There are two types of charges involved:


  • Sending charges - These are completely borne by Kolabtree.

  • Receiving charges - There will be a Forex conversion charge of 2% on each transfer which you receive from Kolabtree and which will replace the conversion charges of 2.5% to 4.5% which your bank would be charging you

P.N: The forex conversion charge of 2% will be borne by you, apart from the intermediary bank charges (if applicable)

Example: For $100 paid by Kolabtree to a freelancer located in UK (select to be paid in GBP), Payoneer will charge sending charges to Kolabtree for the payment and the freelancer will receive $100 - $2(=2%) = $98 = 67.98₤ ($1=0.69₤ [midmarket rate]) 


Pricing and Fees

Items

Price

Unit

Details

General

Account Set up

Free

Per Account

One Time - when account is first set up

BANK TRANSFER FEES

Transfer to Bank account

Free for Freelancers (Borne by Kolabtree)

Per Transfer

Each time a Bank transfer is made


Conversion rate USD to local currency


2.00% of Total amount (To be borne by Freelancers)

Per Transfer

Each time a Bank transfer is made