Simple, usage-based pricing.

What is a conversion

Pathway bills by conversions. A conversion is a unit of processing work.

When you upload a document, Pathway reads every page, extracts structured data, and produces clean output. The number of conversions a document consumes depends on two things: how much data the platform reads in, and how much structured output it produces.

Documents with more pages, more transactions, and more accounts require more processing to read. Documents that produce more extracted fields require more processing to write. Conversions reflect both sides of that equation.

The baseline. One month of bank statements from a single account with up to 100 transactions consumes approximately one conversion. That is the simplest reference point for understanding the unit.

How conversions scale

Conversions scale proportionally with the work involved. A document with three times the data will consume roughly three times the conversions.

But not all documents are equal. A bank statement is dense. Every page contains transactions, balances, and account metadata that all need to be extracted, categorized, and structured. Bank statements produce a high volume of output per page, so they consume more conversions per page than other document types.

A tax return like a 1040 is different. It might be 10 or 15 pages, but the extracted output is a fixed set of fields: adjusted gross income, filing status, Schedule C figures, specific line items. The platform reads every page, but the structured output is compact relative to the page count. A 15-page 1040 will use significantly fewer conversions than a 15-page bank statement.

Loan applications follow the same pattern. The platform extracts borrower information, requested amounts, and business details. The input can span many pages, but the output is a defined set of fields. Fewer extracted fields means fewer conversions.

Credit reports sit somewhere in between. A single-bureau personal report extracts a moderate number of fields. A tri-merge business credit report with dozens of tradelines, public records, and inquiry histories produces more output and consumes more conversions accordingly.

The principle is consistent across every document type Pathway supports. Conversions measure the total work performed: pages read in, fields extracted out.

Supported document types

Every document type uses the same conversion unit. The table below summarizes what Pathway extracts from each type and how conversion usage scales relative to the document.

Variance and predictability

Pathway uses artificial intelligence models to parse documents. Beyond extraction, the platform performs additional processing that depends on the content of each file: canonicalization of merchant names and entity fields, transaction categorization, web research on businesses and principals, tampering detection, and multi-account reconciliation. These steps are powered by large language models, which means they are not perfectly deterministic. Two identical runs of the same document may consume slightly different numbers of conversions, because the models can take different paths through the analysis depending on how they reason about ambiguous formatting, entity resolution, or field boundaries.

In practice, this variance is small. Across thousands of parse jobs, we observe less than 3% deviation from the expected conversion cost for a given document. A document that costs 5 conversions today will cost between 4.85 and 5.15 on a subsequent run. Over any meaningful volume of documents, these fluctuations average out.

The system is predictable at the level that matters for planning. A customer processing a consistent mix of documents month over month will see stable, repeatable conversion usage. Your dashboard shows the exact conversion cost of every parse job, broken down by document, so you always have full visibility into where your conversions are going.

Your plan

Every plan includes a monthly pool of conversions. When you parse a document, conversions are deducted from your balance. You can see your current usage at any time from your dashboard.

Your cost per conversion is fixed by your plan and does not change based on document type or time of month. There are no variable rates, no per-seat charges, and no surcharges. Your monthly spend is capped by your plan.

If you approach your limit, you will be notified. You can upgrade at any time. Unused conversions do not roll over.