Whatever your international payment requirements, our team of specialist foreign exchange dealers can assist your company with once off or regular international transfers. We have direct access to the trading floor and can act quickly in securing the best exchange rate for you.

Mercato can assist you with quick and effective transfer of your funds without expecting you to complete layers of documents in order to get your request processed.

As a Mercato client, you will receive expert guidance from a dedicated personal relationship manager who has extensive experience in dealing with international payments.

Benefits in partnering with Mercato:

  • Transparent pricing
  • All-inclusive quoted exchange rate
  • We will complete and submit all required forms on your behalf so less paperwork needed from you to get your transfer processed
  • Dedicated personal relationship manager
  • Guaranteed simplicity and security

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What we need from you in order to pay your suppliers

The beneficiary’s bank details, account number, name and residential address

Beneficiary details:

  • Legal Entity Name
  • Country

Beneficiary banking details:

  • Beneficiary account number or IBAN
  • SWIFT BIC
  • Branch code
  • Bank Name
  • Address
  • City/Town
  • Country

Advance payment (goods not yet received)

Pro-forma invoice with banking details of supplier stating that payment is required to be made in advance

Effect payment after receipt of goods

  • Commercial invoice with banking details of supplier
  • Transport documents as prescribed by the International Chamber of Commerce’s UCP 500
  • SAD500
  • SARS Release Notification

Receive international payments

You will need to provide the sender with:

  • a SWIFT address (please contact us for the relevant information); and
  • your CCM bank account details (we can open an account on your behalf)

Once your money has arrived in South Africa, you have up to 30 days from receipt of transfer to convert it into rand.

When the money reaches us, we will contact you in order to get the relevant exchange control information from you and release the funds.

It is important that we have your correct and most recent contact information. If we cannot get hold of you within 30 days we have to send the money back.