Comment on page
FXPs are not permitted to charge a separate fee to PSPs for the FX service they provide. Therefore FXPs must set exchange rates at a level that provides for all their own costs plus a profit margin.
Key costs incurred by FX Providers will include:
- The costs of acquiring a particular currency
- The costs charged by Settlement Account Providers, where used (ie. in countries where the FXP is not itself a direct member of a particular Instant Payment System).
- All other costs of operation, onboarding PSPs regulatory compliance etc.