Platform upgrade » General questions » Pricing impact

What are the different fee types listed on the fee schedule?

  • 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.