When sending an international wire, you can choose to convert USD to one of 40+ non-USD currencies for a 1% exchange fee.
On available business days, funds are exchanged at the current mid market rate. On weekends and holidays, we provide you with the stored/cached rate from the previous business day.
So if you create the payment on a Saturday, you will see the rate from Friday. This is a secured rate and will be the rate used when the payment is processed on the following business day.
Sending a wire with currency exchange
- Click Move Money in the upper right of your dashboard, then select Send.
- Select or add a new recipient.
- From the Method dropdown, click International wire - Foreign exchange.
- Select the desired currency from the dropdown and input your payment details.
- You'll see an estimated exchange rate based on current rates and the estimated 1% exchange fee. Click Next.
- Provide a wire purpose, more optional details and click Review.
- Once you review and send, your receipt and transaction history will show the USD amount deducted from your account, along with the exchange details.
Frequently asked questions
Why are weekend rates cached?
Financial markets are not typically open on weekends and holidays. To ensure a smooth experience, we use the last available rate before markets close so that you can make your transfer knowing the specific rate that will be used the following business day.
Is the exchange fee negotiable?
If your business is exchanging more than $200,000/month, please reach out to us at help@mercury.com. A member of our team will follow up with you to learn more.
Are there any wire limits?
There are upper limits based on currency pairs, as well as some that may be tied to your account. If you run into an upper limit that you would like to change or learn more about, please reach out to our team at help@mercury.com.
How do I monitor for a specific exchange rate?
At this time, we are unable to alert you on specific rates as we get live rates when you go through the wire flow.
Please be sure to select the appropriate currency for your recipient's bank details, in order to see the currency rate.
Can I create a recurring payment with currency exchange?
Yes, you can schedule a recurring payment as normal, but recurring payments will be processed at the exchange rate on the date the payment is actually processed. In other words, we can't guarantee a set rate.
How do returns work?
To prevent returns, we encourage users to confirm payment details before making a payment.
If your payment is returned by the receiver's bank, the funds will be redeposited to your Mercury account for the USD equivalent of the return. It will appear as a new transaction and be labeled "wire return."
Can I receive non-USD and convert it to another currency?
No. While you can send in multiple currencies, you can only accept USD transfers currently. If someone sends you a non-USD, it will need to be converted by an intermediary bank (at a potentially unfavorable rate) before it arrives at Mercury, otherwise it will be returned to sender.
What is the cutoff time for non-USD payments?
There isn't a daily cutoff for payments. They are processed throughout the day.
Will holidays affect my ability to use currency exchange?
You should be able to retrieve a quote and create new transfers any time day or night. On weekends and holidays, you'll receive a cached exchange rate from the previous business day. If you want a live rate, you will need to wait until the next business day.
If the receiving bank has a local bank holiday, this may also impact the delivery estimate of the payment.
I'm getting an error when trying to make a conversion. Why?
You may be getting an error due to invalid bank details. Please confirm that the currency quote you’re trying to pull matches the receiver’s bank currency. You will receive an error if you try to pull a CAD quote if the receiver’s bank account is based in Germany.
What currencies are available?
Mercury users can buy and send 40+ currencies, including:
- Argentine Peso
- Australian Dollar
- Bermudian Dollar
- Botswanan Pula
- Brazilian Real
- Bulgarian Lev
- Canadian Dollar
- Cayman Islands Dollar
- Chilean Peso
- Chinese Yuan Renminbi
- Czech Koruna
- Danish Krone
- Euro
- Ghanaian Cedi
- Hong Kong Dollar
- Hungarian Forint
- Icelandic Króna
- Indian Rupee
- Indonesian Rupiah
- Israeli Shekel
- Japanese Yen
- Malaysian Ringgit
- Mauritian Rupee
- Mexican Peso
- Moroccan Dirham
- New Taiwan Dollar
- New Zealand Dollar
- Norwegian Krone
- Philippine Peso
- Polish Złoty
- Romanian Leu
- Saudi Riyal
- Singapore Dollar
- South African Rand
- South Korean Won
- Swedish Krona
- Swiss Franc
- Tanzanian Shilling
- Turkish Lira
- UAE Dirham
- UK Pound Sterling