🇨🇭 Pay Suppliers in Switzerland
Pay Swiss suppliers for precision instruments, pharmaceuticals, machinery, watches
T+0 (2.3s avg within Unicorn network). Save 77% vs traditional banks.
What you need to send money to Switzerland
What details do I need to pay suppliers in Switzerland?
To pay suppliers in Switzerland you need the recipient's IBAN (International Bank Account Number (Swiss format)), 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 Switzerland?
Payments to Switzerland settle in an average of 2.3 seconds when using local rails such as SIC (Swiss Interbank Clearing), compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Switzerland?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 77% versus banks (e.g. £505 vs £2235 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Switzerland
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 2.2% | 0.5% |
| Payment Fee | £35 | £5 |
| Total Cost (£100,000) | £2,235 | £505 |
| YOUR SAVINGS | N/A | £1,730 (77%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Switzerland
Avoid expensive SWIFT fees. We use local payment systems in Switzerland for faster, cheaper settlement.
SIC (Swiss Interbank Clearing)
Swiss instant payment system, widely adopted
SEPA (via euroSIC)
Euro payments through Swiss system
TWINT
Swiss mobile payment app for businesses
Who Uses This Payment Corridor
Key Industries in Switzerland
- Precision Manufacturing
- Pharmaceuticals
- Machinery
- Watches
- Finance
Average Transaction: £90k-£450k
Typical Monthly Volume: £550k-£5.5M
Popular Supplier Types
- Precision instrument makers (Zürich, Basel)
- Pharmaceutical companies (Basel, Zug)
- Machinery manufacturers (Winterthur, St. Gallen)
- Watch manufacturers (Geneva, Neuchâtel)
What You Need to Know: Switzerland Payments
Regulatory Considerations
- Swiss National Bank oversight
- Swiss Customs documentation
- VAT (7.7%) on goods and services
- FINMA regulations for financial services
Payment Tips for Switzerland
- Switzerland = Precision manufacturing, pharma (Roche, Novartis)
- SIC enables instant CHF settlement
- High quality standards - expect premium pricing
- Multilingual (German, French, Italian) - language considerations
Why Choose Unicorn for Switzerland Payments
Local Rails, Not SWIFT
We use SIC (Swiss Interbank Clearing) and other local systems in Switzerland. Avoid 3-4% SWIFT fees and 2-3 day delays.
77% Lower Costs
Save £1,730 on every £100,000 payment. On £550k-£5.5M monthly volume, save up to £51,900 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Switzerland payments.
Real-Time FX Tracking
Upload supplier invoices in CHF. See live P/L as GBP/CHF rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Switzerland? Save 77%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Switzerland
For businesses with high annual FX volume. Not consumer transfers.