How to charge fees for SWIFT outgoing transfers?

You can charge fees for SWIFT outgoing transfers using the transfers feature combined with our powerful financial orchestration capabilities and our built-in Currencycloud banking integration or any accounts provider of your choice. With our financial orchestration, there’s no need to build in-house the logic required to charge fees based on custom parameters such as scheme type, transaction volume and more.

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What you get
Technical Advantages
  • Give clients the ability to send and receive money with the payment rails they know and trust
  • Reduce transaction costs and settle funds faster by connecting to multiple payment networks with our Fintech infrastructure
  • Easily connect to multiple payment rails such as Faster Payments, SEPA, SEPA Instant, ACH, and more through our extensive network of pre-integrated partners
    • Client pricing plan management
    • Product and services pricing management including, incoming and outgoing transfers, foreign exchange and card transactions
    • Plug-in any payment provider
    • Plug-in any account provider
    • Unlimited bank accounts and house accounts
    • Highly secure, agnostic and fully redundant infrastructure platform
    • Best-in-class back office portal for your finance and ops teams
    • No need to build a complex business logic to manage transfers lifecycle actions such as hold, accept, reject, release and complete outbound transfers
    • Access a standardised API layer to connect to any transfer schemes such as SWIFT, SEPA, Faster Payments and more
    • No need to build the logic required to charge fees based on different parameters such as scheme type, transactions volume and more
    • Utilise pre-built funds sweeping logic required to segregate fees from client money
    • Leverage a pre-built, flexible ledger system to accurately record transfer movements and their impact on account balances
      • No need to build a complex pricing module to offer customised pricing options for your clients
      • Utilise a best-in-class back office portal to easily manage, perform and control different client pricing plans
      • Connect any bank account provider to our ledger system via our APIs and / or back office
      • Utilise a best-in-class back office portal to easily manage, perform and control incoming, outgoing and FX transactions across multiple client accounts
      • Access Integrated Finance's compliance, cards and transfers infrastructure without the need for any additional integrations
      • Reduced total cost of ownership across direct, indirect and opportunity development costs
      • Reduced risks associated with software security and regulatory compliance
      • Faster time to market
      • Utilise a variety of webhooks to action multiple workflows to build your Fintech product