How we make money

The most common fee that you will pay if you are buying or selling currency is a service fee.

Why does S Money charge a fee?

We hate getting ripped off.

It's even worse when you don't know how much you are getting ripped off by - through hidden fees.

Most money changers hide their fees by offering a loaded exchange rate.. It means that you don't actually know how much you are being charged.

S Money is different.

We offer the REAL exchange rate and show you exactly what you are being charged.

We will even show you a breakdown (below) of what goes into the fee!

How much is it?

It depends on the currency and amount that you are exchanging. For most orders under $500, it's a flat fee and for most orders above $500, it's a small percentage of the transaction.

Why is it different for each currency or amount?

For total transparency, here is why we charge a service fee in this way.

For amounts under $500, we charge a flat fee because there are some fixed costs that we need to cover - regardless of the amount. A flat fee helps us make sure that we don't lose money and go out of business!

For amounts over $500, the fee is percentage based. This is because the largest cost for us to exchange the currency - is to get the currency for you from a wholesaler. Wholesalers charge a percentage based fee which is different depending on the currency.