International payment protection
Below are the protection layers that apply to every deal or are added on request. Each one is written into the deal documents.
- 3 business days
- execution period under the agency agreement
Escrow on request
If you need a guarantee, the payment goes through a special escrow account at a Russian bank; such accounts are already open. The roubles leave your account for the escrow account and wait there until the agent sends the currency to the beneficiary. They are released upon execution, confirmed by a payment document, and until then they do not leave Russia.
The escrow scheme carries an additional fee, shown in the quote before the agreement. Clients who work with us regularly usually pay under the usual scheme: they transfer roubles to a network company under the agency agreement, which sets the execution period.
- Roubles in escrowa special account at a Russian bank
- The agent sent the currencythere is a payment confirmation
- Escrow is closedin the agent's favour, only after execution
Sub-agent only with your consent
Some beneficiary banks accept payments only from specific payers. In that case the agent engages a sub-agent, but only with your consent.
Your agreement with the agent does not change, and the agent remains liable to you.
Surety on request
For some agents in our network a large exporter acts as guarantor. This is usually needed for large volumes: if it matters for your deal, we pick an agent with a surety. The terms are fixed in the deal documents.
We do not disclose the guarantor's name.
Execution period
The agent executes the payment within 3 business days: the period is written into the agency agreement. For supplier payments it runs from the moment the payment order is signed and the roubles are sent; for exporters, from the moment the currency reaches the agent.
What we do not promise
- A fixed exchange rate on the website. The rate is fixed in the payment order.
- Timing in hours. Timing is set in business days and only as written in the agency agreement.
- Taking on any payment. If no lawful route can be built, we decline before the transfer.
Request a quote
Describe the payment. We'll reply with a proposed route and terms. We name the agent in advance, and the rate and fee go into the payment order before your roubles are debited.