The following is a brief overview of the terms used in the Publisher Center "Payment Method" tab:

Payment Methods:

• Paypal -  Paypal is an online alternative to the more traditional forms of payment such as WIRE or check payments.  Kontera does not charge a fee for PayPal payments.

• WIRE payments -   A traditional form of electronic payments available to international accounts.  While reliable, there is a $30.00 fee for each Wire payment Kontera issues to a publisher’s account (simply the fee our bank charges for a WIRE payment)

• International EFT -  Until fairly recently, WIRE payments were the only electronic form of payment available to international accounts.  Now, due to consolidation in banking practices and the formation of receiving centers, many banks, most of which are a part of the EU, can receive bank transfer (international EFT) payments as well.  While there is a fee for each WIRE payment issued by Kontera, there is no fee on Kontera’s end for International EFT payments. 
  
  The following is a list of countries to which we are able to offer international EFT payments: Australia, Austria, Belgium, Canada, France, Germany, Ireland, Mexico, The Netherlands, New Zealand, Spain, Switzerland, and the United Kingdom.

Recipient Bank Information:

• Beneficiary Bank RTN (Routing Transit Number) or SWIFT BIC (SWIFT Bank Identifier Code) – Most international bank transfers are sent using SWIFT codes.  These are international codes used by banks to identify themselves to one another; in essence, it is an alpha-numeric recognition code.   SWIFT codes range from 8-11 alphanumeric characters. If you do not know your SWIFT code, your bank should be able to provide you with this information with little difficulty.
  
  
• Beneficiary Account Number - a number which identifies the account to which payments should be sent.
  
  
• International Sort / Routing / Clearing Code - Applicable when choosing international EFT/Wire.  Similar to the beneficiary routing number in domestic (i.e. US) EFT payments; it is used specifically in bank transfers to articulate the branch to which the payment should be sent. As one can see, there are various names (i.e. sort code/clearing code) for the ISRCC due to differences in how this data is referenced from country to country.
  

• Beneficiary Routing Number - This is a numeric code, which identifies the banking institution of the account holder; it directs electronic EFT/ACH deposits to the proper banking institution.  For US account holders, the routing number is a bank code composed of 9 digits.

• Sort Code - Some countries refer to the international routing number as the sort code (i.e. The United Kingdom).  They are often six digit delineations of bank branch.
  

Intermediary Bank Information:

• Intermediary Bank Information - A  bank other than the originator’s bank (i.e. Kontera’s bank) or the beneficiary’s bank (i.e. your bank) that acts in lieu of a direct SWIFT code.  A direct SWIFT code will allow the transmission of funds “directly” from one bank to another.  Unfortunately, a direct transmission is only available when sending a payment in the domestic currency of the destination bank.  Conversely, an intermediary bank is required when sending a payment in a currency other than that of the destination country.  For example, a USD payment to HSBC in Hong Kong will need to be routed via a US Bank.  Most banks that don’t have a direct SWIFT have their correspondent/intermediary banks in the USA or Europe.  Please contact your bank directly, if you do not know your intermediary information or if you have any questions, regarding your SWIFT code and whether your bank requires an intermediary bank to receive a payment from Kontera. Kontera issues its payments from a US bank.

• Intermediary Beneficiary Bank RTN or SWIFT BIC - Same as the SWIFT mentioned above, but applicable to the intermediary banking institution

• Intermediary International Sort/Routing/Clearing Code - Same as the International Sort/Routing/Clearing code mentioned above, but applicable to the intermediary banking institution.

• Intermediary Bank Address - Please be sure to include this information when updating your intermediary information.  If you do not know the intermediary bank address, please contact your bank directly.

If you require further assistance please contact us through the "Help" tab in the Publisher Center. To ensure your query is automatically directed to our Accounting Team be sure to select "Payment Issue" from the drop-down menu.