Paying Indonesia from Canada: fund in Canadian dollars, pay in rupiah, 1% all-in

Short answer. A Canadian business funds its Storspay balance in Canadian dollars — Interac e-Transfer or EFT, free — and pays rupiah in Indonesia from that balance at the mid-market CAD rate for 1% all-in. There is no detour through US dollars and no C$30–50 wire fee; the recipient's bank sees a domestic credit, usually within minutes.

Why Canadian payers lose twice on a wire to Indonesia

A Canadian bank usually converts CAD to USD at its own spread, then sends a USD wire that is converted again at the receiving end at another spread, with a correspondent bank in between. Two conversions, three fees, five days. Storspay converts once, CAD to rupiah, at the mid-market rate.

Funding in CAD

Interac e-Transfer for amounts up to the daily limit your bank allows, EFT or domestic wire for larger amounts, both free and both to account details in your own company's name. The balance shows in CAD and USD; you pay Indonesia from either.

Who this is for in Canada

Software companies in Toronto, Vancouver, Montreal, Calgary and Ottawa with developers in Indonesia; agencies with design and support teams there; importers in the Prairies and Ontario buying from Indonesian manufacturers; Indo-Canadian, Filipino-Canadian and other diaspora-owned businesses with suppliers and staff back home. Storspay is operated by StorsApp Inc., a federally incorporated Canadian company with offices in Calgary and New York.

What is different about Indonesia

Indonesia is Southeast Asia's largest economy and a bank-account market: salaries and supplier invoices are paid to BCA, Mandiri, BNI or BRI accounts, and the domestic BI-FAST rail moves money in seconds. Rupiah amounts are large (a US$1,000 invoice is roughly Rp 18 million), so the exact figure matters and a rate that is a few per cent off is visible to everyone. Storspay quotes the mid-market rate, shows the 1% on its own line, and the recipient's bank sees an ordinary domestic credit in rupiah.

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

Is the CAD rate mid-market too?

Yes. The calculator shows 1 CAD in rupiah at the mid-market rate; the 1% is on its own line.

Can I pay from a Canadian bank account directly?

You fund your Storspay balance from your bank account (Interac or EFT, free) and pay from the balance. Funding usually credits the same business day.

Does the recipient need to know I paid in CAD?

No. They receive rupiah; the receipt shows the CAD amount, the rate and the rupiah delivered.

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.