Least-cost routing

Least-cost routing is choosing the cheapest suitable way to move each payment. The same transfer can go over a local scheme, SEPA, SWIFT or a card network — each with different fees, FX spreads and speed — and routing picks the option that costs the least for what you need.

How it works

• For each payout, compare the available rails and their real all-in cost.
• Factor in the FX spread, flat fees and how fast it has to arrive.
• Send it on whichever rail wins that trade-off — automatically, per transaction.

The key is that “cheapest” isn’t fixed: it changes with corridor, currency, amount and urgency, so the decision is made per payment, not set once.

Why it matters

Moving money almost always involves several players — processors, banks, FX providers — and their costs are hard to see in advance. Without routing, you often can’t even tell what a transfer truly cost until after it’s gone. That invisible spread is where margin leaks.

How Fynex does it

Fynex routes every payout to the lowest-cost rail across local methods, SEPA and SWIFT — and its agents check how best to move each one — so you keep the margin that spreads and flat fees would otherwise take. See payouts and where your business is losing money.