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Why is there an extra charge for some card payments?

Card networks like Visa and MasterCard charge fees (known as 'interchange') to process card payments. These processing fees vary depending on the kind of card you use and where it was issued. TransferWise pays these fees to accept a broad range of card payments and charge our customers the lowest amount possible.

TransferWise charges an additional 1.7% fee for using business credit cards for transfers from EUR and GBP. We charge this fee only because the card companies charge an equivalent fee to us in order to process the transaction. And so, we charge the 1.7% in order to avoid losing money when we complete your transfer. We do not make a profit when we charge you in order to use a business card to pay for your transfer.

We charge this fee regardless if the payment is made using a private or business profile, using a business credit card. You can find a list of the cards that will be charged as a business credit card by clicking here.

If you wish to avoid paying the fees related to paying with a business credit card, please make a bank transfer to us or alternatively, use a debit card.

Please note that Business Debit Cards are free to use. They do not attract any additional fees.

Card Processing Fees
From Visa Debit Maestro & MasterCard Debit Visa Credit MasterCard Credit Business
GBP None None 0.3% 0.3% 1.7% None
EUR None None 0.4% 0.4% 1.7% None
USD None None 2% 2% 2% None
CHF* None 1.2% 0.3% 1.3% 1.3% 1.2%
BGN 0.3% 0.3% 0.4% 0.4% 0.4% 0.3%
CZK 0.3% 0.3% 0.4% 0.4% 0.4% 0.3%
HRK 0.3% 0.3% 0.4% 0.4% 0.4% 0.3%
HUF 0.3% 0.3% 0.4% 0.4% 0.4% 0.3%
PLN None None 0.3% 0.8% 0.3% None
RON 0.3% 0.3% 0.4% 0.4% 0.4% 0.3%
DKK None None 0.3% 0.3% 0.3% None
NOK None None 0.3% 0.3% 0.3% None
SEK None None 0.3% 0.3% 0.3% None
AUD None None 0.6% 0.6% 0.6% None
NZD** 2% 2% 2% 2% 2% 2%
CAD 1.15% 1.15% 1.75% 1.75% 1.75% 1.15%
HKD None None None None None None
SGD 1.5% 1.5% 1.5% 1.5% 1.5% 1.5%
JPY 2.5% 2.5% N/A N/A N/A N/A
* Please note - In the case of CHF the additional fees for card processing are as follows:
  • for Visa Debit cards, for both business and personal cards, there is no fee
  • For MasterCard and Maestro Debit cards, for both business and personal, the fee is 1.2%
  • for Visa Credit cards, both business and personal, the fee is 0.3%
  • for MasterCard Credit cards, both business and personal, the fee is 1.3%
** Cards issued in New Zealand are currently processed internationally which carries a higher fee. Your bank may also charge an additional fee for this type of card payment, so you may wish to check with them before your payment.

Card processing charges, if any, are added to the transfer amount charged to the card.

TransferWise is actively working with card networks to lower card processing fees as much as possible. In addition, TransferWise does not yet accept card transfers in all currencies and is working to support additional currencies quickly.

Please also note - Some debit cards, including a number of EUR cards, are treated as credit cards by our card processor. This may be because they are not regular debit cards (for example they could be a 'deferred debit' card which doesn't have a pin) and their transactions are treated as a credit payment or a cash withdrawal.

Information related to how to make a card payment and payment limits can be found in our Paying by Card article.

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