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Currency Conversion Rates

What currency conversion rates does Novel use?

Grace Ann Litan avatar
Written by Grace Ann Litan
Updated over a week ago

At Novel, we believe in providing fair rates for currency conversion so your people receive more of their money every time.
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As as result, we don't charge anything beyond what our providers charge us to move the money and earn only from our subscription fee.
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Typically this is anywhere from 0.75%-1.5% of the transaction amount depending on the target currency. For comparison, PayPal is typically 2.5%-5% and TransferWise is 1% to 2%.


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