The Forex Assessment fee is a currency conversion fee that is charged by an agent or merchant when converting funds from one currency to another. If the conversion is done through a credit card, such as Visa, Mastercard, or American Express, it is considered a network fee within the foreign transaction fee.
As Web4Realty is a US-based company, we are required by the merchant to charge a currency conversion fee for any users who are outside the US or are using credit cards issued outside the US.
This fee may apply when making purchases online from individuals or businesses located in a different country. Whenever there is a conversion between currencies, there will be associated costs. These costs, also known as cross-border transactions, include a conversion fee that is paid to the agency or organization handling the conversion process.