How does Airtm calculate fees?

Modified on Fri, 24 Apr at 5:08 PM

Airtm calculates fees dynamically based on your historical activity. Below you will find the definitions and equations used. If a value does not apply to your transaction, do not include it in the equation.

Definitions

Market exchange rate: the local currency rate relative to 1 USDC, without fees or commissions.
Net exchange rate: the local currency rate relative to 1 USDC, including fees and commissions.
Service fee: percentage of the transaction paid to Airtm.
Escrow fee: fixed fee paid to Airtm.
Variable peer commission: percentage of the transaction received by the cashier for accepting the request.
Fixed peer commission: fixed fee received by the cashier for accepting the request.
Discount equalization fee: variable fee charged by Airtm when the transaction is updated to a better rate than the one originally quoted.
Transfer fee: percentage of the transaction paid to Airtm for direct transfers.
Blockchain fee: fee charged by the cryptocurrency network.

Equations

P2P — Add funds (sending a request)

Funds to receive = (Funds to send × (1 − service fee − variable peer commission) − escrow − fixed peer commission) ÷ market exchange rate

Funds to send = (Funds to receive × market exchange rate + escrow + fixed peer commission) ÷ (1 − service fee − variable peer commission)

P2P — Withdraw funds (sending a request)

Funds to receive = (Funds to send × (1 − service fee − variable peer commission) − escrow − fixed peer commission) × market exchange rate

Funds to send = (Funds to receive ÷ market exchange rate + escrow + fixed peer commission) ÷ (1 − service fee − variable peer commission)

Direct bank — Add funds

Funds to receive = ((Funds to send ÷ market exchange rate) − transfer fee) ÷ (1 + service fee)

Funds to send = (Funds to receive × (1 + service fee) + transfer fee) × market exchange rate

Direct bank — Withdraw funds

Funds to receive = (Funds to send × (1 − service fee) − transfer fee) × market exchange rate

Funds to send = (Funds to receive ÷ market exchange rate + transfer fee) ÷ (1 − service fee)

Direct crypto — Withdraw funds

Funds to receive = (Funds to send × (1 − service fee) − blockchain fee) × market exchange rate

Funds to send = (Funds to receive ÷ market exchange rate + blockchain fee) ÷ (1 − service fee)

Direct debit card — Add funds

Funds to receive = ((Funds to send ÷ market exchange rate) − transfer fee) ÷ (1 + service fee)

Funds to send = (Funds to receive × (1 + service fee) + transfer fee) × market exchange rate

P2P cashier — Add funds (accepts a withdrawal request)

Cashier funds to send = Requester funds to receive

Cashier funds to receive = Requester funds to send − (Requester funds to send × service fee) − escrow

P2P cashier — Withdraw funds (accepts an add funds request)

Cashier funds to send = Requester funds to receive + (Requester funds to send × service fee) ÷ market exchange rate + escrow ÷ market exchange rate

Cashier funds to receive = Requester funds to send