Before completing the SWIFT payment, you might select the SWIFT charge you would like to be applied. You can choose whether you will cover the full amount of transfer fees (in case they will incur) or your contractor will partly cover fees that might apply.
1. OUR: Your company pays a fixed transfer fee covering any amount of charges that might incur. Your contractor will receive the full amount of the transfer.
2. SHA: Your company only pays the transfer fees of the sender bank. Your contractor will receive the full amount of the transfer if no intermediary bank(s) were involved and additional charges did not incur.
3. SHA: However, if intermediary banks are involved in the payment transfer, your contractor will not receive full payment as the charges will be deducted from the transfer amount. The total charge may vary depending on the number of intermediary banks involved and their charge amounts.
Please contact our Customer Success team in case of any questions at: customersuccess@lano.io
