The platform offers an automated, end-to-end payment process. You can send funds to customers in 27+ currencies across 180+ countries. We take care of all the banking integration, compliance and payment requirements on your behalf.

The first step is to create a beneficiary by providing information such as the company or person name, their country of residence and their bank account details. You can make payments to any registered beneficiary.

Payment types

The payment rail for your payment will depend on the payment type - SWIFT or local.

SWIFT (priority) payments

SWIFT is the fastest way to make international payments, settling at T+0 or T+1. The payments are in the payee’s name. There is a charge for SWIFT transactions as the payment is transferred between intermediary banks. Each intermediary bank is likely to charge a handling fee or commission for their service.

You can choose how you want to deal with these charges. The options are:

• Shared (SHA): intermediary bank charges are deducted from the payment amount. The beneficiary may therefore receive less than the amount sent.
• Ours (OUR): intermediary bank charges are covered by the payer. The beneficiary receives the full amount but the payer will be charged an additional fee to cover the intermediary bank charges.

Further information on Charge Types can be found here.

Local (regular) payments

Local payments are domestic or SEPA payments. There are no fees for local payments and so the beneficiary receives the full amount. Payments settle at T+0 to T+2.

Currency guides

Our payment timelines document gives an overview of the timescales involved for each currency across payment types. For more detailed information, our payment guides provide specific information for each currency that we support.