Fees

Schedule of Fees

This Schedule of Fees, including any annexes, supplements, or amendments issued from time to time (together, the “Schedule of Fees”), describes the charging structure and fee arrangements applied by WeCollect (London) Limited (“WeCollect”, “we”, “our”, or “us”) in relation to the entity identified in the relevant Participant Agreement (the “Participant”, “you”, or “your”).

Fee Arrangements

All fees are determined individually and agreed directly with each Participant. Applicable charges may differ depending on the nature of the relationship and may be revised periodically. Finalized fee terms will be communicated to you in writing following the successful completion of onboarding and compliance procedures.

Standard Pricing Framework

Our standard pricing structure is stated below (Schedule of Fees). All prices shown below should be regarded as indicative standard fees only and may not necessarily reflect the bespoke rates agreed with individual Participants.

Basis for Fee Assessment

The fees applicable to your account may be assessed using a variety of criteria, including but not limited to:

• the jurisdiction in which you operate;
• the level of regulatory or operational risk associated with your activities;
• anticipated transaction volumes and payment frequency; and
• the extent of monitoring, compliance, or due diligence requirements applicable to your account.

 

Amendments to Fees

WeCollect reserves the right to review and modify any applicable fees at its sole discretion. Where changes are made, reasonable notice of such amendments will be provided to you in writing.

Incoming Payments

 

UK Faster Payments (GBP)

Receive GBP payments between UK bank accounts quickly and securely.

Typical Fee: From £1 per payment

 

SEPA Transfers (EUR)

Receive EUR payments within the SEPA network across Europe.

Typical Fee: From €1 per payment

 

International SWIFT Payments

Receive international payments in different currencies through the SWIFT network.

Typical Fee: From £15 / €15 per payment

 

Percentage-Based Incoming Fees

Payment processing fees for international transfers are calculated on each incoming payment.

Typical Fee: Starting from 0.5%

 

Outgoing Payments

 

UK Faster Payments Out

Send GBP payments between UK accounts.

Typical Fee: From £1 per payment

 

SEPA Payments Out

Send EUR payments across Europe using the SEPA network.

Typical Fee: From £1-2 per payment

 

International SWIFT Payments Out

Send payments globally in multiple currencies using SWIFT.

Typical Fee: From £25 / €25 per payment

 

Percentage-Based Outgoing Fees

Payment processing fees for international transfers are calculated on each outgoing payment.

Typical Fee: Starting from 0.5%

 

FX Conversion and Internal Transfers

 

Internal Transfers

Move funds between accounts within the platform.

Depending on your account setup, internal transfers may be completely free.

 

Foreign Exchange (FX)

When sending or receiving funds in different currencies, an FX margin may apply.

Typical FX Margin: From 1%

FX fees are always shown transparently before confirmation.

 

Card Transactions

 

Card Issuance

A card issuance fee of £15 applies for each newly issued physical card.

Virtual and tokenized cards are issued for free.

 

POS & Online Card Transactions

Applicable fees may apply for card-based point-of-sale (POS) and eCommerce transactions carried out using supported GBP or EUR cards.

 

ATM Withdrawals

ATM transaction fees apply when cash withdrawals are made using supported cards.

Typical ATM Withdrawal fee: From £2 per transaction and % of the notional value

 

Chargebacks & Payment Disputes

A chargeback handling fee applies for each dispute or chargeback case raised and reviewed by the Chargebacks Team, irrespective of the outcome of the claim.

Additional investigation or operational handling charges may apply where enhanced review is required.

Charged: £20 per case

 

Account Opening & Residency

An account opening fee applies to the setup of payment accounts, card accounts, or combined service accounts.

This fee is charged upon account creation and onboarding approval.

Retail Clients: Account opening is free of charge for retail clients for personal use.

Corporate Clients: For corporate partners, account opening fee start from £1000 and £400 monthly account maintenance fee is charged. Depending on client profile, fees may be amended.

 

Onboarding & Compliance

A personal onboarding fee applies for each individual Know Your Customer (KYC) onboarding process is initiated, regardless of whether the application is ultimately approved or completed.

