Remittance payments are sent from a payer to a payee through the use of one or more intermediate agents or third-party financial technologies to handle any fees or exchange rates that may be applicable. The transfer is initiated by a person or business that want to send a remittance payment; the intermediate agency collects any fees that may apply. The receiving agency is alerted of the incoming money and applies any exchange rates; in some situations, the receiving agent deducts an extra charge from the incoming cash. Depending on how the foreign payment is sent, this procedure might take up to 5 business days. Visit Us to know more at PayScanner.