Watch this video to know more- https://www.youtube.com/watch?v=TAbLEee3etk Salt is a fintech startup based out of Bangalore, helping businesses thrive in the international market with effortless international payments and the compliances. Read more about Salt here: https://www.salt.pe

1. Foreign Currency Payments?
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How to minimise Charges on

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Charges on
transactions.
Credit Card
Cash Withdrawal Fee
Conversion Fee
ATM withdrawals abroad incur a fee of 2.5% to
3.5% per transaction, in addition to any existing
cash withdrawal fees.
Indian credit cards incur 1-2% conversion fees
for transactions abroad, with varying rates
between transaction and settlement dates.

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How to save money on
credit card transactions?
Choosing the right credit card can save you money on transaction fees
and forex charges. Apart from this, you might also consider getting
currency converted beforehand and reducing the ATM usage overseas.

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Charges on
Remittance
Inward
Processing Fee
Withdrawel Fee
Payment processors charge a percentage or
fixed fee per transaction for processing the
transaction.
Some payment processors charge fees
up to 2% for withdrawing funds received
through their channels.
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Forex Markup
3
Charges on
Remittance
Inward
Compliance Fee
Money transfer companies may charge up to
4% in forex markup, which is the difference
between mid-market conversion rates and
their offered rates.
International transfers require compliances
like FIRC, which often incurs a payment of
Rs.300-Rs.400 per transaction.
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How to
save money on inward remittances?
As a business owner, you can take several measures to save
money on inward remittances.
Choosing right payment processor
Your payment processor can hugely impact the charges you incur
on each transaction. So, it’s important to choose a payment processor
with lowest fees and fastest remittance time.

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A multi-currency
bank account
If your business deals in multiple currencies,
you might consider a multi-currency bank account to manage
accounts and exchange currency at preferred rates conveniently.

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www.salt.pe
How does SALT help?
SALT offers a flat 1.75% on all your transactions with
no forex markup and a free FIRC for every transaction,
so that you are fully compliant!
Also, we help users set multi-currency bank account
for smooth overseas transactions.