EOR currency conversion fees: which providers mark up the exchange rate
When you pay an employer of record in one currency and your employee is paid in another, the provider converts the money, and some add a margin to the rate or a fee on top. What each provider's own pages say about it, with the page that says it.
Of the 93 providers BestEOR.co tracks, 17 state that they add a markup or a fee when they convert your currency into the employee's pay, and 10 that they convert with no markup. The other 66 publish no exchange-rate terms we could find, so ask them before you sign. Where a provider states a rate: Toku, about 1% through its FX partner Bluefyn↗; Wisemonk, 1% FX markup per payment, none on salaries↗; Playroll, typically 2.5% when your payment is converted↗; Vensure Global, up to 3% on top of the monthly fee↗. Read from each provider's own pages on 2026-11-07.
Providers that say they add no markup
Providers that add a markup or a fee
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Get matchedQuestions about EOR currency conversion
Do EOR providers charge for currency conversion?
Many do: the counts above are each provider's own statement. A markup is usually a margin on the exchange rate rather than a line on the invoice, so it is easy to miss when you compare monthly fees.
What should I ask an EOR provider about currency conversion?
Ask which exchange rate it uses (a mid-market reference such as the rate a market data provider publishes, or its own rate), what margin or fee it adds and whether that margin is shown on the invoice, and whether you can pay in the employee's currency to avoid the conversion.