BRICS Pay fees and pricing
How BRICS Pay fees work, where users save and how the cost of a transaction compares with SWIFT, Wise and Western Union.
The biggest difference from regular international transfers: BRICS Pay does not charge a mandatory fee in its own favour. The technology itself is free for participating banks. The fee is set only by the bank that actually executes your payment — and you see it before confirming. No “tax” to a central operator like SWIFT, Visa or Mastercard.
In the classical scheme each correspondent bank in the chain takes its cut: your bank → a US correspondent → a Brazilian correspondent → the recipient bank. Four fees per transfer. In BRICS Pay the chain is shorter — only your bank and the recipient’s.
Pilot savings
| Saving category | Effect |
|---|---|
| Lower transaction cost (vs SWIFT) | −30% to −50% |
| FX-conversion savings | −8% to −15% |
| Speed of settlement | Seconds – minutes vs 1–5 days |
| Trade finance / factoring | 2–3 percentage points cheaper |
| Average international fee in legacy systems | ≈6% of the amount |
| BRICS Bridge — fee reduction | About half of the typical 6% |
Minimum amounts and conditions
- C2B (paying merchants): no minimum — pay any amount by QR.
- P2P (peer transfers): no minimum.
- B2B (corporate settlements): from USD 2,000 under an agency contract with a PSP.
- Tier deals: “bespoke terms for your business and volumes” — individual pricing for large clients.
What is included
Included:
- Message routing through DCMS.
- Digital signature and encryption.
- Basic reporting and a transaction journal.
- Compensation for non-execution under the agency contract.
May be charged separately:
- FX conversion at the acquiring bank.
- Cash-out in local currency.
- Premium support and a personal manager.
- Custom integration (API, ERP, 1С, online tills).
A real savings example
A marketplace seller turning over USD 100,000 per month through BRICS Pay saves USD 2,000 – 4,000 per month on FX and fees, i.e. about USD 36,000 a year. Settlements arrive in minutes instead of 3–5 working days, improving capital turnover.
Comparison with SWIFT / Wise / Western Union
| System | Fee for an international transfer | Speed | FX markup |
|---|---|---|---|
| SWIFT | ≈6% (with bank charges) | 1–5 days | 2–4% |
| Wise | 0.5–1.5% | hours – 1 day | ≈ market + 0.5% |
| Western Union | 3–10% | minutes – hours | 3–8% |
| BRICS Pay (pilot) | 1.5–3% (optional) | seconds – minutes | 0.5–1% |
The BRICS Pay numbers come from pilot launches and may change once the system goes fully live. Exact fees are agreed in the contract with the specific acquiring bank.
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