Transferring money to different countries often relies on payment systems because they offer speed and reduced risk compared to other methods. In Russia today, there are four leading payment systems that handle cross-border transfers, and an economist who serves as the Public Relations Director for KWIKPAY explains how to move funds without losing value through these channels.
The main reasons a transfer can fail or be delayed include inaccuracies in the recipient’s name or details, scrutiny from financial authorities when large sums are involved, and internal system limits driven by technical design. In the latter case, the advice is simple: contact technical support right away to understand the constraint and the best way forward. The key takeaway is that there are multiple stages in international transfers, but money does not simply vanish within the banking network; if the system cannot resolve the issue, it is prudent to reach out to both the sending system and the recipient’s bank, or the card-issuing institution involved in the transfer.
The time required for the recipient to access funds on their card varies with the issuing bank. Typical processing windows range from minutes to several days. Withdrawals are often possible within ten minutes of dispatch. If a transfer has not posted after three days, it is wise to contact the payment system’s support team rather than waiting any longer.
To cancel a transfer, users should navigate to the Transfer History within the payment system, select the target transfer, and choose Revert. After that, an SMS with a verification code is sent. Funds are returned to the card within five business days from cancellation, though the exact timeframe depends on the card-issuing bank that initiated the transfer.
If a mistake occurs in the recipient’s information, changes can be made prior to the payment being completed. The process involves going to the Translation History, selecting the transfer, and choosing Edit. Following these steps, an SMS may confirm the transaction. It is best practice to verify the recipient’s name and account details before initiating any transfer to avoid delays.
In cases of transfer cancellation, funds are not returned only if the payment has already reached the recipient. Otherwise, refunds are issued upon the sender’s request and follow the rules of the involved banks and payment systems.
If a money order was sent and delivery points in the recipient’s country are closed or unavailable, the sender should contact the payment system’s support. The entire amount, including any fees, can be refunded to the sender under these circumstances.
These guidance points reflect a careful approach to cross-border transfers and highlight the importance of accurate recipient data, awareness of processing times, and options for cancellation or correction when mistakes occur or when systems impose technical limits. The emphasis is on proactive communication with the payment system and banks to ensure funds reach the intended destination with as little friction as possible.
Historically, regulatory and security considerations regularly shape how transfers are processed across borders, and recent years have underscored the need for clear procedures when transfers move between national financial networks and international endpoints. By understanding the common causes of delays and the available remedies, senders can navigate these transfers with greater confidence and lower risk of lost funds.”