Business banking for exporters getting paid by buyers abroad
Export invoices are large and infrequent, so the spread hidden in the exchange rate matters more than the flat fees on a wire. Hold proceeds in the currency they arrive in and convert on your own schedule.
Client funds are held separately from Fasset’s own.
- Issued against the shipment2 March
- Buyer paid on the invoice link4 March
- Landed in your USD balance4 March
The rate applies when you choose to convert, not on the day the money happens to arrive.
Illustrative. Figures and names are examples, not real accounts or customers.
What an exporter needs beyond a cheaper wire
The flat fees on a wire do not grow with the invoice, but the spread does, and on a shipment-sized payment the spread is most of the loss. Run your own numbers in the transfer fee calculator.
First orders
Neither side has to go first
For a buyer you have never shipped to, escrow holds the payment until the shipment is confirmed, then releases it. Pricing is confirmed at launch.
- Buyer funds the escrowBefore you ship, into a safeguarded account $84,500.00
- You ship, the buyer confirmsBoth sides watch the same record Confirmed
- Released to your accountOnce the buyer confirms Released
Escrow sits on the same account and the same rails, so the release lands like any other payment.
In development, targeted for Q1 2027
A $50,000 invoice, two ways
What an exporter keeps from the same shipment payment, by rail. Accurate as of September 2026.
| Rail | You lose | You keep | Time to money |
|---|---|---|---|
| Bank wire (SWIFT)$45 send + $30 correspondent + $15 receive + 2.5% in the rate | $1,340 | $48,660 | 1 to 3 business days |
| FassetPer-plan pricing, shown before you confirm | See pricing | Settles in about 20 seconds on USDT | |
Benchmarks compiled from World Bank Remittance Prices Worldwide and US bank wire fee surveys, July 2026. The 2.5% rate markup is an assumption: it varies by bank and falls at larger sizes. Fasset pricing is set per plan and stated on the pricing page.
Business is $29 a month, and an exporter pays per transfer on top when a shipment gets paid. Every per-transfer price is on the pricing page.
Common questions
What does it cost to receive a $50,000 export payment?
Fasset prices each payment per plan and shows the price before you confirm. The pricing page states it in full. On our model, the same $50,000 by bank wire comes to about $1,340: $90 in flat sending, correspondent and receiving fees, plus $1,250 in an assumed 2.5% exchange rate markup, which varies by bank.
How does escrow work for a first-time buyer?
Escrow holds a buyer's payment until the shipment is confirmed, so neither side has to trust the other with money up front on a first order. It is in development, targeted for Q1 2027, with pricing confirmed at launch.
What currency should I hold export proceeds in?
Multicurrency accounts let you hold USD, EUR or GBP as it arrives, so you can pay a supplier or convert to your home currency on your own schedule instead of your bank converting on arrival at whatever rate it sets that day.
Is Fasset a bank?
No. Fasset Business is a technology platform, not a bank. Banking, payment and card services are provided by licensed third-party institutions in each market, and client funds are held at those institutions, separately from Fasset's own money.
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Client funds are held separately from Fasset’s own.