With ApprovalMax Pay Wallets, there are no setup fees or wallet-holding charges, and you only pay for what you use.
Local payment fees are flat, not percentage-based, and are clearly displayed in the Batch Payment in ApprovalMax:
They are automatically recorded in Xero as separate line items for easy reconciliation:
You can also see any associated fees directly in the Transactions list or by opening the Payment Details view for a specific transaction:
Or, as a separate transaction line:
All fees are displayed in the Wallet currency.
Fees by type
Fee Type | Description | Typical Amount |
Local payments (GBP, EUR, USD, etc.) | For domestic transfers within these currencies | Flat fee, varies based on the currency |
International SWIFT payments | For cross-border payments made via the SWIFT network | £20.00 |
Currency conversion | Applied when exchanging funds between Wallets in different currencies. Competitive rates apply and are shown at the time of conversion | Varies (based on live rates) |
Wallet top-up & onboarding | Adding funds to your Wallet or completing KYB verification | Free |