Wire/EFT fees: Electronic funds transfer. When Convera sends a SWIFT / wire payment to your supplier / payee / beneficiary.
ACH payment fees: When Convera sends a payment to your supplier / payee / beneficiary using the country’s local clearing or ACH network.
Lifting fees: The fee charged specifically for payments where the payment and the currency you settle to Convera is the same and the transaction does not require a currency conversion. For example, when you send USD to your payee, and you send USD to Convera for settlement of the trade.
Charge type fees: If you select charge type equals “OUR” an additional fee will be added to the amount you owe Convera. Charge type is only applicable for wire payment methods.
BEN: The amount the payee/beneficiary receives is reduced by any charges applied by intermediary banks.
SHA: Applicable charges by intermediary banks are shared between Convera and the payee/beneficiary.
OUR: The payee/beneficiary will receive the full amount and no intermediary bank fees will be deducted.
To review your previous fees please contact Convera’s customer care team at [email protected].
New fees will take effect on the day you are upgraded to the new Convera payment platform.
We have updated our fee schedule to align with the increased value our new platform provides. This fee schedule change will take effect once you are upgraded to the new Convera payment platform.