What is Custom Spread (extra revenue on EdWallet payments)
Last updated: May 6, 2026
Custom Spread is an optional FX markup (typically 0.1-0.5%) that agencies add on top of Edvisor's standard FX rate to earn revenue per student transaction. Example: 0.4% on 5,000 CAD = 76 BRL agency earnings. Also accrues Edvisor Rewards points.
Custom Spread lets agencies add their own markup (typically 0.1%-0.5%) on top of Edvisor's standard FX spread, generating revenue per student transaction.
Definitions
- FX Spread. The difference between the mid-market exchange rate and what students actually pay.
- Custom Spread. The additional margin the agency chooses to apply on top of Edvisor's default rate.
Example
- Edvisor FX rate: 1 CAD = 3.8000 BRL
- Custom spread: +0.4% → final student rate = 3.8152 BRL
- Student pays 5,000 CAD × 3.8152 = 19,076 BRL
- Without spread: 5,000 CAD × 3.8000 = 19,000 BRL
- Agency earns: 76 BRL (~$15 USD)
Is it mandatory?
No. Optional. Default at 0% if not configured.
Will students notice?
- Small markups (0.1%-0.5%): a few extra dollars, often less than credit card fees.
- Higher markups (4-5%) are more noticeable. Agency choice based on business strategy.
Bonus: Edvisor Rewards Program
Every Custom Spread payment also earns Edvisor Points. These can be redeemed for partner school scholarships.