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How does Horizons handle currency conversion or foreign exchange rates?
Modified on: Thu, 16 Apr, 2026 at 7:47 PM
Horizons is committed to offering efficient and cost-effective global payroll services. When you fund your global team in your chosen currency, we handle the process of converting and paying employees or contractors in their local currency.
What exchange rate will I receive on my invoice?
As exchange rates fluctuate daily, we aim to provide a transparent and predictable billing experience.
Clients are invoiced once per month, regardless of market movements. Remote People assumes the foreign exchange (FX) risk, meaning clients are not exposed to unexpected costs due to currency fluctuations.
The FX rate applied to your invoice is based on an average over the billing period, helping smooth out short-term volatility and ensuring consistency.
To determine this rate, we may use a combination of spot, forward, or other hedging instruments, allowing us to secure competitive and stable pricing for our clients.
Where is the exchange rate coming from?
We collaborate with leading global banks and payment processors to provide you with market-leading exchange rates. In line with our commitment to transparency, the final FX rate applied will be stated on your monthly invoice.
What fees will be applied to my invoice payment?
Bank/Wire Transfer: You are responsible for fees associated with the wire transfer, and Horizons should receive the full invoice amount. Please ensure to select "sender pays all charges" or "OUR".
Credit/Debit Card: A 4% processing charge applies.
Direct Debit (SEPA or ACH): We are actively exploring a variety of payment methods beyond the traditional options and will share the fee structure as these services become available.
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