Since the money stays within WeTravel, we can make the transfer to your supplier’s WeTravel account within a couple of seconds. Supplier Transfers can be sent to WeTravel accounts that are fully verified, which means our Verifications Team has already conducted the necessary security & compliance checks, thus we don’t need to perform checks that would slow down your transfer. 

Since our system carries out the transfer automatically, we can perform transfers at any time of the year. Be it Christmas, Chinese New Year, or a simple weekend, our system is at your service and processing your transfers without delay.

As of now, we allow Supplier Transfers to and from the currency of the originating balance. So if you’re sending USD, your recipient will also get USD. Once they pay the money out to their own account, they have the option to convert it using the rates of their chosen bank.

Aside from efficient and reliable fund transfers, WeTravel’s Supplier Transfer network helps strengthen buyer/supplier relationships in several ways.

A list of transfer accounts is automatically saved within the Payments Center in your WeTravel account, meaning accurate, up-to-date contact information is always at your fingertips. No manual data entry with each transfer. 

You can also instantly send messages to these contacts with just one click.  

WeTravel’s transaction reporting (also available within your Payments Center) makes it easy to filter transactions executed by Supplier Transfer, then download these (further customizable) reports. 

Finally, our Zapier and public API integrations make it easy for you to connect any of your existing tech stack with Supplier Transfers.

In addition to Standard & Instant Transfers to your own corporate accounts & internal stakeholders, WeTravel supports these alternative two fund transfer methods to any of your suppliers, vendors, partners, and teammates: 1) WeTravel-facilitated wire transfers & 2) prepaid USD  funds loaded to WeTravel cards.

For security and regulatory reasons, WeTravel needs to verify the identity of all users that initiate or receive Supplier Transfers. If you were invited to join WeTravel as a supplier, our team will need to complete standard verification procedures before we can enable Supplier Transfers to your account. 

To be verified for Supplier Transfers, we will request the following documentation:

Individuals/sole proprietors: Government issued photo ID or passport

Companies: Employer Identification Number/EIN letter from the Internal Revenue Service/IRS (for US companies) or something similar such as proof of registration and/or an extract from the chamber of commerce (for non-US companies) plus a government issued photo ID or passport from a company representative or owner.

Learn more here.

WeTravel offers Standard Payouts to your bank account (free), Instant Payouts to a US debit card (1.5% fee), or the loading of USD to a WeTravel Visa card (free & instant). Additionally, to transfer funds on to a third party, you may also use our Supplier Transfer payment network or execute a wire directly within WeTravel.

Read a full comparison of the fees, speed, and availability of each of these options here.

Check out our Supplier Transfer FAQ here or set up a call with our team to discuss further.