The essence of the transaction for payment to foreign suppliers: an international transfer is split into two. Both are domestic, each in its own country and currency. Both transfers are linked by Way to Pay agents who have accounts in both countries.
The Way to Pay commission is 2% or more, depending on the amount transferred to the foreign currency account.
Why do we succeed? We use a netting scheme to transfer payments abroad. The buyer's money does not leave Russia, but the foreign supplier or seller still receives it. For example, you buy a product in China. We pay your counterparty in the required currency, using funds from our previous transactions. And you transfer rubles to us in Russia. For transfers to China from Russia, WAY TO PAY works with both exports and imports. It clears currency from transactions with exporters abroad and transfers rubles received from transactions with importers in Russia. Banks in Russia and China see only domestic transfers or payments to friendly countries. There is nothing unusual or illegal about them, and banks can easily conduct them. The foreign part of the transaction cannot be linked to Russia and the ruble - there is no trace that the money went to Russia. |
Warranty For overseas transfers, we use two instruments that guarantee the security of the transaction - escrow account and letter of credit. You bear the costs of servicing such accounts, but the money from our agent will come to you before we receive it from your foreign customer. We work only under a formal contract, in which the guarantees of all parties are fixed. Before the transaction, we will provide our details for verification by the customer and the customer's bank/ Escrow account A special account into which the buyer transfers money and which is automatically transferred to the seller after the transaction is confirmed. Letter of credit Transfer of money to a separate account, which the seller can access only when he fulfills certain conditions specified in the documents. |