Paying Indonesia from abroad: 15 questions businesses ask, answered

Short answer. Storspay pays Indonesian bank accounts — BCA, Bank Mandiri, BNI — at the mid-market rate for 1% all-in (minimum US$2), usually within minutes, from a business balance funded in USD, CAD, GBP or EUR. Recipients need no account. Getting paid from Indonesia is not yet live. The fifteen questions below cover everything else businesses ask before the first payment.

Rate, fee and speed

What rate does Storspay use for Indonesia?

The mid-market rate at the moment you confirm — today 1 USD = 17,893.30 IDR — locked for that payment and printed on the receipt.

What is the fee to Indonesia?

1% all-in with a US$2 minimum. Nothing is deducted on the recipient's side.

How fast does the money land?

Usually within minutes over BI-FAST; the same business day at most.

Is there a limit per payment?

Large payments are split automatically under the local channel cap, under one reference and one fee.

Recipients

Which banks can you pay in Indonesia?

BCA, Bank Mandiri, BNI, BRI, CIMB Niaga, Permata and the other BI-licensed banks.

Does the recipient need a Storspay account?

No. They receive a domestic credit in rupiah and a notification with the amount and your reference.

Can you pay mobile wallets in Indonesia?

Not yet — bank accounts today, wallets on the roadmap.

Can I pay in dollars to a dollar account in Indonesia?

Storspay pays rupiah to Indonesian banks. A recipient who wants dollars can open a free Storspay sole-trader account and hold USD in their own name.

Documents and compliance

Do I need a licence?

No — you are a business paying invoices. Storspay and its licensed partners hold the licences.

What will the recipient's bank ask?

Indonesian banks report foreign-currency inflows to Bank Indonesia and may ask the recipient for the underlying invoice or contract, particularly above US$10,000 equivalent, and for the company's NPWP (tax number). Payments arrive as rupiah credits from a local bank, so the recipient does not receive foreign currency and has no conversion to arrange. Keep the invoice, the Storspay receipt and the recipient's NPWP on file; an Indonesian exporter will also want the payment to match the invoice number for its own tax filing.

Who pays Indonesia

Can I pay from Canada in Canadian dollars?

Yes — fund by Interac or EFT, free, and pay rupiah at the mid-market CAD rate.

Can a business in Nigeria, Kenya or Ghana pay a supplier in Indonesia?

Yes. It funds its Storspay balance from its own bank or mobile money at 2% and pays the Indonesian supplier at 1%. See Pay abroad.

Can an education agent or scholarship office pay tuition in Indonesia?

Yes — to the institution's bank account with the student's name and admission number as the reference. Storspay is for organisations, not personal transfers.

Can a medical-travel facilitator or insurer pay a hospital in Indonesia?

Yes — the deposit and the final bill in rupiah, with the patient's name and estimate number attached.

Can I get paid from Indonesia?

Not yet. Payment requests work from our 26 African, Latin American, Cambodian and Sri Lankan corridors; Indonesia is pay-out only for now.

How a payment to Indonesia works on Storspay

1. Fund your balance in USD (ACH or wire), CAD (Interac e-Transfer or EFT), GBP (UK bank transfer) or EUR (SEPA) — to account details in your own business name. Funding is free.
2. Add the recipient once: their name as it appears on the account, the bank (BCA, Bank Mandiri, BNI, BRI, CIMB Niaga, Permata and the other BI-licensed banks) and the account number. Storspay checks the account name before you confirm.
3. Type the amount in either box. Enter what you want to send and see the rupiah that land, or type the rupiah figure on the invoice and see what it costs you. The rate is the mid-market rate; the 1% is on its own line.
4. Confirm. The money goes over BI-FAST and usually lands within minutes — the same business day at most. The recipient gets a notification with the exact amount, and you get a receipt with the invoice reference.

Nobody in Indonesia has to sign up, install an app or touch anything other than their own bank account. Everything on the recipient side looks like an ordinary domestic transfer.

What it costs

Storspay charges 1% all-in on payments to Indonesia, with a minimum of US$2, at the mid-market rate. That one line covers conversion, settlement and delivery; there is no FX markup, no intermediary-bank charge and nothing deducted on the recipient side.

Rates in this guide are the mid-market rate on the day of writing (1 USD = 17,893.30 IDR); the calculator on the homepage shows today's. Large payments are split automatically under the local channel cap, under one reference and one fee.

See what your team in Indonesia receives →

Questions businesses ask before the first payment to Indonesia

Which Indonesian banks can you pay?

Any bank licensed by Bank Indonesia — BCA, Mandiri, BNI, BRI, CIMB Niaga, Permata, Danamon and the rest. You enter the account number and the bank; Storspay verifies the account name before you confirm.

Why does the rupiah amount look so large?

Because the rupiah is a small unit — roughly Rp 18,000 to the dollar. Storspay shows the full rupiah figure with the mid-market rate on the same screen, so you and the recipient read the same number.

Can I pay a GoPay, OVO or DANA wallet?

Not today. Storspay pays bank accounts in Indonesia; e-wallets are on the roadmap. Most wallet users also have a bank account at BCA, Mandiri, BNI or BRI.

Who this is for — and who it is not for

Storspay is for businesses and organisations: companies, agencies, schools, hospitals, facilitators, foundations and sole traders paying other businesses and professionals for work, goods and services. A sole trader counts as a business and signs up in their own name.

What Storspay is not is a personal money-transfer service. We do not open personal accounts, and every payment has to be a business transaction: an invoice, a contract, a fee note, work delivered. Money to family and personal transfers are not what this is, and we would rather say so now than at verification.