---
title: How cross-border payments to vendors work?
description: Before exploring cross-border payments, first enable this feature for your company. To initiate this process, please reach out to Peakflo.
---
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# How cross-border payments to vendors work?
Before exploring the intricacies of cross-border payments, it is essential to first enable this feature for your company. To initiate this process, please reach out to Peakflo at [support@peakflo.co](mailto:support@peakflo.co).
### Set Up Bank Details for Vendors
Once you have successfully enabled cross-border payments, the next step is to configure vendor bank account details for cross-border payments.
1. Go to "**Vendors**" under "**Payables**" section. Locate the vendor for whom you want to set the bank account details and click on the **pen icon** to edit.
2. Once the pop-up appears go to the "**Bank Details**" tab. Fill in the details like in the image below.
When you create a vendor bank account, a payment beneficiary is simultaneously established. It is important to note that the required beneficiary details may vary depending on factors such as the bank's country, the beneficiary's country, the currency being used, and whether the entity is an individual or a business.
---
### Set Up Payment Details in Bills
When [creating a bill](https://help.peakflo.co/how-to-pay-bills-with-peakflo?hsLang=en) in Peakflo, be sure to set the cross-border field values appropriately.
- Payment Channel: The payment channel represents the method through which funds will be transferred from your account to the vendor's bank account.
Peakflo collaborates with various payment solutions platforms, including Wallex and Cashfree, to facilitate bill payouts through multiple channels. This integration ensures that payments can be processed in the most efficient manner possible.
- Purpose of Transfer: The purpose of transfer is a critical component that defines the reason for the payment.
We enable cross-border payments under the following conditions:
- The bill currency and wallet currency are the same, but the receiver's currency differs.
- The bill currency and receiver's currency are the same, while the wallet currency differs.
To link payment to the bill, from the bill pop-up, click on the three-dot icon and select "**Create Payment**".
In the payment window the fields will be auto-populated, you can edit fields, send it for approval, and schedule the payment for disbursement.
To learn more about how AP payments works in Peakflo, read: "[How can AP team link bills to payment for vendor payouts?](https://help.peakflo.co/link-bills-to-payment?hsLang=en)"
Once the payment date arrives, the bill will be automatically disbursed, and the relevant details will be displayed in the bill details pop-up.
Should a payment fail, an error message will appear in the user interface, and an email notification will be sent to both the finance team and the bill creator.
### FAQ
Will Peakflo apply the current FX rate?
Yes. For eligible cross-border payments, Peakflo applies the prevailing foreign exchange (FX) rate provided by our integrated payment partners at the time the payment is executed.
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