KYC onboarding fees may be waived depending on whether account is for personal use or for an individual under a corporate account.

A business onboarding fee applies for each corporate or business Know Your Business (KYB) onboarding process initiated, regardless of the final onboarding outcome. This includes compliance verification, beneficial ownership checks, and regulatory screening procedures.

KYB onboarding fee depends on agreement terms with partner.

 

Account Risk Groups

 

Low -Risk Accounts

Accounts categorized as low risk are generally linked to regions and business sectors that demonstrate strong governance standards, effective regulatory supervision, and a comparatively low likelihood of financial misconduct. These relationships are typically viewed as presenting limited compliance or fraud-related concerns.

 

Territory Considerations:
Countries with mature financial systems, stable governments, and well-established anti-financial crime controls are commonly regarded as low-risk jurisdictions. Examples may include jurisdictions such as the United Kingdom, Canada, and the United States.

 

Business Sector Considerations:
Organizations operating within transparent and well-supervised sectors are generally considered lower risk. This may include long-established technology providers, mainstream retail enterprises, or government-affiliated bodies. Such entities often maintain predictable income streams, formal corporate structures, and traceable commercial activity.

 

Medium -Risk Accounts

Medium-risk accounts relate to jurisdictions or industries where regulatory systems are present but where certain operational, geographical, or transactional factors may increase compliance risk. These accounts ordinarily require enhanced review procedures beyond those applied to lower exposure relationships.

 

Territory Considerations:

Jurisdictions with evolving regulatory standards, emerging financial crime controls, or periodic political or economic uncertainty may fall within the moderate exposure category.

 

Business Sector Considerations:

Industries characterized by elevated transaction activity, cross-border operations, or uneven regulatory oversight may be assessed as presenting a moderate degree of risk. Examples can include online commerce businesses, selected import/export operations, and advisory or consultancy firms.

 

High-Risk Accounts

Accounts identified as high-risk are considered to carry an elevated potential for financial crime, sanctions concerns, reputational issues, or regulatory non-compliance. These relationships are subject to the most comprehensive level of due diligence, enhanced monitoring procedures, and ongoing compliance assessment. Bespoke pricing arrangements will apply to all accounts within this category.

 

Territory Considerations:
Jurisdictions associated with international sanctions regimes, heightened corruption concerns, geopolitical instability, or insufficient anti-money laundering and counter-terrorist financing controls are typically categorized as enhanced exposure jurisdictions.

 

Business Sector Considerations:

Certain sectors are recognized as inherently higher risk due to the nature of their operations, the movement of large sums of money, reliance on cash transactions, or limited regulatory transparency. This may include industries such as gambling, virtual assets and cryptocurrency services, adult entertainment, and entities involved in defense or military-related trade.

In addition, accounts involving Ultimate Beneficial Owners (“UBOs”) classified as Politically Exposed Persons (“PEPs”) will automatically be treated as enhanced exposure accounts for compliance and monitoring purposes.

 

 

Disclaimer

The fees displayed on this website represent indicative minimum fees and are provided for general informational purposes only. Final pricing may vary depending on several factors, including but not limited to the client profile, jurisdiction, transaction volume, service requirements, onboarding outcome, and applicable risk assessment and compliance classification.

All clients are subject to standard onboarding, Know Your Customer (KYC), Anti-Money Laundering (AML), sanctions screening, and ongoing compliance monitoring procedures in accordance with applicable regulatory requirements and internal policies.

We reserve the right to amend, revise, apply, or waive fees at our sole discretion where enhanced due diligence, elevated risk exposure, operational complexity, intermediary banking costs, or additional compliance requirements apply.

Certain transactions may also be subject to third-party charges, correspondent banking fees, foreign exchange spreads, or market-related adjustments outside of our direct control.

A full and final fee schedule will be communicated to the client during onboarding and/or prior to the provision of services. Continued use of our services constitutes acceptance of the applicable fee structure and terms in force at the relevant time.