The three numbers
- The platform fee — the advertised percentage of the invoice.
- The FX spread — the difference between the rate you are given and the mid-market rate on the day. Often larger than the platform fee, and almost never on the pricing page.
- The withdrawal cost — a fixed fee per transfer, a network fee, or a receiving-bank charge that appears on your statement rather than theirs.
A platform charging a low percentage on a wide spread can easily cost more than one charging a higher percentage at the mid-market rate. On a $5,000 invoice, two percentage points of spread is $100 — which is a bigger number than most of the differences people agonise over.
Two questions worth asking before you sign up
What exchange rate do you use, and when is it fixed? "Our partner bank's rate" is not an answer. A platform that quotes the mid-market rate and says so will tell you plainly; one that does not will change the subject.
Which payout rails work in my country? This is the question that most often has an unpleasant answer, and it is the one you want answered before you invest time rather than after you have delivered work. Any platform that cannot tell you this on day one is telling you something.
What we charge, stated the same way
One platform fee deducted from each paid invoice — 10% by default, or an individually agreed rate. No monthly subscription, no per-seat charge, and no separate FX markup: invoices are issued and settled in the currency you chose, so any conversion happens where you choose to do it. Country restrictions are published before registration, not discovered at payout time.
Bill your US clients from a US company
Your client receives an invoice from PANORAMA SYSTEMS FLORIDA LLC with a W-9 available, and pays it as a domestic supplier. Registration and verification take about fifteen minutes.
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