Recipient amount is the amount a Recipient is expected or confirmed to receive in the payout currency. An estimate belongs to a quote. A confirmed amount requires evidence of completed credit or another clearly defined milestone. Those labels should not be treated as interchangeable.
How is it calculated?
Estimated Recipient amount = send amount × applied exchange rate − applicable payout deductions
If USD 10,000 converts at an illustrative 61.875 PHP per USD with no payout deduction in the example, the estimate is PHP 618,750. This is arithmetic, not a live quote.
| Label | Evidence | Meaning |
|---|---|---|
| Estimated | Quote with assumptions and expiry | Expected if quoted conditions hold |
| Instructed | Submitted payment instruction | Requested, not proof of receipt |
| Confirmed | Credit or settlement evidence | Confirmed at the stated milestone |
The quoted amount can still change before acceptance
- The FX quote expires.
- An intermediary or receiving bank deducts a charge.
- The receiving bank converts the funds again.
- The payment is returned and converted later.
Why invoice currency matters
A PHP invoice may require a fixed PHP credit. A USD invoice paid to an eligible USD account can avoid conversion during that payment, though cross-border charges may remain.
If a Currency Account already holds the payout currency, the payment may not need a new conversion at that point. Otherwise, use the estimated Recipient amount in Quotable Payments only within the quote terms and expiry shown.
