Fees incurred during the payout process

When engaging in international transactions, it's crucial to be aware of the various fees that can be incurred. These fees can affect the final amount received from an invoice due to charges by intermediary or receiving banks. These fees serve various purposes, such as processing, risk management, regulatory compliance, and market practice.

GetYourGuide covers all fees related to issuing transactions. Your responsibility is limited to covering processing and receiving fees.

For more details on these fees, please contact your bank.

Types of Fees in International Transactions

Currency Conversion Fees: When a transaction involves converting currency, banks or financial institutions often charge a fee for this service. The fee can be a percentage of the transaction or a fixed amount.

Service Charges by Banks: Both the sending and receiving banks may impose service charges for handling international transactions. These charges vary depending on the banks and the countries involved.

Intermediary Bank Fees: Sometimes, transactions are routed through intermediary banks, which may deduct their fees, reducing the final amount received.

SWIFT or Wire Transfer Fees: For secure transfers of funds across borders, banks use systems like SWIFT, which can involve additional fees.

Articles in this section