With cross-border payouts, both senders and recipients are often at the mercy of excessive and hidden costs, including high transfer fees, hidden correspondent banking fees, volatile foreign exchange rates, or hidden markups. A lot goes on behind the scenes during the transfer of funds, which means it’s not always easy to determine costs upfront.

Transpay's Payouts in Pictures is a series of articles that provides tips and perspectives to help make navigating the world of cross-border payouts more simple and approachable.

In this article, Do You Know the Real Cost of Your Cross-Border Payouts, you will learn how to avoid hidden fees by knowing what happens behind-the-scenes when sending cross-border payouts, including typical fees senders and recipients incur, and some great tips for handling the pricing discussion with your global payout specialist.

READ ARTICLE

Article Categories:
Related articles
Why Transpay

Diagnosing Common Recipient Complaints and How Local Bank Transfers Can Solve Them

As U.S. marketplaces grow, they are attracting increasing numbers of international sellers and freelancers. These sellers and freelancers earn an income from participating...

Payout Network

What U.S. Businesses Need to Know About Paying Recipients in Kenya

Kenya, home of vast savannahs and incredible wildlife from giraffes to elephants, is also the home of M-Pesa, the world’s leading mobile money service. M-Pesa combines...

Local Bank Transfers

How Local Bank Transfers Can Protect Your Business from Disintermediation

Whether it’s Uber, Etsy or Upwork, online marketplaces provide businesses and freelancers with platforms to buy and sell services and goods. These direct-to-consumer...

Payout Network

What U.S. Businesses Need to Know About Paying Recipients in Pakistan

Subscribe to the latest updates on Sending Payouts.