other payment methods. We can provide better pricing on bank transfers because the costs Flywire incurs to provide cross-border bank transfers are typically lower than for credit card options. Select to pay via bank transfer if you are looking to make a payment at the lowest cost available.
Credit card payments on the other hand, are instantaneous and offer many advantages in terms of convenience and speed.
If you need to make a time-sensitive payment, then the card option is a great choice. We advise payers to use credit cards denominated in their local currency to minimize charges resulting from currency conversions. If a dual or different currency credit card is used, the payer’s bank may charge an additional currency conversion fee to send the payment to Flywire.