International Payments
Cross River (CR) International Payments (cross-border money movement) enables you to send or receive money internationally, leveraging SWIFT and local in-country rails. Cross River facilitates this through access to a correspondent banking network.
Currently, CR only offers outbound capabilities. Our solution is rail agnostic, routing the transactions through the most relevant rails depending on corridor, transaction size, currency and so on.
For each country you can send any of its supporting currencies. However, the beneficiary account must be set up to receive the currency sent.
Our reach includes these countries:
Available currencies include:
No crypto or gaming currencies are available.
- 24/5 executable payment quotes with superior FX rates
- Real-time updates on a payment from quote to delivery
- Industry-leading compliance and BSA/AML integrations
- SWIFT and in-country local rail options
- Built-in fee customization to earn revenue on each transaction
International Payments introduces a new dimension to our bank payments offering, enabling you to effortlessly send and receive (in the future) international payments.
Benefits that International Payments bring you:
- Expanded Reach: International Payments seamlessly connects you to a robust network of correspondent banks worldwide, expanding our reach to 22 countries and accommodating 9 currencies through our MVP offering.
- Integration Simplicity: International Payments effortlessly integrates with our existing domestic payments framework, creating a plug-and-play solution for outbound payments across the globe.
- Versatile Processing Options: International Payments are available through API integration, interface, and file ingestion. You simply provide payment information, and we take care of the entire end-to-end processing.
- Cost Efficiency: You don't incur a domestic wire fee as a part of your transaction, enhancing cost-effectiveness.
- Accelerated Processing: International Payments ensures faster processing compared to using a domestic partner bank, streamlining the payment workflow for increased efficiency.
- Swift Delivery for Key Currencies: Certain currencies, such as Euro, GBP, and CAD, can be delivered as early as the same day and guaranteed for next-day delivery, ensuring timely and efficient transactions.
The following limitations currently exist for International Payments at Cross River:
- We only provide outbound capabilities. In the future we'll support inbound payments as well.
- Exclusively for entities based in the United States.
- Only used by business entities (payers), covering both Business-to-Consumer (B2C) and Business-to-Business (B2B) scenarios.
- No support for transactions related to cryptocurrencies or gaming activities.
- No foreign exchange (FX) wallet holding capabilities.
- No remittance payments.
SWIFT, or the Society for Worldwide Interbank Financial Telecommunication, makes sending international payments easier by providing a secure messaging system between financial institutions.
When you send a payment by SWIFT it settles quickly, typically within T+0 or T+1. However, because intermediary financial institutions along the payment route may charge handling fees or commissions, SWIFT has additional charges. These charges are not always the same. The amount depends on the specific financial institutions involved in the transaction.
When you pay through a local rail, such as SEPA (Single Euro Payments Area), typically you'll have no handling fees or commissions, because this payment rail uses banks in the recipient country to make international payments easier. Payments sent by local rails settle efficiently, typically within T+0 to T+2.
IMPORTANT With both SWIFT and local rails the payee receives the full amount. The sender pays any fees or commissions.
For certain countries your only option is to use SWIFT because no local rail is accessible. The table of countries at the top of this page shows which countries are limited to SWIFT transactions.
In the CR International Payments API, set priority to TRUE to transfer funds using the SWIFT network. Set priority to FALSE to use a local rail in the recipient country.

