Flywire values transparency and wants to ensure payers can make informed decisions when using our services. In accordance with the newly implemented Cross-Border Payments Regulation (CBPR2), our system automatically displays both the exchange rate Flywire is able to offer payers within the European Economic Area as well as the exchange rate mark-up.
Flywire’s exchange rate refers to the rate offered by our local banking partners which is subsequently used to perform currency conversion on your payment. The mark-up refers to the total currency conversion charges for your payment transaction expressed as a percentage mark-up over the latest available euro foreign exchange reference rates issued by the European Central Bank.
When creating a payment request on our website, the exchange rate and exchange rate mark-up will be displayed when selecting your preferred payment method. Once you have created a payment request, the rates will also be displayed on the tracking page of your payment for quick reference. This information is available for all cross-border payments made within the European Economic Area that must undergo currency conversion.