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
Local Bank Transfers

APIs: Transpay Stays Ahead of the Payments Curve

APIs (Application Programming Interfaces) can be tricky, but we walk you through every step of the way. Whether you’re first integrating with our API or working with us to...

Local Bank Transfers

E-Wallets: Not the Only Player in the Game

Years ago, e-wallets were frequently one of few payouts methods offered to recipients. Even today, some senders are still working under the misconception that e-wallets...

Case Study

United Nations Federal Credit Union (UNFCU)

When the United Nations Federal Credit Union (UNFCU)  wanted a better way for their members to transfer funds from their UNFCU accounts into Kenyan M-Pesa accounts, they...

Local Bank Transfers

Can Your Payouts Provider Do This?

We believe there are five essential things that every payouts provider should do for their clients. Here they are, in no particular order. Can your payouts provider do all...

Subscribe to the latest updates on Sending Payouts.

Pay by API

Automate Local Bank Transfers Worldwide

Learn More
Pay by Web

Send Local Bank Transfers Online

Learn More
Get Paid

Receive Local Bank Transfers from Your US-Based Clients

Learn More