Receiving International Wire Transfers

Wire transfers are one of the most secure forms of international payment for eCommerce businesses, as well as consumers. Funds are transferred directly between banks, securing payment from the sender to receiver without any involvement from other merchants.


There are several reasons to accept international wire transfers:

1.)    Peace of mind in accepting high value orders, with no risk of having the funds charged back.

2.)    Assurance that the payee is the actual account holder-Most banks require anyone initiating a wire transfer to physically appear at the branch with identification.

3.)    To provide a convenient form of payment for consumers who do not have a credit card, or do not wish to use their credit card to make a purchase.

4.)    To avoid merchant fees-Some banks will incur a wire transfer fee, but for high value orders this fee will likely be less than any merchant fee resulting from a credit card transaction.


To receive payment for an order via international wire transfer, take these simple steps:


1.)    Send the customer a detailed invoice including the wire transfer fee (if you choose to have the customer cover the fee). Ensure that all of the information is correct, as you do not want your customer to have to complete another transfer to amend any errors.

2.)    Provide the customer with your bank information, usually the following:


  • Name and address of your bank
  • Bank SWIFT code
  • ABA or Routing Number
  • Account Number
  • Name on the account

If you are unsure of any of this information, speak with an account representative from your bank.


3.)    Keep an eye out for the wire transfer, most will appear within one week.


Though wire transfers can be very simple, they can also be time consuming. Allow iGlobal to accommodate your international customers with several methods of payment, including wire transfers.

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