How long does it take for a cross-border payment to arrive? Why is it so late?

When people shop, they are increasingly pursuing brand quality, so they are also pursuing some overseas brands. Nowadays, there are many global cross-border e-commerce platforms, and shopping is still very convenient. How long does it take for cross-border payments to arrive?

How long does it take for cross-border payments to arrive?

How long does it take for a cross-border transfer to arrive? 3 to 5 working days

Usually, cross-border transfers will be reviewed within 1 to 2 working days. After the review is passed, the transferred funds will arrive in 3 to 5 working days, or it may take more than a week to arrive. In addition, cross-border transfers from banks can only be processed on working days. If you apply for a cross-border transfer on weekends or holidays, although the bank will accept the remittance application, the funds will not be remitted until the working day. Therefore, cross-border transfers on non-working days may extend the arrival time. The above is the relevant information about how long it takes for cross-border transfers to arrive.

Why is it that inter-bank transfers take so long to arrive?

1. When the user makes a transfer, he/she incorrectly fills in the recipient's account number, account name and other information, causing the transfer to fail or the transfer to someone else's account by mistake. If the transfer fails due to incorrect account information, the funds will usually be returned to the payer's account, and the user can then re-transfer;

2. The transaction account is in an abnormal state, such as being frozen by the bank, or locked due to loss, or expired, so the transfer fails. The user contacts the payee to change to another account in a normal state;

3. The bank is busy or it is a holiday, so the transfer is delayed;

4. The funds are not transferred in real time. If less than 24 hours have passed since the transfer, the user can continue to wait patiently. The funds may be transferred to the account successfully after 24 hours.

The time it takes for cross-border payments to arrive is longer than that for domestic payments. Moreover, if you are shopping on a cross-border e-commerce platform, the payment will only be deposited into the merchant’s account after you confirm receipt of the goods, so the payment collection speed is relatively slow.

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