Deep Dives28 min read
Why International Wire Transfers Arrive Short and How to Reduce Fee Leakage
Most money lost on cross-border payments does not disappear in one obvious charge. It leaks out in small deductions at different points along the route. The client may pay an outgoing fee at their bank. One or more correspondent banks may take a cut as the payment moves across SWIFT. Your own bank may charge to receive it. If a currency conversion happens anywhere along the way, that can add more drag. By the time the funds land, the amount credited can be lower than the amount invoiced even when the client is sure they paid in full.
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