A bank makes the payment itself. A payment agent makes it through its own channel. A broker keeps its own network of executing companies: for your payment it selects the one whose route works now and compares the terms. The rate and fee go into the payment order before the roubles are debited. You don't pay us separately: the broker's fee is paid by the executing agent.
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Two questions, an answer right away
We'll compare your rate
Send your agent's latest report. We'll work out the all-in cost with the FX markup and fees and look for a lower one in our network. Free of charge.
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Send the payment order or statement for your last payment. We'll work out the all-in cost with the bank's rate and fees and look for a lower one in our network. Free of charge.
Compare my ratePrice before signing
Tell us the country, currency and amount. We'll show the minimum fee and write the final figure into the payment order before your roubles are debited.
Request a quoteStart with a review
Send the invoice and the beneficiary's details. We'll reply with a route and terms before anything is signed. Free of charge.
Send a payment for review3 business days
That is the period in the agency agreement. For your payment we take the network company whose route works on the payment date.
Request a quoteWe'll check before the first payment
Send the invoice and the beneficiary's details. We'll check the route and the beneficiary's bank and pick a network company for which this route works. If there is no lawful way, we'll say so before the deal.
Send a payment for reviewAnother route
We'll find out why the payment was returned and pick a network company with a working route. If there is no lawful way, we'll say so before the deal.
Review my paymentCompare for free
If everything works, there is nothing to change. But you can still compare: if there is nothing cheaper in the network, we'll say so.
Compare my rateA payment is made either by a bank or by an agent. A broker does not make the payment: it chooses which agent will make yours.
The bank transfers the money itself, under its own rules and on its own routes. This works if your bank sends the required currency to the beneficiary's country and the beneficiary's bank accepts the payment.
The agent pays the beneficiary under an agency agreement with you. It has its own routes and terms. If its channel closes, the payment waits, and there is nothing to compare the terms with.
Here too, an agent pays, again under an agency agreement with you. But the broker chooses the agent: it checks whose route works on the payment date and compares the terms.
A broker replaces neither the bank nor the agent. Your bank still keeps your account and handles currency control, and the agent makes the payment.
In a deal through a broker, everyone has a role. All roles are set out in the documents before the roubles are debited.
A company or sole proprietor in Russia with a payment under a foreign trade contract. You sign the agency agreement and the payment order and transfer roubles from your account.
Debits the roubles under the agency agreement and handles currency control for the contract. We prepare the document set for it.
Makes the foreign currency payment under the agency agreement with you. It is responsible to you for executing the payment order: beneficiary, amount, rate, fee and the timing set in the agency agreement.
Selects the agent and the route, prepares the agency agreement, the payment order and the documents, and monitors execution until the payment is confirmed. It is not a party to the payment.
Needed only if the beneficiary's bank accepts payment from a specific payer only. The agent engages a sub-agent only with your consent.
The roubles leave your account at a Russian bank for an agent from our pool under the agency agreement, and the agent sends the currency to the beneficiary. On request, the roubles wait for execution in a special escrow account. VEDmost oversees the deal: it selects the agent, prepares the documents and monitors execution.
You pay the agent's fee. We write it and the exchange rate into the payment order for each payment before the roubles are debited. There is no separate line for the broker in your cost breakdown: the broker's fee is paid by the executing agent.
The broker brings the agent vetted clients and ready deals: documents prepared, terms agreed. That is what the agent pays us for.
We do not sell one agent's channel. For your payment, we compare the companies of our own network with one another: whose route works on the payment date, what the all-in cost is, whether your bank will accept the documents. You see the terms in the payment order before the debit and can compare them with any other offer.
An agent that breaks deadlines or terms may lose its place in the network. So it is in the agent's interest to execute your payment orders exactly as written.
The execution timing is written in the agency agreement, and the rate and fee in the payment order. On request, the roubles wait for execution in a special escrow account at a Russian bank, for an additional fee. Details are on the Payment protection page.
If there is no lawful route for the payment, we say so before the deal and take no money.
Each layer is written into the deal documents.
If you need a guarantee, the payment goes through a special escrow account at a Russian bank: the roubles wait there until the agent sends the currency to the beneficiary and are released only upon execution. This scheme carries an additional fee, shown in the quote before the agreement.
The agent executes the payment within 3 business days: the period is written into the agency agreement.
If the beneficiary's bank accepts payment only from a specific payer, the agent engages a sub-agent. Only with your consent. Your agency agreement does not change.
For large volumes, on request, we assign an agent backed by a large exporter's surety; some companies in our network have one. It can be combined with escrow.
Each route works well in its own conditions. Choose by the payment, not by habit.
If your bank sends the required currency to the beneficiary's country and the beneficiary's bank accepts the payment, pay through your bank. No intermediary is needed for such a deal.
If its route works reliably and the all-in cost, with the FX markup and fixed charges, suits you. You can check that cost with us free of charge.
If your payments go to different countries and in different currencies, if a route has closed or a payment was returned, or if you want to compare agents with one another. You don't pay the broker separately.
Send us the invoice and the beneficiary's details. We will review the payment and tell you which route fits. If paying through your bank works out cheaper, we will say so.
No. We are not a party to the payment. A company of our network makes the payment under an agency agreement with you; we select it for your payment, prepare the documents and see the payment through to execution.
Nothing separately for you. The broker's fee is paid by the executing agent. You pay the agent's fee; we write it and the rate into the payment order before the roubles are debited.
We choose the agent based on your payment: whether the route works, what the all-in cost is, whether your bank will accept the documents. You see the terms in the payment order before the debit and can compare them with any offer.
Only with the company of our network that executes the payment: an agency agreement that sets the execution timing. For each payment, a payment order with the rate and fee. We select the company and prepare these documents; you sign no agreement with VEDmost. You know who executes it before you pay.
A bank makes the payment itself. A broker selects an agent from its pool for a specific payment and puts the deal together. We do not open accounts and do not provide loans or deferred payment.
On request, the roubles wait in a special escrow account and go to the agent only after the currency has been sent to the beneficiary. The execution period is 3 business days, as written in the agency agreement. The procedure for a missed deadline is also set out in the agency agreement.
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.