> ## Documentation Index
> Fetch the complete documentation index at: https://docs.conduit.financial/llms.txt
> Use this file to discover all available pages before exploring further.

# Pricing

> This guide explains how pricing works in quotes, including exchange rates, spreads, and fee calculations.

## **What is Pricing?**

When you exchange one currency or asset for another (like converting USD to USDT), the price you pay isn't always the same as the market rate. **Pricing** refers to how the exchange rate is calculated and what fees or margins are applied to your transaction.

The quote response includes a `pricing` object that returns all the values applied to the quote, including exchange rates, spreads, and fee calculations at the client level. This provides complete transparency into how pricing is calculated.

## **Exchange Rates and Spreads**

### **Exchange Rate**

The exchange rate determines how much of one currency you'll receive for another. For example, a rate of 1.00 means exchanging 100 USD gives you 100 units worth of the target currency.

### **Spread**

A **spread** is the difference between the rate you pay and the market rate, expressed as a percentage or in **basis points** (bps).

**Basis Points:**

* 1 basis point (bp) = 0.01%
* 100 basis points = 1%
* 50 basis points = 0.5%

**Example:** A 50 bps spread on a \$1,000 transaction:

* Spread = 0.5% of \$1,000 = \$5
* Customer receives: \$995 (or equivalent in target currency)
* Your revenue: \$5

## **Pricing Structure**

The quote response includes a `pricing` object with the `client` section.

### **Client Pricing**

The `client` section provides pricing information at the client level:

| Field              | Description                                                  |
| ------------------ | ------------------------------------------------------------ |
| `effectiveRate`    | The exchange rate applied to the client for this transaction |
| `spreadBps`        | The spread (in basis points) applied to the transaction      |
| `pricingModel`     | The pricing model used (e.g., `take_rate`)                   |
| `calculatedAmount` | The calculated amount based on the client's pricing          |

This information helps you understand the base pricing structure and costs at your client level.

## **Pricing Models**

Conduit supports the following pricing model:

### **Take Rate** (`take_rate`)

Used at the client level. Conduit takes a percentage of the transaction as a fee. This is your cost of using the platform.

For full request and response details, see the [API Reference](/api-reference/quotes/create-a-quote).

## Support

Reach out to our [support team](https://support.conduitpay.com/) to get help and share your feedback.