We wanted to update you on some important news. Cint is working to increase transparency and accuracy of overall invoicing to improve the supplier experience when working with us and buyers within our open exchange.
Accordingly, Cint is taking this opportunity to provide greater clarity on the fee descriptions set out in the supply partnership agreement and we kindly ask you to sign this Addendum.
As set out in the Addendum, Cint will apply a 5% charge on the gross payment received by us from our customers if we need to convert the payment into your preferred currency (i.e. when you are paid in a different currency to that used by the customer). This is to cover the expected costs incurred by Cint in terms of e.g. bank fees, treasury handling cost, conversion costs, potential hedging and/or risk exposure/premium. This is always calculated based on the current market exchange rates and happens before the revenue share is calculated.
Please don’t hesitate to contact us with any queries: