Overview of Wyre's fee structure for API and dashboard. This article includes payout and fee minimums.
Updated on May 5, 2022
⚠️ The fees outlined here are for partners/users using the Wyre dashboard or API for payments. Fees for the Wyre widget or services offered through other partners vary.
For transfers involving currency exchange, Wyre will charge a 0.75% processing fee, or a minimum fee, determined by payout currency. This means if the 0.75% fee is less than the minimum fee, we'll charge you a flat fee for your transfer. It's important to note that Wyre uses the mid-market exchange rate for exchanging fiat currencies.
For transfers involving crypto to other crypto or crypto to fiat exchanges (and vice versa), Wyre will charge a 0.75% processing fee, or a minimum fee, determined by payout currency. Cryptocurrencies do not have a minimum fee only fiat currencies do. For same cryptocurrency transfers, there is no fee from Wyre, only miner fees depending on the cryptocurrency selected. As for exchange rates, we pull rates from multiple exchanges to determine our price for BTC & ETH.
For same currency transfers (e.g. USD/USD), Wyre will charge a 0.20% processing fee, or a minimum fee, determined by payout currency. This means that if the 0.20% fee is less than the minimum fee, we'll charge you a flat fee for your transfer. Any same currency transfer will have a 0.20% processing fee with the exception of supported cryptocurrencies, which have their own separate miner fees.
Wyre will require a minimum fee, determined by the payout currencies listed above. There are no minimum fees for other supported currencies not listed here (e.g. MXN, BRL).
Users will be charged a flat fee according to the schedule above for any transaction amounts that don't reach the minimum.
To give an example, if you're trying to send 200 CNY, 0.75% of that amount is only 1.5 CNY, which is lower than the minimum fee. In this case, you would instead be charged a flat fee of 3 CNY for the transaction. We'll charge whichever is higher.
For accounting purposes, all fees will continue to be listed in the originating currency.
Below are the minimum amounts for sending money using Wyre: