> ## Documentation Index
> Fetch the complete documentation index at: https://help.trykarat.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Receiving a SWIFT wire payout

> How a SWIFT wire payout from Karat Payments moves from beneficiary review to delivery, what each status means, and the fee and timing to expect.

If you're outside the U.S. and a sender pays you through Karat, you can choose between two bank payout methods. This page explains the difference and what happens after a SWIFT wire payout is initiated.

## International transfer or SWIFT wire?

* **International transfer through local banks**: the payment is delivered to your international account as if it were a domestic transfer in your country. This option only uses local delivery rails.
* **SWIFT wire transfer**: a regular international wire. Wire-style international delivery is always sent through this option.

You choose a method when you accept your first payment from a sender, under **Choose how you want to be paid**. For the details you need to provide for a SWIFT wire, see [Receiving money with Payments](https://help.trykarat.com/payments/receiving-money-with-payments.md#choosing-swift-wire-transfer).

## SWIFT payment stages

After a SWIFT payment is initiated, it moves through the following stages. You and the sender can see the current stage and reason on the payment detail view.

| Stage | Status | Reason shown | What it means |
| - | - | - | - |
| Beneficiary review | Under review | **Awaiting beneficiary verification** | Your beneficiary details are still being verified. The payment is held and resumes automatically once verification completes. |
| Manual review | Under review | **Pending manual review** | The transfer was flagged for additional compliance review. No action is required from you. |
| Processing | Pending | **Processing** | The transfer has been submitted to the SWIFT network and is on its way. |
| Failed | Failed | **Declined** | The beneficiary or transfer was declined in review. The payment is not retried. The sender is notified and can choose a different recipient method. |

## Tracing a SWIFT payout

After a SWIFT payment is submitted, the payment details in your dashboard show a **UETR** (Unique End-to-End Transaction Reference). Share this reference with your bank to trace the payment if it hasn't arrived as expected.

## Fees and timing

A fixed fee applies to SWIFT wire transfers and is deducted from the payment amount before the transfer is sent. The fee is displayed before you confirm your payout method. If the payment amount is too small to cover the fee, you'll be prompted to choose a different method.

All SWIFT transfers are sent in U.S. dollars (USD). Currency conversion, if applicable, is handled by the receiving bank. SWIFT transfers typically take 1 to 5 business days to arrive.

When a SWIFT transfer is initiated, you'll receive a confirmation email with the transfer amount, the sender, and any fees that were deducted. Use this email as your receipt while the wire is in flight. You'll get a second email once the transfer settles.

*<sub>Karat is a fintech company, not an FDIC-insured bank. Banking and Card services provided by Grasshopper Bank, N.A., First Internet Bank of Indiana, and Cross River Bank, Members FDIC.</sub>*