Custom Spread: what it is and how to set it up

Last updated: October 16, 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. Includes setup: 3 options — account manager default, per payment link via FX Option, or direct override on Proposal/Sale (requires Settings > Teams > Permissions > Payment).

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.

Setting up Custom Spread

Three ways to configure Custom Spread on EdWallet.

Option 1: Default spread (set once for all payments)

  • Contact the Edvisor account manager to request a default spread (e.g. 0.3%).
  • Applied automatically to every student payment across all Edvisor platforms.

Option 2: Per payment link (adjust per transaction)

  1. Go to EdWallet > Create a Student Payment Link.
  2. Fill in the required details.
  3. On the final amount screen, select FX Option > custom spread.
  4. Applied only to that specific transaction.

Option 3: Directly on Edvisor (Proposal or Sale)

Override the default spread directly when working on a Proposal or Sale.

  • Enter desired value (e.g. 0.4%).
  • Only users with the proper permission can edit the spread.
  • Important. Override applies to that transaction only. The default spread can only be changed in EdWallet (Option 1).
  • If override is set on a Proposal, it carries over when the Proposal becomes a Sale.
  • If no override is set in Edvisor, the EdWallet default applies.

Enabling the permission

Settings → Teams → Permissions → Payment