Your buyer pays the invoice in the contract currency; only the bank details on it are the agent's. We take the agent from our pool to suit the buyer's bank and country. You receive roubles, and the conversion rate and fee are known before the buyer sends the money.
Estimate the minimum fee
The final fee and rate are fixed in the payment order
Minimum amount: 10,000 USD or equivalent
This is a minimum, not an offer or a rate lock. The final figure depends on the country, amount and the banks involved and is fixed in the payment order.
Request a quoteThe buyer changes nothing at its bank: it pays the invoice in its usual currency. The agent's details appear on the invoice and in the contract addendum. The agent converts the currency at the rate written into the payment order in advance and transfers roubles to you.
For each payment from the buyer, you receive the payment order, confirmation of the buyer's payment and the agent's report. Your accountants don't have to gather papers from different places.
The rate and fee are set in the payment order, which is signed before the buyer pays. So you know in advance how many roubles will arrive.
Most delays start in the documents, not at the bank. We settle these four things before the buyer sends any money.
The buyer needs a basis for paying the agent rather than the seller. This is an addendum or a letter on payment through an agent. We'll send you a ready text.
Currency, amount, and the contract number and date in the purpose of payment. If the purpose of payment does not match the contract, the buyer's bank will have questions.
Before signing, we check the buyer, its country and the goods. If they fail our checks, we tell you at once, not after payment.
If your contract is registered with a bank, the receipt through the agent is recorded against it. We'll advise what to submit to the bank.
A foreign buyer rarely pays everything in one transfer. The agreement with the agent is signed once, and a separate payment order is issued for each payment.
before shipment, against an advance invoice under the contract
Payment order 1: rate and fee for this paymentonce the goods are shipped or accepted, against the invoice and transport papers
Payment order 2: rate and fee for this paymentportions under specifications, each with its own payment order
Payment order 3: rate and fee for this paymentPayment for exported services is received the same way: development, software licenses, consulting, where the contract describes the work and the basis for payment.
We do not take on transfers from private individuals or payments without a foreign trade contract. If the buyer, country or goods fail our checks, you will know before the agreement is signed.
There are three options. They differ in what happens to the buyer's money when one of the channels stops working.
The shortest route on paper. But the buyer's bank may refuse to send money to Russia, and an intermediary bank may stop it for review.
Works as long as the buyer's bank transfers money to this agent. If the channel closes, the payment stalls, and there is no other agent to choose.
For each receipt we take an agent that the buyer's bank pays now, and compare the terms. The rate and fee are set in a payment order signed before payment.
On large contracts, the buyer sometimes offers a letter of credit. Not every bank opens one for deals with Russia, and arranging it takes time, so payment to an agent is chosen more often.
from 0.4%
minimum fee for receiving payment
The fee depends on the currency, the buyer's country and bank, the amount and the agent. For payment in installments, we fix the terms in each payment order separately, so the price of each portion is visible in advance. You don't pay the broker separately: VEDmost's fee is paid by the executing agent.
Send us the agent's terms or the latest payment order. We'll compare the full price, including the exchange rate and fixed charges, with what our pool offers now, and look for a lower rate. If we can't find one, we'll say so.
Yes, in the currency stated in the contract. We select the agent for that currency and the buyer's country. If there is no route for that currency right now, we'll tell you before any documents are signed.
Yes. The agent's details are on the invoice and in the contract addendum. For the buyer, it is an ordinary invoice payment.
That payment is made to the agent's account, who the agent is, and that such a payment counts as performance of the buyer's obligation. We'll send you the text; you agree the language with the buyer.
Yes, if the contract provides for one. The advance and the payment after delivery go under separate payment orders, each with its own rate and fee.
We'll let you know when the currency reaches the agent. After the roubles are credited, we'll send you the agent's report and confirmation of the buyer's payment.
Yes, with Russian companies and sole proprietors that have a foreign trade contract. We do not work with private individuals.
Describe the deal: the buyer's country, currency and amount. 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 the buyer pays.