Navigating cross-border payments has never been easier! Discover everything you need to know about making international transactions on the Cashflow.io platform.
Before making a cross border transaction, review the following information about the interface and overview of this section of the Cashflow.io platform. Once you've understood the available options, follow this link to create a cross border payment.
Exchange Rate
The box in the top right corner of the screen will follow you as you scroll, displaying the current exchange rate along with a timer indicating the time remaining until a new rate is secured. The box will become red when the timer is nearing the end. Once the timer expires, a pop-up window will appear informing you that the rate has expired. You can then select "Get New Rate" to secure a new exchange rate and continue the transaction.
The refresh icon can also be pressed before the timer ends to manually secure a new exchanged rate.
NOTE: There are no additional sending fees for cross border payments. You only need to accept the exchange rate to complete the payment.
Funding Account
The funding account selected will be the account used to withdraw the payment being sent. The four last digits of the bank account will also be displayed here to prevent any errors.
Payment Method
Two payment methods are available for cross-border payments. The first is manual input, where the beneficiary's banking details must be entered. If this information is not available, a secure payment link can be sent to the contact to accept the payment. You can switch between these methods by pressing either side of the large toggle.
SWIFT/BIC Finder
Use our SWIFT/BIC code finder to quickly and accurately populate the fields required to manually enter the recipient's banking information. Once the finder is opened, you will be prompted to select the country, enter the bank's name, and select the city of the branch.
