Paying your foreign contractors shouldn't cost $6,000/year in wire fees.
Winvesta's Global Corporate Account cuts that to $0. Salaries land in 24 hours. No SWIFT, no intermediaries.
Here’s where your $10,000 goes
$0 per transfer. No SWIFT fees. No intermediary deductions.
US banks charge $20–$25 per wire. With 20 contractors, that’s $4,800–$6,000/year gone before your team sees a dollar.
One-time onboarding. Automated forever.
Your finance team spends 5–10 hrs/month on wires, reconciliation, and FIRA requests. That’s $3,000–$9,000/year in payroll admin.
Full dashboard with real-time tracking and historical records.
No more digging through bank statements, emails, and spreadsheets at audit time. One searchable, exportable dashboard.
What changes when you switch
| Before (SWIFT) | After (Winvesta) |
|---|---|
$20–$25 per wire | $0 per transfer |
3–5 business days | 24-hour delivery |
Individual wires, one by one | Batch payouts — entire team in one go |
Records across emails and spreadsheets | Full payment history — searchable, exportable |
KYC and compliance on you | KYC, docs, and regulatory filings managed for you |
The cost your contractors absorb
| Hidden cost | Per transfer | Per year (20 contractors) |
|---|---|---|
| Intermediary bank deductions | $10–$30 | $2,400–$7,200 |
| FX markup over Google rate (1–3%) | $30–$90 | $7,200–$21,600 |
| Total contractor loss on $3,000 salary | $40–$120 | $14,400–$28,800 |
Intermediary bank deductions
FX markup over Google rate (1–3%)
Total contractor loss on $3,000 salary
Not on your books, but very much on theirs.
On a $3,000 salary, here's what your contractor actually receives
| SWIFT wire (bank) | Wise | PayPal | Winvesta | |
|---|---|---|---|---|
| Contractor receives | $2,850–$2,910 (3–5% loss) | $2,940–$2,952 | $2,790–$2,850 | $2,967–$2,970 (1.1% fee) |
| Transfer fee | $20–$60 combined | 1.6–1.9% of amount | 4.4% + fixed fee | $3 + 0.99% of amount |
| Delivery time | 3–5 business days | 1–2 days | 1–2 days | 24 hours to INR account |
| FIRA certificate | Manual bank request, often paid | Not available | Not available | Auto e-FIRA, free, within 24 hours |
Contractor receives
Transfer fee
Delivery time
FIRA certificate
What teams say after switching
“Switching to Winvesta saved us $12,000/year on wire fees alone.”
Sarah M.
Head of finance
“Our India team gets paid within 24 hours now. The auto-FIRA alone saves our HR team 2 hours a month.”
Raj P.
HR director
“The old process took 2 weeks per new hire. Winvesta onboarding took 24 hours.”
Mike T.
COO
Frequently asked questions
A dedicated account for businesses to send international payments to employees and contractors in India, with zero SWIFT fees and full compliance support.
Within 24 hours of initiating the payment.
FIRA (Foreign Inward Remittance Advice) is a document required for tax compliance in India. Winvesta generates it automatically and for free.
No minimum. Whether you have 1 or 1,000 contractors in India, Winvesta works for you.
We manage the entire KYC and documentation process for your contractors, so your team doesn’t have to.
USD, EUR, GBP, and more. Contact us for the full list.
Find out what SWIFT fees are actually costing you.
Most companies spend upto $10,000/year on wire fees, you don't need to.