MPay Service Fee Schedule

Any payment services available as part of the MPay solution are provided by Airwallex or any of its regional banking partners. No such payment services are provided by Marketplacer itself. Refer to MSAA for more information.

1. OVERVIEW

1.1 Currencies

a. In this Fee Schedule, the following capitalised terms shall be defined as follows:

“FX Conversion Services” means, in the course of a Payout, the PSP’s conversion of the Transaction Currency to another currency upon your request; and

“Transaction Currency” means a currency used in the transaction.

b. The FX Conversion Fee is charged by the PSP with a proportion of the fee rebated to us for our provision of the Platform Services and our role in arranging the Connected Account Services.

2. FX CONVERSION FEES

2.1 FX Rates Fees

Fees are charged for FX Conversion Services in accordance with the table below.

Description	FX Rates Fees (percentage of Total Conversion Volume)
Currency Group 1: AUD CAD CNY CHF EUR GBP HKD JPY NZD SGD USD	0.50%
Currency Group 2: (all other supported currencies)	1.5%
Total Conversion Volume: For purposes of this table, “Total Conversion Volume” shall mean the total amount (in USD) of FX Conversions performed by PSP on your behalf in the given calendar month, measured by reference to the converted amount, i.e., the USD-equivalent amount of the counter/quote currency, not the base currency. Buy and Sell Same Rate: The rate for “buy” transactions will be the same as for “sell” transactions. Calculation of Applicable Fee: For each Currency Tier, the “Applicable Fee” shall be calculated by multiplying the indicated percentage by the Total Conversion Volume for that Currency Group. More than One Currency Tier: Where FX Conversions involve currencies from more than one of the above Currency Groups, the parties acknowledge and agree that PSP shall apply the Applicable Fee from the highest Currency Group. For example, if you instruct the PSP to undertake a FX Conversion transaction in which the base currency is GBP (Currency Group 1) and the counter/quote currency is PHP (Currency Group 2), then the Applicable Fee will be calculated using the percentages for Currency Group 2.

Description

FX Rates Fees
(percentage of Total Conversion Volume)

Currency Group 1:

0.50%

Currency Group 2:
(all other supported currencies)

1.5%

Total Conversion Volume: For purposes of this table, “Total Conversion Volume” shall mean the total amount (in USD) of FX Conversions performed by PSP on your behalf in the given calendar month, measured by reference to the converted amount, i.e., the USD-equivalent amount of the counter/quote currency, not the base currency.

Buy and Sell Same Rate: The rate for “buy” transactions will be the same as for “sell” transactions.

Calculation of Applicable Fee: For each Currency Tier, the “Applicable Fee” shall be calculated by multiplying the indicated percentage by the Total Conversion Volume for that Currency Group.

More than One Currency Tier: Where FX Conversions involve currencies from more than one of the above Currency Groups, the parties acknowledge and agree that PSP shall apply the Applicable Fee from the highest Currency Group. For example, if you instruct the PSP to undertake a FX Conversion transaction in which the base currency is GBP (Currency Group 1) and the counter/quote currency is PHP (Currency Group 2), then the Applicable Fee will be calculated using the percentages for Currency Group 2.