International wire transfer

Discussion in 'Payment Processing' started by techie, Jan 28, 2011.

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  1. #1
    How does International wire transfer takes place?

    What are the charges for receiving person?
     
    techie, Jan 28, 2011 IP
  2. thewizardhunter

    thewizardhunter Peon

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    #2
    You'll have to contact you bank if you are sending an international payment and they'll mainly do the rest for you. Charges vary from bank to bank depending on amount. To receive you'll need to supply the third party with your IBAN & SWIFT number again obtained by contacting your bank. Monies should be credited to your or third party account within 7 working days.
     
    thewizardhunter, Jan 28, 2011 IP
  3. techie

    techie Active Member

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    #3
    Do I need to pay charges for receiving money?
     
    techie, Jan 28, 2011 IP
  4. tyscn

    tyscn Guest

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    #4
    depends on how many middle bank to be used and how is your payer mindset(willing to pay for the bank charge or not)
     
    tyscn, Jan 28, 2011 IP
  5. techie

    techie Active Member

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    #5
    you mean only one party pays the charges?
     
    techie, Jan 29, 2011 IP