You can transfer funds with Swapy in two ways:

• Create a New Transfer request - read more about it in this article.
• Accept a previously published transfer request by another user in the Quick Transfer page. 

If you are not familiar with how escrow transfers work, please read this material carefully.

Quick Transfer is a transfer request that has been previously published by a Swapy user. By accepting this transfer, you do not have to wait for the system to find you a partner for the transfer, as you would if you publish a new transfer request yourself.

HOW TO USE "QUICK TRANSFER"

Go to the "Quick Transfer" page and find the option that suits you. You can use the country and amount filters to speed up your search.

On the "Quick Transfer" page all published requests are available for acceptance.

A transfer request preview includes:

1. “Sending from” is the country from which the transfer should be sent.
2. “Receiving in” is the destination country where the transfer will be received.
3. The amount of the transfer in the currency of sending and receiving is indicated at the exchange rate of the Central European Bank for the current date.

For example: the transfer shown in the image will suit you if you need to transfer 1800 pounds (or 2000 euros) from the UK to Spain.

In order to check all transfer details, click on the "Transfer Details" button on the preview card.

On the opened page you will see the information on the transfer, including the commission, VAT (if applicable), exchange rate, availability of a discount for the transfer and total amount of the transfer.

In order to accept the transfer and proceed to signing documents, select one of the available options on this page:

1. Transfer to your own account

2. Transfer to another person.

QUICK TRANSFER TO YOUR OWN ACCOUNT

After selecting the "Transfer to your own account" option, select one of your bank accounts to which you want to receive the transfer and press the "Accept transfer" button.

After that the system will automatically generate documents for signing and add the transfer to "My Transfers" page.

QUICK TRANSFER TO ANOTHER PERSON

Having selected the "Transfer to another person" option, specify the e-mail address of the recipient of your transfer. The recipient of your transfer must have a verified SWAPY account.

Make sure that you have specified the recipient correctly by checking his/her first name, middle name and the first letter of the last name.

The system will automatically warn you if the recipient with the e-mail address you specified is not yet registered in the system. In this case, you can send him/her an invitation by pressing the "Invite" button.

Besides, the system will inform you that the recipient's profile has been deleted or has not passed verification, if the recipient does not have an account in the currency of receiving the transfer, as well as if the recipient has restricted the possibility to make transfers to his/her accounts.

Next, press the "Accept transfer" button.

After that the system will automatically generate documents for signing and add the transfer to "My Transfers" page.