International Payments via USD
To set up an international vendor, please review the payment format requirements below before selecting a country from the list.
Entity Record & Bill Requirements
International Wire (Intl. Wire) payments are used to transfer funds from the US to various countries worldwide. All transfers must be in USD.
NOTE: For NetSuite users, the Entity Bank Details bundle is required to process International Wire payments through the plugin.
Please review the information on this page for all payments to avoid potential delays or returns.
Requirements
The Vendor's Address (Address Line 1), City, and Country are required.
The Currency of the Bill and the destination bank account must be in USD.
The Method of storage must be “International” within the Bank Details record, where applicable.
Best Practices
The Entity's full name and phone number are recommended to be populated on the Vendor record.
If the beneficiary is an individual, avoid the use of initials in the Vendor's name to help avoid processing delays.
The Vendor, Bill, and Entity Bank Account Address (stored in the FISPAN Bank Details bundle) is suggested to have accurately listed the destination country.
IMPORTANT: Intermediary Bank Details are not available to be stored at this time. If you would like to have this feature available, please submit a feedback request here.
Key Terms
Below are some key terms to make navigating the instructions and set-up for International Wire payments easier.
Term | Definition |
|---|---|
International Bank Account Number (IBAN) | A standard international numbering system developed to identify an individual’s account at a financial institution. The structure consists of a two-letter country code, followed by two digits and up to 30 alphanumeric characters. |
SWIFT/BIC Code | A Bank Identifier Code (BIC), also known as a SWIFT code, is an 8 (primary) or 11 (primary and branch code) character alphanumeric code that uniquely identifies financial institutions. Note: If the BIC is unavailable, you must provide the bank's full name and address instead. |
Payment Format
To avoid potential payment returns, please ensure the following required fields are populated on the vendor record:
Sender
Full name, account number, and address (Avoid use of P.O. Boxes)
Beneficiary
Full name, account number or IBAN, and address (Avoid use of P.O. Boxes)
Beneficiary Bank
Name, address, and SWIFT/BIC code (8 or 11 alphanumeric)
Available Countries
Expand the sections below to view the countries that support international wire payments.