EXAMPLE QUOTE AWith FX markup
Fee + FX markup
$
FX markup2.0%
$
Annual provider charges$119,760
EOR COST INTELLIGENCE
The fee is only
part of the price.
Compare employer-of-record fees with the cost of FX.
See what a currency markup means for your business.
01 / UNDERSTAND THE COST
Small rate. Big money.
Use the amount subject to markup, at the reference rate. Include employer costs if your provider converts them.
0%2.5%5%
Choose a rate to explore. This is an illustration, not a provider quote or market average.
Your annual FX markup cost
$24,000
On top of your EOR service fees.
Every month$2,000
Over three years*$72,000
*At the same payroll volume and markup.
Enter a valid payroll amount between 0 and 1 billion.
No sign-up. No provider assumptions. See the calculation ↗
02 / LOOK BEYOND THE MONTHLY FEE
A lower fee can
mean a bigger bill.
Compare the service fee and the cost of converting payroll together. Change these example quotes to see when the result flips.
EXAMPLE QUOTE BZero markup
Fee + zero FX markup
$
FX markup0.0%
$
Annual provider charges$107,760
Quote B costs $12,000 less per year. Even with a higher monthly fee.
Enter a whole employee count and non-negative fees within the allowed limits.
Illustrative quotes, not named providers. Includes the fees entered and FX markup only; excludes salary, employer contributions, refundable deposits and any unentered charges. Changing currency relabels inputs; it does not fetch exchange rates.
Compare two full quotes and find the break-even point →
03 / ASK BEFORE YOU SIGN
Make the rate
part of the brief.
A clear FX policy should answer these questions. Ask every shortlisted provider for the same detail, in writing.
Build your FX transparency RFP01What rate do you use?
Ask for the reference source, the currency pair, the time the rate is fixed and whether it is a spot or forward rate. “Competitive exchange rates” is not enough to calculate a cost.
02What do you add to it?
Ask for the exact markup or a contractual maximum, and what amount it applies to: salary, employer contributions, benefits or service fees. List payment charges separately.
03Can I reconcile the invoice?
Request a redacted invoice showing the original local-currency amount, the conversion rate and the billed amount. Match the reference rate's date, time and settlement basis before comparing.
04Will you put it in the contract?
Request the proposed wording covering the reference rate, markup, any cap and when terms can change. Also ask which currency combinations and payment methods the commitment covers.
THE BUYER LIBRARY
Make the cost clear.
An EOR currency markup is a charge on the amount converted, separate from the headline service fee. On $100,000 of monthly converted payroll, a 2% markup adds $24,000 a year. This is an illustrative calculation, not a market rate.
All buyer guides →THE NEXT STEP
A better comparison
starts with a better brief.
Build a focused request that puts FX costs on the table.
Build your RFP Free to use. Yours to send.