International Payments via SWIFT
Send and receive international payments in EUR, USD and GBP from your PAA CAPITAL account. Payments run over the SWIFT network, the standard messaging system for cross-border transfers between financial institutions worldwide.
Payment services are provided by PAA CAPITAL LLC, a money services business registered with the U.S. Financial Crimes Enforcement Network (FinCEN), MSB Registration No. 31000344044610.
What you can do
- Receive payments from clients, employers and partners abroad into your EUR, USD or GBP account.
- Send payments to suppliers, contractors, family or your own accounts in other countries.
- Convert before you pay. If you hold one currency and need to pay in another, convert between your account currencies first. See Foreign exchange.
- Pay other PAA CAPITAL clients for free. Transfers between users and between your own accounts cost nothing.
Fees
| Incoming payments | 0.5% + 20 in the transaction currency |
| Outgoing payments | 0.5% + 20 in the transaction currency |
| Transfers between own accounts and between users | Free |
| Other charges | At cost |
Example: for an outgoing payment of 10,000 EUR, the fee is 0.5% (50 EUR) + 20 EUR = 70 EUR. For a payment of 2,000 EUR, the fee is 0.5% (10 EUR) + 20 EUR = 30 EUR.
Monthly plan fees and the full fee schedule are on our Pricing page.
Limits and documentation
PAA CAPITAL does not impose volume limits. Larger transactions may require additional documentation, for example an invoice or contract that explains the purpose of the payment, in line with applicable regulatory requirements.
Compliance
PAA CAPITAL LLC operates a risk-based anti-money-laundering program under the U.S. Bank Secrecy Act. Every client is identity-verified and screened against sanctions lists before an account is opened. Details are on our Regulatory information page.
Who can use international payments
Clients of PAA CAPITAL: individuals and companies located outside the United States, and, within the United States, residents and companies of Montana. See Multi-currency accounts for how to open an account.
Questions
In which currencies can I send and receive?
EUR, USD and GBP.
What does “transaction currency” mean?
It is the currency in which a transfer is executed. The fixed fee of 20 is always charged in that currency.
Why might I be asked for documents about a payment?
Anti-money-laundering rules require us to understand the purpose of larger or unusual payments. Providing an invoice or contract up front usually avoids delays.
Open an account → Questions? Contact us.