Step-by-Step Guide to Sending and Receiving International Payments
Last updated November 23, 2023
In a global economy, the ability to send and receive payments internationally is crucial for businesses and individuals alike. This guide provides a clear, step-by-step process for handling international payments, ensuring that your transactions are smooth, efficient, and secure.
The Process Simplified: Sending and Receiving Payments Internationally Understanding the process of international payments can remove much of the apprehension associated with it. Here’s how you can manage these transactions effortlessly:
- Setting Up Your SALT Account:
- Registration: Begin by registering an account with SALT. Provide necessary personal or business details as required.
- Verification: Complete the KYC process for account verification to ensure secure and compliant transactions.
- Initiating a Payment:
- Enter Recipient Details: Input the recipient’s banking details, including account number, SWIFT/BIC codes, and bank name.
- Specify Amount and Currency: Choose the amount you wish to send and the currency for the transaction.
- Currency Conversion:
- View Conversion Rates: Check the real-time currency conversion rates offered by SALT.
- Confirm Conversion: Approve the currency conversion, ensuring you understand any fees or rates applied.
- Confirming and Sending the Payment:
- Review Transaction Details: Double-check all the details of your transaction for accuracy.
- Send Payment: Authorize the transaction. SALT will process the payment, ensuring timely and secure transfer.
- Receiving an International Payment:
- Provide Your Account Details: Share your SALT account details with the sender.
- Track the Payment: Use SALT’s dashboard to monitor the incoming payment status.
- Transaction Completion:
- Notification of Receipt: Receive a notification once the payment has been deposited into your account.
- Access Funds: Funds are now available in your account and can be used or withdrawn as needed.
Conclusion: Sending and receiving international payments need not be a complex process. With SALT, you can manage these transactions with ease, backed by secure, fast, and transparent services. Whether you’re a business or an individual, these steps can guide you through your global financial transactions.