YOUR ASIA SUPPLIERS
AREN'T GETTING
WHAT YOU SENT.
When you pay a Asia-based supplier from your US bank account, 2–3% of the invoiced value disappears before it arrives — silently, every time. FX markups and intermediary bank fees don't show up on a line item. They just shrink your supplier's payout.
TransferMate's payment infrastructure routes your AP payments on local rails — so the amount you send is the amount they receive. It works alongside your existing US AP tool. No rip-and-replace.
The Payment Gap — Calculated
You approve & send
$100,000
Lost in the SWIFT chain
−$2,500
FX markup: ~1.5%
Intermediary fees: ~1%
Lifting charges: variable
Supplier actually receives
~$97,500
With TransferMate
$100,000
Amount billed = amount received
Avg. recovered
2–3%
of FX volume
Your AP Workflow Looks Clean.
Your Supplier's Bank Statement Doesn't.
If your company runs $500K or more in annual international payments to Asia-based suppliers, you're almost certainly absorbing costs you can't see — and your suppliers are quietly absorbing the rest.
The FX Markup You Never See
Your US bank converts USD to CNY, TWD, or VND using a mid-market rate that's already been marked up by 1–1.5%. It doesn't appear on your remittance advice. It just leaves quietly with each transfer.
1–1.5%
typical bank FX markup on USD → Asia currencies
Correspondent Bank Fees
SWIFT payments touch 2–4 intermediary banks between your US account and your supplier's local bank. Each one can deduct a "lifting charge" — sometimes without notice. Your supplier files a dispute. You send a top-up. Everyone loses time.
$15–$50
per transaction in hidden correspondent fees
Settlement Delays Strain Supplier Relationships
SWIFT transfers to Asia typically take 2–5 business days. For suppliers running tight manufacturing cycles, that delay is cash-flow friction — and it quietly affects your priority status at the factory floor.
2–5 days
average SWIFT settlement time to Asia
What does your Asia supplier actually receive when you send $500K?
Most Controllers and CFOs have never run this calculation — because the data lives across your bank's wire confirmations and your supplier's local bank statements. It's computable. It's probably not what you think.
Let's Run the Numbers >$500K
annual FX AP volume
−$15K
lost at 3% — every year
$2M
mid-market FX volume
−$60K
gone at 3% — every year
Pay Like a Local. From Your Existing AP Workflow.
TransferMate's payment infrastructure routes your international AP payments on local rails — meaning your USD never has to cross the SWIFT correspondent-bank chain to reach your supplier's local account. The amount billed is the amount received.
The Old Way — SWIFT
Your US bank initiates a SWIFT wire in USD
Correspondent bank #1 converts & deducts fees
Correspondent bank #2 (regional) deducts more
Supplier receives 97–98 cents on the dollar. 2–5 days later.
The TransferMate Way — Local Rails
You approve the payment in your existing AP tool
TransferMate converts at transparent, competitive FX rates
Payment exits on local rails directly to your supplier's local bank
Supplier receives the full invoiced amount. Faster. Every time.
TransferMate sits alongside your existing US AP tool — additive, not disruptive.
You keep your current AP platform, approval workflows, and ERP integrations exactly as they are. TransferMate handles the international leg — seamlessly routing cross-border payments on local rails without touching your domestic stack.