You can easily pay vendors from around the world via no or low-cost wire transfer in either USD or a foreign currency*.
Paying an international vendor
Add bill. If you're new to Settle or need a refresher on adding bills, check out this article.
The Bill details should auto-populate based on the details in the bill. Double check the Invoice amount currency is accurate, and if needed, select a different currency from the dropdown menu.
Click Proceed to payment
International wire fees
Fees for international wires are based on your organization's Settle subscription tier:
Launch: $10 for domestic wire and $15 for international wire transfer
Accelerate: $9 for domestic wire and $13 for international wire transfer
Elevate: $9 for domestic wire and $13 for international wire transfer. If you process a high volume of domestic or international wires, reach out to your sales or customer success representative for a custom plan that includes custom wire pricing
Learn more about our current pricing here.
*Note: As with all international wire payment transfers in foreign currencies, vendors may incur fees based on their bank. These fees aren't set by Settle and, unfortunately, are outside our ability to set the fees or costs associated with the transfers.
Requirements for international payments
For countries outside the US, the following details are required:
BIC/Swift Code: 8-11 characters
IBAN Code: Up to 34 characters, prefaced by a two-character country code
Recipient's Name and Address
Some countries may require additional fields:
China:
CNAPS: 12-digit clearing code
Australia:
BSB Number: Bank State Branch (BSB) in the format "XXY-ZZZ", where XX represents the bank, Y represents the state, and ZZZ represents the branch address.
Canada:
Canadian Routing Number: In the format "0YYYXXXXX", where YYY is the 3-digit institution number and XXXXXX is the 5-digit transit number (branch number).
Countries Requiring Purpose Codes:
Bahrain
China (for payments in CNY)
United Arab Emirates
Hong Kong (for payments in CNY)
India (for payments in INR)
Malaysia (for payments in MYR)
Supported currencies
We currently support international payments sent as
AED
AUD
BDT
BMD
BWP
CAD
CHF
CNY
COP
CZK
DKK
DZD
EGP
EUR
FJD
GBP
GHS
HKD
HNL
HUF
IDR
ILS
INR
ISK
JPY
KWD
KYD
LKR
MAD
MXN
MYR
NOK
NZD
PHP
PLN
RON
SEK
SGD
THB
TND
TRY
TTD
USD
VND
XCD
ZAR
ZMW
Payments sent in certain currencies have maximum limits, as follows:
INR — 1,500,000 per day to any particular beneficiary
IDR — 350,000,000 per transaction
MYR — 100,000 per transaction
PHP — 1,300,000 per transaction
FAQs
I need to send a payment to an international vendor, and they’ve requested a two-account wire transfer—one for the intermediary bank and one for the beneficiary bank. Does Settle support multi-part wire transfers like this?
No, Settle does not support intermediary bank details. For international payments, please use the beneficiary bank details directly.