The effective charge comes out to be 1.5% (ACH or wire transfer) or 4% (Debit and Credit card) including taxes. Also, due to differences in exchange rates, all international transactions face some forex loss - no matter which payment solution you use. At Refrens, we try to ensure that you get the best forex rates possible.
Let's say, You receive a Payment of $100 on 22nd November.
Assuming that your client paid via ACH or wire transfer, then we charge 1.5% which includes taxes as well.
The amount charged by Refrens = 1.5% * 100 USD = 1.5 USD
Your gross amount after the 1.5% fee is deducted = 100 - 1.5 = 98.5 USD
At that point in time, USD to INR conversion rate was about USD 1 = 81.66 INR (The exchange rate that you see on Google). And the exchange rate offered by Refrens at that time was about USD 1 = 80.82 INR
The final amount you will receive = 98.5 * 80.82 = 7960.77 INR