Quote By Receive vs. Quote By Send Amount

Quote By Receive Amount (QBRA)

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Quote By Receive Amount

Best for reimbursing someone in the same currency as their original payment, ensuring they receive the exact amount they paid.

Things to keep in mind:

• Fees - The sender (company) is responsible for covering fees associated with the payout
  • Ex: If you send a payout for $1000 MXN, the recipient will receive exactly $1000 MXN and you will be responsible for any delta from the exchange rate (so your total cost will be higher than $1000 MXN)
• Payout Currency - Recipient can only claim funds in the currency that was specified
  • Ex: If you send a payout in MXN, the recipient will not be able to select to receive the payout in USD
• Payout Info - Payout info must be sent (via batch or API) with the specific currency and indicating 'RECEIVE_AMOUNT' as the method

Example Data File:

*Note: The table above only displays selected columns from the data file. Click here to see the full data file.

Quote By Send Amount (QBSA)

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Quote By Send Amount

Best for giving recipients the flexibility to claim funds in various currencies supported by Latitude.

Things to keep in mind:

• Fees - The recipient is responsible for covering fees associated with the payout
  • Ex: If you send a payout for $1000 USD and the recipient claims the payout in MXN, they will receive $1000 USD - exchange rate to convert to MXN
• Payout Currency - Recipients have the flexibility to claim funds in any currency supported by Latitude
  • Ex: A payout is sent in USD with SEND_AMOUNT, but the recipient can claim it in MXN
• Payout Info - Payout info must be sent (via batch or API) with 'USD' as the currency and 'SEND_AMOUNT' as the method

Example Data File:

*Note: The table above only displays selected columns from the data file. Click here to see the full data file.