When it comes to the fee schedule for Emburse Global Reimbursements powered by Wise (formerly TransferWise), there are three costs to be aware of:
A one-off fee to cover the cost of enabling the Wise-Emburse connection, creating a Wise account and getting verified.
Monthly Payment Subscription
A monthly subscription to cover the transactional fees for all transfers, sold per the Abacus pricing schedule.
Cross-Border Conversion Fee
A per-transfer fee to cover the cost of cross-currency payments (e.g. USD-GBP or GBP-EUR). The fee will always be transparent and upfront before confirming any payments, and will be facilitated directly in the product for each batch payment. The average fee based on supported currencies is around 0.6%
Emburse International Reimbursements powered by Wise is a paid feature available to Professional and Enterprise customers. To learn more about functionality and pricing, please reach out to firstname.lastname@example.org or your customer success manager.