Cend Paymaster, provides international Paymaster Services to clients worldwide. Most individual or groups, when receiving large amounts of funds, want to place their funds with a neutral third party for disbursement. This protects the funds and provides for the professional distribution of the funds according to the written instructions of the client(s). In return for this service, the Paymaster charges a fee, that is negotiated in advance of the funds arrival into the Paymaster Account. This fee is deducted from the incoming funds and the remaining funds are professionally and quickly wired to the recipients according to instructions. Our services include:
*PAYMASTER
*FUND TRANSFERS
*ESCROW SERVICES
*TRUSTS - FOUNDATIONS
*INTERNATIONAL CONSULTATION SERVICES
The process begins when all parties within a transaction agree to use the services of a professional Paymaster Service. Cend Paymaster LLC will distribute a “Fee Payment Agreement (FPA)” to all of the parties receiving the funds. The “FPA” document outlines the exact amount of money each party will receive and how the funds will be disbursed to each person. Upon completion of the “FPA” and after the Funds are received, they will be distributed in a prompt manner, according to the written instructions of the “FPA”. The funds will be distributed to the receivers or Banks as specified within the document, or held in a Holding Account for later disbursement if requested by the Beneficiary.
Because Paymasters offer multiple receiving Bank Accounts, they typically charge varying amounts depending upon the receiving bank location and the amount of the entire transaction. The charges vary because some of the receiving bank accounts are more difficult to maintain or might require more legal assistance in order to accept larger funds however they are always very competitive and offer a valuable service for the fees being charged.
Please contact us for specific details on fees.
Cend Paymaster is comprised of a team or professionals that combined have over 60 years of experience in financial management. Our qualified financial professionals, are comprised of individuals with expertise in compliance, risk, money management as well as tax advisors.
We act as neutral 3rd party payment providers, and our clients can rest assured that our in house legal team provide transactional support, ensuring all the necessary due diligence, KYC and AML is adhered to, as required for a seamless paymaster transaction.
Please contact us if you cannot find an answer to your question.
The details of the “FPA” as well as the client – beneficiary personal information is held in strict confidence after it has been received. This includes the names of the various Individuals, contact information, companies, bank information, agencies within the “FPA”, “Payout Amounts” and where they are to be distributed.
As soon as you are involved in a financial transaction that requires the service, you should contact the Paymaster to begin the process. When you register for the Paymaster Services and complete the agreement, you may select the banking institution - location that you prefer and you will receive the co-ordinates for that Paymaster Account.
Providing that all your documentation is completed, typically the funds are wire transferred to your account within 48- 72 hours after they are received by the receiving bank and the funds are cleared.
The Paymaster Service is designed to disburse the funds to a specific individual or multiple individuals or multiple companies. You can be assured that the total focus is on providing a smooth transaction procedure.
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You can Trust in Cend Paymaster LLC to mitigate the risk involved in high-profile business transfers.
1309 Coffeen Avenue, Sheridan, Wyoming 82801, United States
Monday - Friday: 9am - 6pm
Saturday - Sunday: By appointment
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