Paymaster for commercial transactions
Paymaster
Companies and organisations that trade internationally in goods and services need reliable partners. Fees and commissions must be paid securely and on time, wherever in the world. Legal requirements, international compliance obligations and regulations must be strictly adhered to.
Request for Paymaster services and analysis
Like all money transfer transactions, payment services are regulated worldwide by national and international rules, regulations, governments and financial institutions.
This analysis includes the following services and deliverables:
• Sorting and reviewing all relevant documents
• Reviewing the contracts relating to the transaction
• Verifying the parties involved and the documents
• Proposing a transaction structure and providing a quotation
• Drafting a paymaster agreement with all relevant parties
Structuring and processing of payment transactions
• Experienced professionals, such as buyers, sellers, agents, brokers and intermediaries, use our services as an independent international paymaster based in North America. Acting completely independently and impartially on behalf of all partners involved, we support you in building trust with your business partners.
• Icarus Investment supports its clients both immediately and in the long term in their commercial activities and international financial transactions.
• This service for managing large payments enhances security, reliability and trust in your international transactions. Our international payment services can support your long-term, sustainable growth.
• On request, and as part of our international legal advisory services, we also accept instructions relating to the drafting and adaptation of all contracts and agreements.
FLOW of FUNDS
Sales of Products, Goods and Services
Whether they are sellers, buyers, agents, brokers or intermediaries, our clients need to manage the fees and commissions associated with international transactions and regularly transfer these funds to various beneficiaries. Icarus Investment supports its clients through its international payment management services.
Once the transaction has been completed and the fees and commissions have been paid, we manage and disburse the funds via a secure Paymaster account. As an independent third party, we assist our clients in the legal sector primarily with the following transactions:
- Charitable transactions
- Management of charitable funds
- Fund and asset management
- Private investment programmes
- Capital market operations
- Property transactions
- Banking instruments
- Bank guarantees
- Foreign exchange transactions
- Manufactured goods, agricultural products and services
- Consumer goods
Request a quote from Paymastering
To request a quote and have your project assessed in advance, please send us the following information:
• What exactly is your role in this transaction: are you the sender, the recipient or an intermediary?
• Amount of funds
• Is this a one-off transaction or do you anticipate regular transactions?
• What is the business model: delivery of goods, financing or service contracts?
• Sender of the funds (individuals or businesses? Who? Where?)
• Location of the funds (country and bank)
• Recipient of the funds (individuals or legal entities? Who? Where?)
• Place of receipt of the funds (country, which bank?)
• Final destinations of the funds (who, country, bank?)
• Are any intermediaries involved? (Who? Where are they based? How does the commission work?)
• Do you need a legal structure? (Company formation, offshore? Onshore? Where?)
The procedures
• You can request all the necessary information and documents via the contact form on our website or by email.
• We will then contact you personally, as trust and transparency – based on direct communication – are the core values underpinning all our services. We will send you the documents to complete, along with a detailed description of the procedure.
• Please note that we are legally obliged to carry out a preliminary legal and tax check on all transactions carried out by a paying organisation. In particular, we must demonstrate compliance with, and adhere to, the regulations and laws relating to money laundering.
Our group works with leading banks.
• The documents you receive include:
• Customer information form – your personal details and, where applicable, information about your business. Please attach a scanned copy of your valid passport or identity document when returning this form.
• Payment Mandate Agreement (PMA) – the key document governing our mandate. This PMA will apply to all future transactions.
• Appendix A – Payer(s)’ details. This form must be completed with the personal and contact details of the party or parties who will be transferring funds to the payer’s account;
• Appendix B – Information regarding the beneficiary or beneficiaries. This form must be completed with the personal and professional contact details of the beneficiary or beneficiaries of the funds from the payer’s account. Please attach a scanned copy of the passport or identity document for each beneficiary.
• We require all relevant underlying contracts and fee agreements relating to your transactions, such as sale and purchase agreements, irrevocable framework fee protection agreements, fee protection subcontracting agreements, etc. These documents are necessary to fully substantiate the legitimate origin of the funds (source of capital) credited to the payer’s account.
• Notarised photocopies of identity documents (passport/identity card) for all beneficiaries
• Once the initial fees have been paid into our business bank account to cover set-up costs, the due diligence checks are finalised and regular communication is established with all parties involved.
Fees
In order to keep costs down for our clients at this stage, we offer a project assessment and structuring service (pre-transaction audit), the cost of which ranges from €5,000 to €25,000 depending on its complexity. For the transaction itself, we charge a commission of between 1.5 per cent and 5 per cent of the transaction value, again depending on the complexity and size of the deal.
• Project due diligence (legal aspects, money laundering, taxation, etc.): €15,000 to €50,000 depending on complexity, stakeholders, countries and volume.
• Set-up fees for all transactions (document verification, banking agreements, communication): a flat fee of €5,000 to €8,000
• Transaction volume up to €500,000: 5 per cent
• Transaction volume from €500,000 to €1,000,000: 3 per cent
• Transaction volume from 1,000,000 euros to 10,000,000 euros: 2.5 per cent
• Transaction volume in excess of 10,000,000 euros: 1.5 per cent
All fees quoted are exclusive of bank charges and transfer fees.
Our aim: to build an international infrastructure that is not only legally recognised, but also capable of operating effectively and sustainably.
DEVELOPING YOUR INTERNATIONAL EXPANSION PLAN
