EdWallet outgoing payment fees
Last updated: May 6, 2026
EdWallet outgoing fees: payouts to school providers = no fees. Withdrawals same currency = no fee, different currency = 0.8% FX spread. Manage fee balances by paying school first then withdrawing commission, combining students, or charging extra on payment request. TransferMate ensures full payment delivery (no intermediary deductions).
Fees on funds leaving EdWallet (payouts to providers, withdrawals to own bank).
Payouts (agency pays a school provider)
No fees on payouts to school providers.
Withdrawals (agency sends funds to own bank)
- Same currency (e.g. USD to USD, CAD to CAD): No fee.
- Different currency: No flat fee, but 0.8% FX spread applies.
Tip: managing fee balances
Processing fees can leave a small mismatch between what was received and what's available for payout. Manage this by:
- Pay school first, withdraw remainder as commission. If $1,000 received and $900 owed to school, withdraw the $100 difference.
- Combine multiple students. Pool funds before paying, leaving headroom for fees.
- Charge an extra fee on payment requests. Request $1,005 instead of $1,000 so $5 outgoing fee leaves you exactly $1,000.
- Send a follow-up payment link for the missing fee amount after collecting the main payment.
Full payment delivery
With Edvisor Payments + TransferMate, the amount sent is exactly what the provider receives. No intermediary bank fees deducted in transit.
Detailed fee calculator
For specific FX rates and fees, use Edvisor's fee calculator inside EdWallet.