Last updated: June 2026
This page outlines current fees, exchange costs, processing times, and cut-offs across supported fiat and stablecoin payment rails on petl pay.
petl pay operates a non-custodial model. We do not hold client funds and we pass through underlying rail and partner costs on standard plans. Fees shown below reflect the cost of the selected payment rail.
How to read this page
- Deposits refer to pay-ins or top-ups into your petl pay balance
- Withdrawals refer to payouts or off-ramps to banks or wallets
- Fees may include a fixed component, a percentage component, and where applicable an FX fee
- Processing times depend on rail availability and cut-off times
PLEASE NOTE: Fees stipulated below are based off our minimum transfer volumes. Should your business require custom rates for larger transfers, please reach out and we'd be happy to offer a customised rate for your use-case.
- T+0 = same business day
- T+1 = next business day
Deposits (Pay-ins / On-ramps)
| Country / Currency | Fee | Processing time | Availability | Method |
|---|---|---|---|---|
| United Kingdom (GBP) | £0.30 + 0.50% | T+0 (Instant) | 24/7 | Open Banking |
| EU (EUR) | €0.00 + 0.50% | T+0 (Instant) | 24/7 | Open Banking / SEPA Instant |
| USA (USD) | $0.00 + 0.20% | T+1 (ACH) / T+0 (Wire) | Business hours | ACH / Fedwire |
| USDC / USDT | $0.00 + 0.00% | Instant | 24/7 | Blockchain |
UK and EU deposits run over open banking, paid bank-to-bank directly from the payer's bank with no card fees. Wire deposits in the USA are subject to a 4:00 pm ET cut-off.
Withdrawals (Payouts / Off-ramps)
| Country / Currency | Fee | Processing time | Cut-off | Method |
|---|---|---|---|---|
| EU (EUR) | $1.00 + 0.60% | T+0 (Instant) | None | SEPA |
| South Africa (ZAR) | $1.50 + 1.10% | T+0 | 15:00 GMT | Local bank rails |
| USA (USD) | $0.50 + 0.50% | T+0 (Wire) / T+1 (ACH) | 4:00 pm ET | Fedwire / ACH |
Latin America local payouts
| Country | Fixed fee | FX fee | Processing time | Cut-off | Method |
|---|---|---|---|---|---|
| Argentina (ARS) | $0.00 | 0.50% | Instant | 24/7 | Local |
| Brazil (BRL) | $0.25 | 1.30% (incl. IOF) | Instant | 24/7 | Local |
| Chile (CLP) | $1.20 | 0.95% | Instant | 14:15 GMT | Local |
| Colombia (COP) | $0.35 | 0.95% (incl. GMF) | T+0 (T+1 via Nu Bank) | 15:20 GMT | Local |
Crypto withdrawals
| Asset | Additional fee | Processing time |
|---|---|---|
| USDT | 0.10% | Instant |
Fees shown are indicative and reflect underlying rail and partner costs. Settlement times may vary due to bank cut-offs, compliance checks, or network conditions. High-volume or platform-style payment flows may require Enterprise pricing.
Open banking payments (UK & Europe)
petl pay supports embedded open banking across the UK and Europe, so clients can pay you by direct bank transfer from inside the platform. This means:
- Low-cost bank-to-bank deposits (UK: £0.30 + 0.5% per transaction)
- Instant or near-instant settlement
- Direct payments from supported banks into petl pay, with no card fees
Supported today
United Kingdom — around 44 banks, including Lloyds, Barclays, NatWest, HSBC UK, Nationwide, Santander UK, Halifax, Monzo, Starling and Revolut, plus most major high-street, challenger and business accounts.
Germany — 200+ banks, including Commerzbank, Deutsche Bank, Comdirect, N26 and a wide range of regional and cooperative banks.
France — 70+ banks, including BNP Paribas, Société Générale, Crédit Agricole, CIC and Caisse d'Épargne.
Spain — BBVA, Banco Santander, Bankinter, CaixaBank, Sabadell and other major institutions.
Netherlands — ASN Bank, ING, Knab, N26 and Revolut.
Belgium — Belfius, Fintro, Fortis, Hello Bank, N26 and Revolut.
Rolling out next
Coverage is expanding across the rest of the EEA and SEPA, including Austria, Bulgaria, Croatia, Czech Republic, Denmark, Finland, Ireland, Italy, Poland, Portugal, Sweden and Switzerland, among others.
Exact availability may vary by bank and country, and coverage expands continuously. If you need a specific bank or country, contact us.
Fair use and plan considerations
- Fees listed apply to Solo and Business plans
- High-volume, marketplace, or platform-style payment flows may require Enterprise pricing
- Fair use thresholds apply to protect platform performance
- We will proactively engage before any commercial changes apply
Important notes on FX and settlement
- FX fees apply only where currency conversion is required
- Stablecoin transfers avoid FX where pegged to USD
- Settlement times are indicative and may vary due to bank cut-offs, compliance checks, or network conditions
