🇸🇪 Pay Suppliers in Sweden
Pay Swedish suppliers for automotive, machinery, forestry products, technology
T+0 (2.3s avg within Unicorn network). Save 78% vs traditional banks.
What you need to send money to Sweden
What details do I need to pay suppliers in Sweden?
To pay suppliers in Sweden you need the recipient's IBAN (International Bank Account Number (SEPA)), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Sweden?
Payments to Sweden settle in an average of 2.3 seconds when using local rails such as Swish, compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Sweden?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 78% versus banks (e.g. £505 vs £2330 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Sweden
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 2.3% | 0.5% |
| Payment Fee | £30 | £5 |
| Total Cost (£100,000) | £2,330 | £505 |
| YOUR SAVINGS | N/A | £1,825 (78%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Sweden
Avoid expensive SWIFT fees. We use local payment systems in Sweden for faster, cheaper settlement.
Swish
Sweden instant payment system, 80%+ adoption
Bankgirot
Swedish automated clearing house
RIX (RTGS)
Riksbank RTGS for large payments
Who Uses This Payment Corridor
Key Industries in Sweden
- Automotive
- Machinery
- Forestry
- Technology
- Engineering
Average Transaction: £75k-£370k
Typical Monthly Volume: £450k-£4.5M
Popular Supplier Types
- Automotive manufacturers (Gothenburg, Trollhättan)
- Machinery producers (Stockholm, Västerås)
- Forestry companies (Norrland region)
- Tech companies (Stockholm, Malmö)
What You Need to Know: Sweden Payments
Regulatory Considerations
- Riksbank (central bank) regulations
- Swedish Customs documentation
- VAT (25%) on goods and services
- Finansinspektionen oversight
Payment Tips for Sweden
- Sweden = Engineering excellence (Volvo, Scania, Ericsson)
- Swish enables instant SEK payments
- Cashless society - digital payments preferred
- Strong sustainability focus - ESG documentation valued
Why Choose Unicorn Currencies for Sweden Payments
Local Rails, Not SWIFT
We use Swish and other local systems in Sweden. Avoid 3-4% SWIFT fees and 2-3 day delays.
78% Lower Costs
Save £1,825 on every £100,000 payment. On £450k-£4.5M monthly volume, save up to £54,750 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Sweden payments.
Real-Time FX Tracking
Upload supplier invoices in SEK. See live P/L as GBP/SEK rates move. Lock rates for 15 seconds before committing.
Frequently Asked Questions: Sweden Payments
What details do I need to pay suppliers in Sweden?
To pay suppliers in Sweden you need the recipient's IBAN (International Bank Account Number (SEPA)), plus account number and beneficiary name. Payments typically settle in 2.3 seconds with Unicorn Currencies at 0.5% FX spread and £5 per payment.
How fast are payments to Sweden?
Payments to Sweden settle in an average of 2.3 seconds when using Unicorn Currencies' local rails (e.g. Swish), compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Sweden?
Unicorn Currencies charges 0.5% FX spread and £5 per payment for Sweden. You save about 78% versus banks (e.g. £505 vs £2330 on a £100k transaction).
£1,000,000+ Paying Suppliers in Sweden? Save 78%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Sweden
For businesses with high annual FX volume. Not consumer transfers.