Архив рубрики ‘Transfers’
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Bank Deposit in local currency. Public testing continues. Extended list of countries.

We are keeping on with public testing of the brand-new service: Banks deposits in local currency.

Following positive testing results, we are pleased to announce 10 more countries were included in the list for deposits in local currencies:

• Argentina (ARS)

• Dominican Republic (DOP)

• Egypt (LE)

• Guatemala (GTQ)

• Indonesia (IDR)

• Jamaica (JMD)

• Kenya (KES)

• Mexico (MXN)

• Sri-Lanka (LKR)

• Venezuela (VEF)

We are currently processing payments in local countries for 25 countries across the world. While testing progresses, more countries will be included in the list.

Please find below some significant advantages of the new type of transfer over traditional wire transfers via SWIFT:

1. Once made in local currency, the payment will be considered as domestic and processed by local providers, therefore, beneficiary of such payment is not required to have an account in foreign currency.

2. The payment will be submitted within 1 to 48 hours due to the fact, that no correspondent banking is involved.

3. Using domestic payments service, you can transfer funds to legal entities or individuals (including third party individuals).

4. Domestic payment processing fee is lower than wire transfer fee for payments in EUR and USD. It varies from USD 20 to USD 40 depending on the country.

Operators process payments to bank accounts in local currencies under the standard terms of bank transfers processing.

The exact fee amount for transfer to a particular country will be displayed, while you are filling the transfer form.

New service: Bank Deposit in local currency. Open testing

Dear clients and partners,

We are pleased to commence a process of open testing for a brand-new service – Bank Deposit in local currency.

Below we have listed some significant advantages of the new type of transfer over traditional wire transfers via SWIFT:

1. Once made in local currency, the payment will be considered as domestic and processed by local providers, therefore, beneficiary of such payment is not required to have an account in foreign currency.

2. The payment will be submitted within 1 to 48 hours due to the fact, that no correspondent banking is involved.

3. Using domestic payments service you can transfer funds to legal entities and individuals (including third party individuals) located in 15 countries listed below. While testing progresses, more countries will be included in the list.

4. Domestic payment processing fee is lower than wire transfer fee for payments in EUR and USD. It varies from USD 20 to USD 40 depending on the country.

Open testing will be held from 1st of March till 1st of April. Please kindly find the list of the countries accepting local currency payments below (more countries will soon be included):

• Brazil (BRL)

• Bulgaria (BGN)

• Canada (CDA)

• China (USD)

• Columbia (COP)

• India (INR)

• Japan (JPY)

• Malaysia (MYR)

• Philippines (PHP)

• Poland (PLN)

• Romania (RON)

• Russia (RUB)

• Thailand (THB)

• UK (GBP)

• Vietnam (VND)

Operators process payments to bank accounts in local currencies under the standard terms of bank transfers processing.

The exact fee amount for transfer to a particular country will be displayed, while you are filling the transfer form.

From 1St of October 2014 all ACH/DirectDeposit, Wire Transfers and banking checks issued by individual third-parties will be not accepted

Dear ePayService Clients and Partners!

We hereby inform you starting October 1st 2014 ePayService will stop accepting the following bank payments: ACH / Direct Deposit, Wire Transfer and checks issued by third parties individuals only.

These new rules will not be applied to bank payments issued by ePayService «Personal» customers from their own banking accounts.

Please note starting October 1st 2013 all incoming payments sent by individual third parties will be returned back to the senders minus our standard commission processing fees.

All incoming bank payments ACH / Direct Deposit, Wire Transfer and bank checks issued by companies (legal entities) will be accepted as usual.

We apologize for any inconvenience this may cause.

First stage of EU integration!

Dear Clients and Partners,

We are glad to announce that the ePayService payment system has started the first stage of its integration into the European market. Over the past 6 years of hard work we have built the bridge between the US and CIS countries in the field of international payments. We haven’t paid due attention to the European region though, so now we are going to change this for the better. Working within the frames of the European region will help us enhance the quality of our services and reduce the costs of international financial operations.

ePayService broadens the geography for your business online!

Therefore, from August 19, 2013 we introduce the new banking details for US bank transfers (ACH/DirectDeposit) and international money transfers (Wire Transfer) in USD and EUR.

We strongly suggest that you use the new details information for Wire Transfers and ACH/DirectDeposit from now on.

The new payment details will allow us to accept bank transfers in EUR with no further conversion required. In addition, it allows for faster US transfers recognition which will significantly reduce the number of unidentified payments.

The new payment details are available in your Online.ePayService account.

We would like to draw your attention that the banking details for ACH/DirectDeposit and international transfers in USD and EUR are different from now on.

Best regards,
ePayService Team

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