Paying suppliers and manufacturers in Indonesia: deposits, balances and the exact rupiah on the pro-forma

Short answer. A supplier in Indonesia quotes in rupiah or in dollars, asks for a 30% deposit and the balance against the shipping documents, and will not release the goods until the money is in the account. Storspay pays the exact figure on the pro-forma to the supplier's bank — BCA, Bank Mandiri, BNI — at the mid-market rate for 1% all-in, usually within minutes, with the pro-forma number on the receipt. No correspondent bank, no short arrival, no week of waiting.

Who buys from Indonesia

software and design agencies, Bali-based creative studios and developers, furniture, textile and handicraft manufacturers, coffee, cocoa and spice exporters, customer-support teams — the buyers are importers in Nigeria, Kenya, Ghana and South Africa, distributors in the Gulf, and companies in the US, Canada, the UK and Europe sourcing from Jakarta, Bandung, Surabaya, Yogyakarta and Bali. The supplier wants two things: the money to arrive exactly as invoiced, and to see it before the container leaves.

Deposit and balance, without the gap

Pay the deposit from your Storspay balance with the pro-forma number as the reference. When the documents are ready, pay the balance the same way; the supplier's bank shows two domestic credits that match the two invoice lines. If you buy from several suppliers, Run Payroll pays them in one batch with one fee line.

Paying from Africa

A business registered in Nigeria, Kenya, Ghana or any of our other African corridors funds its Storspay balance from its own local bank or mobile money at 2% and pays the Indonesian supplier from that balance at 1% — no dollar queue at the bank, no agent, and a receipt that names the importer and the pro-forma. See Pay abroad from Africa, Latin America & Asia.

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.

Documents, tax IDs and what the recipient's bank may 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.

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

The supplier wants US dollars, not rupiah. Can you do that?

Storspay pays Indonesian bank accounts in rupiah. Most suppliers who quote in dollars are happy to receive the rupiah equivalent at the mid-market rate on the day — it is usually more than their own bank would have given them for the dollars.

Can I pay a supplier before my own verification is finished?

No. Business verification (KYB) comes first; it usually takes a day. After that every payment is immediate.

How do I show the supplier the payment is on its way?

Every payment has a receipt with the reference, the rupiah amount and the status; forward it. The supplier's bank shows the credit within minutes of "Sent".

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.