Paying a supplier
You have agreed the purchase and the supplier is in another market. The question is which route can carry the payment to their bank, in a currency they can receive, with documentation their side will accept.
Cross-border payments
A payment is only useful
if it can be made.
Paying an overseas supplier starts with knowing how the funds will reach them. We review the parties, currencies and destination to establish the available payment route and what is needed to use it.
Most of the work happens before the first transfer, in deciding which route exists for your transaction and what it will ask of everyone involved.
Settling a contract
A contract sets out instalments, or a balance due on delivery. The payment arrangement has to match those milestones rather than run alongside them.
Receiving from abroad
A buyer in another jurisdiction needs to pay you. The route is chosen around what they can send and what you are able to receive and account for.
What has to be established
Five things decide whether a payment route is available, how long it takes to arrange and what it costs. We work through them with you at the start rather than discovering them in the middle.
- 01Parties
Who is paying, and who is being paid
The legal entities on both sides, their ownership and the relationship between them and the trade.
- 02Geography
The countries involved
Where the money leaves from, where it arrives, and anything the route has to pass through.
- 03Currency
What is sent and what is received
The currency on each side, and whether a conversion is part of the arrangement.
- 04Purpose
What the payment is for
The underlying trade, the contract behind it and the documents that evidence both.
- 05Route
The arrangement that can carry it
Established against the four above, together with the provider who will execute it.
Who does
what.
You
Describe the transaction, provide the company information and the contract documentation, and confirm the instructions before anything is sent.
HAN & WOLF
Review the requirement, establish which route is available, prepare what the provider will ask for, and stay with the payment until it has arrived and been accounted for.
The provider
The regulated institution that executes the payment. The account relationship, the checks it runs and the final decision to process belong to it.
Following it without chasing it.
The contract, the instruction and the confirmations stay attached to the transaction in WOLF DIGITAL, with whatever is still outstanding written next to them. You see the same record your contact is working from.
Transaction
Industrial materials · 2,000 t
BSBuyer and supplier, coordinated by HAN & WOLF
Funded50%complete
- PDFSale contractThe agreement the transaction is written against.On file
- PDFPacking listIssued at loading, against the agreed quantity.On file
- PDFInspection reportReports the grade and moisture measured at loading.Awaited
- PDFTransport documentIssued when the cargo is handed over for carriage.Awaited
Funded. The inspection report is with you for review.
Interface concept, played as a short demonstration.
Before
you ask.
Can you make any payment, anywhere?
No. Availability depends on the parties, the countries, the currencies and the underlying trade. Some arrangements are straightforward, some take preparation, and some we will tell you we cannot arrange.
What will you ask for?
Company information for both sides, the people behind them, and the contract or invoice the payment relates to. The exact list depends on the route and the provider involved. See compliance
How long does it take?
Establishing the route and completing verification is usually the longer part; the transfer itself follows the provider's own timing. We give you a realistic expectation once we know the specifics, and we would rather be accurate than quick with a number.
What does it cost?
Costs depend on the route, the currencies and the provider. They are set out before anything is arranged, not discovered afterwards.
Can payment be tied to delivery?
Yes, through escrow: the funds are held and released against conditions both parties agree in advance. See escrow
Tell us about the payment.
Who is paying whom, in which countries and currencies, and what the payment is for. That is enough for us to tell you whether there is a route and what it would need.