What foreign exchange fees are charged with WooCommerce Payments?

To determine the exchange rate for a transaction, WooCommerce Payments determines the mid-market foreign rate and adds an additional 1% to that rate. It then applies that to the charge amount to determine the equivalent amount in the deposit currency.

Because the fee is built into the exchange rate, the timeline view on the transaction details screen does not include the currency conversion fee in the fees breakdown. Instead, it is factored into the exchange rate displayed on this screen. 

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