Архив рубрики ‘Transfers’
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ePayService stops sending Wire Transfers to personal bank accounts of individuals in USD currency

Dear Customers,

Please kindly be informed that starting from August 1st 2017, the ePayService will stop sending Wire Transfers to personal bank accounts of individuals in USD currency. These changes will not affect Wire Transfers in USD to companies bank accounts, Wire Transfers and SEPA to personal bank accounts of individuals in EUR currency and money transfers within the USA – ACH & DirectDeposit.

As an alternative to wire transfers in USD to personal bank accounts, the following services are available for our customers:

1. ePayService Mastercard® card

The ePayService card allows you to withdraw funds from around the world at ATMs connected to the Mastercard® payment system, as well as purchase in any currencies supported by the Mastercard®. Remember that the basic currencies of ePayService cards are USD and EUR, so when making transactions in currencies other than USD and EUR, conversion is made at the rate of the Mastercard®. ePayService MasterCard cards are issued absolutely free of charge.

2. Money transfers to Mastercard® and VISA® bank cards

Transfers to third-party bank cards are available to all countries of the world where Mastercard® and VISA® payment systems are present. The funds will be credited to the card in the card’s currency. Remember that transfers are sent in USD and EUR, so when transferring to Mastercard® and VISA® cards in currencies other than USD and EUR, funds are credited at the rate of the issuing bank at the time of receipt of funds. To receive a transfer in USD, it is necessary that the base currency of the beneficiary’s card is USD.

3. Cash remittance (this service is currently under public testing*)

To receive an ePayService Cash Remittance, there is no need to open a bank account – the funds will be received by presenting a passport in one of the branches of the partner network in your city. Cash remittance transfers arrive at the issuance point in USD currency. While receiving funds, if necessary, you can independently change currency into any other currency available at the branch office.

4. Bank transfers in local currencies

These transfers are made to 25 countries through an extensive network of payment providers. All transfers of this type are internal within the receiving country and are received in the beneficiary’s bank account in local currency.

We apologize for any inconvenience caused.

Remaining at your disposal,

ePayService Support Team

NEW: ePayService Cash Remittance. Public testing

Dear clients and partners,

Public testing of our new service, ePayService Cash Remittance, is now open!

New service offers some significant advantages over traditional Wire Transfers via SWIFT:

1. Your beneficiary won’t need a bank account – transfer via ePayService Cash Remittance will be cashed upon presentation of passport at one of our partner’s branches located in your city.

2. Transfer will take from 1 to 48 hours since now intermediate banks are involved.

3. With ePayService Cash Remittance you can transfer money to 14 countries worldwide. We are currently working on addition of another 30 countries to this list.

4. ePayService Cash Remittance fee is 1% + 30 USD – much lower than Wire Transfer fee. Moreover, for transfers up to 500 USD you will pay 1% + 15 USD only.

5. ePayService Cash Remittance transfer can be made in favour of third party.

6. Unlike Bank Transfers in Local Currencies, new service gives beneficiary an option to receive cash payment in USD.

Public Testing will run from 5 to 28 of July. Please find a list of countries available for ePayService Cash Remittance (this list will continue to extend):

• Azerbaijan
• Belarus
• Colombia
• Ecuador
• Georgia
• Israel
• Kazakhstan
• Kyrgyzstan
• Moldova
• Panama
• Peru
• Russian Federation
• Turkey
• Ukraine

ePayService Cash Remittance transfers will be processed according to bank transfer standard procedure.

Exact fee amount for each country will be displayed while you fill the transfer form.

Increased fees for outbound Wire Transfers

Dear clients,

Please kindly be informed that as from 1st April 2017 ePayService fees for outbound Wire Transfer will be increased as follows:

• Outbound transfer to own account, USD – 45 USD

• Outbound transfer to own account, EUR – 30 EUR

• Outbound transfer in favor of legal entity, USD – 0,5% + 55 USD

• Outbound transfer in favor of legal entity, EUR – 0,5% + 40 EUR

Fees for inbound Wire Transfers to ePayService accounts will remain unchanged.

We would like to remind you of the public testing currently held for the new service of Bank Deposit in local currency. The above service bears lower fees and offers some significant advantages 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) within 25 countries (list of the countries will continue to extend).

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.

Remaining at your disposal,
ePayService Support Team

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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