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Currency Conversion Rates

What currency conversion rates does Novel use?

Charlie avatar
Written by Charlie
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.

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.

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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