Learn how to apply an FX markup to student payments using EdWallet.
In this article:
What is Custom Spread?
Every time a student pays via EdWallet, there’s a currency exchange (FX) rate applied.
Edvisor already includes a standard FX spread, but now, you can add your own markup (usually 0.1%–0.5%) to that rate, creating a new stream of revenue per transaction.
🔍 Quick Definitions:
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FX Spread: The difference between the mid-market exchange rate and what students actually pay.
- Custom Spread: The additional margin your agency chooses to apply, on top of Edvisor’s default rate.
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How to Set Up Custom Spread
Setting up your Custom Spread is simple and flexible. You can either define a default margin that applies to all student payments, or customize it per transaction directly from EdWallet. Here’s how to do both:
Option 1: Default Spread (set once for all payments)
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Contact your Account Manager to request a default spread (e.g., 0.3%).
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This spread will apply automatically to every student payment on all Edvisor platforms.
Option 2: Per Payment Link (adjust per transaction)
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Go to EdWallet > Create a Student Payment Link.
- Fill in all the required details (💡 How to request payments using EdWallet)
- When you reach the final screen where you enter the payment amount, you’ll see an option under FX Option. Here, choose the custom spread you want to apply.
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Remember, this custom FX rate will be applied to that specific transaction only.
Option 3: Directly on Edvisor
You can also override the default Custom Spread directly from Edvisor when working on a Quote or Sale. Simply enter your desired value (e.g., 0.4%).
⚠️ Only users with this permission can edit the spread.
To Enable Permission: Go to Settings → Teams → Permissions → Payment.
Important: If you override a spread directly on Edvisor, that value will stay for that transaction only.
- The default spread can only be changed in EdWallet (option 1)
- If you don’t override in Edvisor, the EdWallet default will apply
Track Your Earnings
Head to the Custom Spread Dashboard inside EdWallet by clicking on Settings > Custom Spread
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Monthly revenue statements
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Breakdown per transaction (with FX rate, spread, profit)
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Downloadable reports
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Notifications when revenue is paid (1st–14th each month)
💡 Want to Simulate Your Earnings?
Try the Custom Spread Calculator to see how much your agency could earn on real transactions.
❓ Common Questions
Will students notice the markup?
It depends on the spread you choose. A small markup (like 0.1%–0.5%) usually means just a few extra dollars, often less than what students pay in credit card fees.
Some agencies choose to apply higher spreads (even 4–5%) as part of their business strategy. That can be more noticeable, but it’s totally up to you. You control what the student sees and what margin makes sense for your agency.
Is it mandatory?
No. It’s 100% optional. You can set a default, adjust per link, or keep it at 0%.
Where do I configure it?
You can talk to your account manager or set it up from your EdWallet account as explained above.
How do I get paid?
Earnings are paid to your EdWallet account between the 1st–14th of each month.
Will the override carry over if a Quote becomes a Sale?
Yes. If you set a custom spread on a Quote, it will remain when the Quote is converted to a Sale.
If I don’t override, which value applies?
The default spread set in EdWallet.
🎁 Remember: if you’re part of the Edvisor Rewards Program, every Custom Spread payment also gives you Edvisor Points. You can use these points to get scholarships at partner schools, so you earn money and rewards at the same time!