A rate card, in payments and foreign exchange, is the document or table in which a provider sets out the prices a client will pay. For a currency or cross-border payments provider it lists the margin added to the mid-market rate for each currency pair, the fixed fee per payment and any charges that differ by payment corridor or delivery method. For a card acquirer it lists processing fees by card type and region.
Rate cards are usually tiered, so that the FX markup or fee falls as monthly volume rises. They are attached to the commercial agreement and can normally be changed by the provider on notice. A client comparing providers should check whether the card shows all-in costs, including correspondent bank deductions and minimum monthly fees, since a low headline margin can be offset by charges listed elsewhere.