Does a guaranteed payout ensure the contractor receives the full invoiced amount?

Article author
Opeyemi Ibikunle
  • Updated

Yes, however, there may be additional fees charged by the contractor's local bank, such as SWIFT correspondent banking fees. These are beyond our control. We guarantee to pay out a specific amount, but we cannot control any fees that the contractor's bank may deduct once the funds are deposited into their account.

See also: Guaranteed payouts for Contractor invoices processed via Swift

 

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