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.

 

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