Yes. For each offramp, the Ops team can provide IMAD/OMAD tracking upon request.
Frequently asked questions
What are the minimum and maximum payment amounts I can send?
Minimum amount: $10,000 USD per transaction. A fixed fee of $35 USD will apply for transactions below this amount.
Maximum amount: There is no set maximum, but transactions can be quoted up to $1,500,000 USD. For larger amounts, you can either split the transaction or contact our operations team for assistance.
What information can I get to track a payment with my beneficiary bank?
The information required to track a payment depends on the payment method used:
Domestic wires: You will need the IMAD (Input Message Accountability Data) or OMAD (Output Message Accountability Data) reference. These unique identifiers are assigned to wire transfers within the U.S. financial system and help banks locate transactions in their system.
SWIFT payments: You will need the MT103 document, which serves as proof of payment in international wire transfers. This message contains details such as sender and beneficiary information, transaction reference, and timestamps.
What type of supporting documentation do I need in order to send a payment?
To process a payment, you may need to provide one of the following:
Invoice
Agreement/Contract
Purchase Order
Each document should include: Description of Goods/Services – Clearly outline the items, quantities, and prices. Parties Involved – Names, addresses, and contact details of both buyer and seller. Payment Terms – Payment amounts, due dates, and accepted methods. Signatures – Required for agreements/contracts to formalize the transaction. Business Justification – If the purpose is unclear, a signed statement explaining the transaction may be required.
