Freight Forwarding: Pay Philippines Suppliers Fast
Freight forwarders and logistics companies managing international shipments and payments Send PHP payments to Philippines suppliers with t+0 (2.3s avg within unicorn network). Save 81% vs traditional banks.
Save £2,220 per £100k Payment
Typical savings for Freight Forwarding paying Philippines suppliers
- ❌ 2-3 day settlement
- ❌ Hidden FX margins
- ❌ High correspondent bank fees
- ❌ Manual compliance checks
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Transparent pricing
- ✓ InstaPay available
- ✓ 0.14s automated compliance
At £500k-£5M monthly volume, save £26,640/year
Common Challenges: Freight Forwarding in Philippines
Industry Pain Points
- Multi-currency payments to agents worldwide
- Demurrage and detention costs from delays
- Thin margins (3-8%) vulnerable to FX
- High payment volume (200+ monthly)
Country-Specific Considerations
- Bangko Sentral ng Pilipinas FX regulations
- Bureau of Customs documentation
- VAT (12%) on imports
- BSP reporting requirements
How Unicorn Solves Freight Forwarding Payment Challenges in Philippines
Fast Settlement: T+0 (2.3s avg within Unicorn network)
Use InstaPay for instant PHP settlement.Philippines instant payment system for retail/SME
Real-Time FX Exposure Tracking
Upload supplier invoices as PDFs. Our AI OCR extracts amounts and currencies. See exactly what waiting costs you in real-time. Lock rates for 15 seconds when you see a good rate.
0.14s Compliance Screening
Automated compliance checks for Philippines regulations.Bangko Sentral ng Pilipinas FX regulations handled automatically.
Freight Forwarding Payment Profile
Understanding the payment dynamics of Freight Forwarding when paying Philippines suppliers
⏱ Payment Timing
Payment before cargo release. Port fees due immediately. Agent payments Net 7-14 days. High frequency: 5-20 payments daily.
📄 Invoice Terms
Prepayment for port fees, Net 7-14 for agents, Net 30 for established partners. Credit lines essential for cash flow.
Daily payments, cash flow intensive. Peak season (Aug-Nov) requires extra working capital. Payment terms mismatch: pay agents before client pays.
📊 FX Risk Profile
HIGH: Multi-currency exposure (CNY, EUR, USD, AED). 3-8% margins mean 2% FX move eliminates profit. Must hedge or pass through.
Network of agents worldwide. Long-term relationships essential for reliability. Commission-based structures. Reciprocal arrangements common.
Common Documentation for Freight Forwarding
- Bill of Lading
- Commercial Invoice
- Customs Entry Documentation
- Delivery Order
- Agent Invoice with shipment reference
Popular Philippines Supplier Types for Freight Forwarding
Common Philippines Suppliers
- Electronics assemblers (Cavite, Laguna)
- Garment factories (Metro Manila)
- BPO service providers (Makati, BGC)
- Food processors (Pampanga, Bulacan)
Payment Tips for Philippines
- Philippines = Electronics manufacturing, BPO hub
- InstaPay fastest for PHP payments under ₱50k
- Metro Manila + Cebu = Main business centers
- English widely spoken - easy communication
Ready to Pay Philippines Suppliers 81% Cheaper?
Join Freight Forwarding businesses saving £2,220 per £100k payment with t+0 (2.3s avg within unicorn network).
Bank of Canada registered PSP | FINTRAC licensed MSB