How to Receive Remittances and International Payments

  • Posted by Jason on January 28, 2015 in Global Money Transfer Immigration

You’ve probably heard a lot about sending remittance to another person, but how do you pick it up at the other end? What exactly do you need to know in order to receive remittance payments?

Receiving Money

How to Receive International Payments

It’s important to know that the process for receiving remittance differs between transfer providers.

Often, providers will transfer money directly into a bank account, so you don’t actually have to do anything! On the other hand, some providers (such as Western Union, in certain countries) require you to collect money in the form of cash at one of their outlets. Not only does manual pickup take time, but it also isn’t as secure – however it can be useful if you are travelling and can’t receive direct to a bank account.

Some providers, such as PayPal, require the money to be transferred to an online account, rather than directly a bank account. It must then be transferred from that account (ie. your PayPal account) to your bank account. This takes extra time and hassle, and the exchange rates are relatively poor.

When the provider transfers directly to a bank account, like OrbitRemit does, you cut out a lot of the cost and hassle and can receive payments online through Internet banking.

Wait for the Delay – Patience is a Virtue

One of the most important things to remember when receiving international payments is that it takes time for things to process. With most providers, the money won’t transfer immediately, meaning you’ll have to wait for anywhere up to a week, in some cases, before you can access the funds. Generally the more expensive providers transfer instantly.

Having said this, we process transfers within one business day of receiving your funds (for most destinations), so you won’t have to wait long – and we do it without the crazy fees! However, weekends and public holidays always cause a delay, since they are not “business days”- so be aware of this.

Be Careful – Receiving International Payments Sometimes Comes at a Cost

Some providers or banks will charge you a fee when you receive remittance. If this is the case, you’ll end up receiving less than the sender intended. It’s a good idea to either be aware and prepared to accept this, or choose a company that charges a single, upfront fee instead so there are no nasty surprises.

Tell the sender to use the calculator on the right hand side of the screen. That way they can tell you exactly how much you can expect to arrive at the destination. Remember that your first, as well as every tenth, transaction is free, so you’ll be end up with more on the receiving end!



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