Starting January 2024, you may notice a new charge labeled "Recipient Bank Fee" on your USD invoice for international wire transfers. This fee represents costs associated with processing your payment and ensures transparency in your transaction details.
What is the Recipient Bank Fee?
The Recipient Bank Fee is a charge imposed by the bank that receives the international wire transfer. Previously, Fair Skin Experts covered this fee on your behalf, but changes in our policies now require us to pass on this cost to you.
Why am I being charged this fee?
The fee accounts for several factors involved in processing international payments:
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Intermediary Bank Charges:
- International wire transfers often go through multiple banks. Each intermediary may impose a fee for processing the payment.
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Currency Conversion Costs:
- If the transfer involves converting currencies, additional costs are incurred during the process.
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Recipient Bank Processing Fees:
- The bank receiving the wire transfer incurs expenses for handling and clearing the payment.
Why the change?
- For years, Fair Skin Experts absorbed these fees to enhance your experience.
- Due to rising costs and to maintain the high quality of our products and services, it has become necessary to reflect these fees in your invoice.
- This adjustment ensures transparency and helps sustain our operations while continuing to provide exceptional value.
What does this mean for you?
- Starting January 2024, the Recipient Bank Fee will appear as a separate item on your USD invoice.
- This change allows you to understand the full cost structure of your international wire transfer, ensuring no hidden fees.
How can you get more information?
If you have further questions about the Recipient Bank Fee or need clarification regarding your invoice, feel free to contact our Support Team. We are here to assist you and provide a smooth payment experience.
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