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Fees & Pricing

Updated today

How does pricing work in ApprovalMax Pay?

ApprovalMax Pay uses different pricing models depending on the payment method you choose.

There are no hidden fees, and charges are clearly shown before you make a payment.

How am I charged for Open Banking payments?

To use Open Banking payments, you need to purchase an Open Banking add-on.

  • The add-on is billed monthly

  • It is charged alongside your existing ApprovalMax subscription

  • Once enabled, you can make Open Banking payments within a monthly limit.

How am I charged for Wallet payments?

Wallets use a pay-as-you-go pricing model.

  • There is no subscription fee

  • No maintenance or inactivity fees

  • You are charged per payment made from your Wallet balance

The fee depends on:

  • Payment method (e.g. local or SWIFT)

  • Currency and destination

Full pricing details are available via the pricing link.

Are there any fees for holding a Wallet balance?

No.

ApprovalMax Pay does not charge:

  • Wallet opening fees

  • Balance holding fees

  • Maintenance fees

Fees apply only when a payment is executed.

How does FX pricing work?

For currency conversion:

  • An FX rate is applied at the time of the conversion

  • The applicable rate is shown before you confirm the conversion

FX rates depend on the currencies involved and market conditions.

Can I see fees before making a payment?

Yes.

Any applicable fees and FX rates are displayed during payment setup, before final approval and execution.



Wallets prices

Payment type

Fee (GBP)

Wallet top-up in GBP

Free

Onboarding

Free

Additional wallet opening (30+ currencies)

Free

Local payments in GBP, EUR, USD

0.50

Local payment in AUD, NOK

0.80

Local payment in DKK, PLN, SEK, SGD

1.00

Local payment in CAD, CZK, HUF, RON, TRY

2.50

Local payment in HKD

2.50

SWIFT OUR (any destination)

20.00

SWIFT SHA (any destination)

10.00

Currency conversion

FX rate applies. No additional fee

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