VPS hosting

with Swift

While cryptocurrency’s significance in the realm of digital payments continues to grow exponentially, we do take care of our customers who might still prefer some of the more traditional payment methods. Among them, SWIFT is the one that is one of the most accepted ones. Let’s see, why you should opt for SWIFT as a payment method.

What is SWIFT?

SWIFT, which stands for the Society for Worldwide Interbank Financial Telecommunication, is a global messaging network and financial services cooperative. Due to SWIFT financial institutions have access to a standardized and secure environment to communicate and exchange information related to financial transactions.

The key features of SWIFT

Standardization: The crucial perk of SWIFT is presents by the standardized format for financial messages, so different institutions have no compatibility issues. This provides for transparent communication and excludes errors.

Security and reliability: Security is one of SWIFT’s main priorities. The network is provided with essential security methods, such as encryption and authentication protocols, you the users can have peace of mind that their confidentiality and the integrity of their financial information will be safeguarded.

Global reach: SWIFT is an internationally acknowledged global network that makes it possible for financial institutions to efficiently communicated no matter where they are, so you can benefit from SWIFT almost independently from your actual physical location.

Message types: The message types supported by SWIFT cover the most diverse aspects of financial transactions, such as payments, securities, trade finance as well as treasury operation. All types of messages have their format and purpose, which results in efficient and accurate financial communication.

Popularity: SWIFT is used by dozens of banks, corporations, financial institutions, and other entities involved in international finance, making it a very well-established means of financial communication.

SWIFT codes: Another feature that provides for the efficiency of SWIFT are SWIFT codes. Each financial institution connected to the SWIFT network has its own unique identification code known as a SWIFT/BIC (Business Identifier Code). This code provides for easier identifying and routing messages so they always end up in the right place at the right time.

Speed: One of the main goals of the advanced network features SWIFT is based upon is the speed at which the transactions are performed. The transaction will be finished quickly and securely, so you’ll be able to benefit from your hosting plan in no time.

Transparency and traceability: The way SWIFT is built allows its users to monitor the transactions in real time, being able to see all of the critical details.

Flexibility and Convenience: SWIFT gives a great deal of free choice when it comes to choosing the currency of a particular payment method, so you may feel free to choose one that best suits your needs.

Integration with financial systems: SWIFT integrates well with various financial systems and institutions which provides for the universality of the network.

Lower fees: The fees in SWIFT tend to be generally smaller than in other common means of international financial transactions.