Kagi Frequently Asked Question

Question:

Pay venders using SWIFT or wire transfers?

Answer:

Kagi is now paying non-USA based product venders using what is termed as a wire transfer. The USA doesn't support SWIFT in the way that Europe does but a wire transfer is very similar. The wire transfer costs around $25 but the money is moved directly from the Kagi account to the vender account in several days. The funds are available for use fairly soon as compared to Kagi sending a USD check to the vender in another country. It can take weeks before the money is available for use when a USD check is deposited in another country.

Information required by our Bank is as follows:

• Name
  
• Street Address
  
• City
  
• State/Province
  
• Country
  
• Postal Code
  
• Telephone
  
• Any other additional personal information required
  
• Bank Name
  
• Bank Account Number, SWIFT code, etc.
  
• Bank Street Address
  
• Bank City
  
• Bank State/Province
  
• Bank Country
  
• Bank Postal Code
  
• Bank Telephone
  
• Routing Code/ABA # (if known)
  
• Nofitication Desired: telephone, send check, send cable, deposit funds
  

An alternate way for non-USA venders to be paid is to open a US bank account or to obtain a US credit card. Kagi can send your payments directly to your US based account. If Kagi is paying into a US based credit card account, you can use that credit card in your country and if you obtain a card that allows it, you can probably withdraw cash from an Automated Teller Machine (ATM) in your city.

Modification Date: Sunday, June 15, 1997