How we quote rates
BOF Pay shows you the mid-market rate, the rate that interbank traders actually use, and a clearly separated fee on top. No hidden spread baked into the rate, no surprise difference between the quoted rate and the executed rate. What you see at quote is what you pay at execution.
Rate lock and live quotes
For every conversion, BOF Pay quotes a rate that is locked for a defined window, typically 30 seconds to a few minutes depending on the currency pair and amount. If you accept within the window, that is the rate you get. If the window expires, you simply request a fresh quote. No bait and switch.
Supported currencies
BOF Pay supports more than 40 currencies for conversion and payment, covering all major and most emerging market pairs. Major pairs (USD, EUR, GBP, JPY, CAD, AUD, CHF, SGD, HKD, NZD) settle near-instantly during market hours. Emerging market pairs settle the same day or next business day depending on the corridor.
Tools for treasury
Bulk conversion
Convert large amounts across multiple currencies at once, with consolidated reporting for accounting and audit.
Limit orders
Set a target rate and execute automatically when the market reaches it. Useful for treasury and rebalancing.
Rate alerts
Get notified when a currency pair hits a level you care about, so you can decide whether to convert.
Scheduled conversions
Automate recurring conversions on the dates and amounts you specify, ideal for international payroll or subscriptions.
API access
Every FX operation available in the BOF Pay app is also available through the API. Build automated treasury workflows, plug conversions into your accounting system, or embed BOF Pay FX into your own product. Documentation and authentication details are provided on developer onboarding.
Transparent pricing
Our FX fee is a clearly stated percentage that depends on the pair and the volume of activity on your account. There are no minimum fees, no monthly platform fees for conversion access, and no exit fees. For high-volume customers, custom pricing is available. Contact info@bofpay.ai to discuss.
Currency risk
Foreign exchange is inherently a risk-bearing activity. Rates move, and holding balances in foreign currencies can result in loss of value when measured in your home currency. BOF Pay provides the tools to manage this exposure but does not provide investment, hedging, or financial advice. Customers should consider their own treasury policy and consult qualified professionals where appropriate.