Who Pays for the Remittance Fees Customer or MTO?

You go to a money transfer company, you want to give them YOUR business. They ask you $10 to send the money transfer across… Who should pay this?

You? Them? Both?

Well, let’s look at it…

  • If you pay, then they give you a better rate, as they won’t have to make the money off the FX
  • If they pay, then they will make this money off the FX and the FX rate might not be that favorable.
  • In most cases you both pay, giving you a half-way-decent FX rate and smaller fees to pay.

It also depends, if this is on the send side or on the receive side. Watch this video to get my answer/opinion.

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