• Registered: 09/05/2013
  • Posts: 1

Topic: International Wire Fee's

Hello All!

I am curious to know how my peers in other companies handle international wire fee's. Currently our Latin American customers are paying invoices but not adding the wire fee to their  bank deposits. Most Latin American banks add the fee and send the payment minus the wire fee which in turn short pays the invoice. Answering this question will greatly benefit me in an upcoming meeting. If you reply, please state if your business is international and if your company handles its own manufacturing and/or distribution. Thank you for your time.

  • From: Singapore, India, Chennai
  • Registered: 05/02/2009
  • Posts: 6,160

Re: International Wire Fee's

Quick Entries is the way to go.

apmuthu's Website

  • Registered: 12/25/2007
  • Posts: 2,448

Re: International Wire Fee's

If you are asking about whether the wire fee should be paid by customer or put in costs, then I don't know, it depends on agreement and/or local habits.

Technically you can enter wire fee directly in Customer Payment form, and the fee will be included in AR, but subtracted from the amount registered on bank account.

Janusz