Home International Business Transfers

International Business Transfers

The financial services industry is booming and due to increased accessibility to global markets, more and more companies are able to engage in overseas business. As a result, regular international money transfers has seen the demand for streamlined overseas operations grow exponentially. In this guide we will outline the best way to seamlessly send money abroad, highlighting the advantages of using a B2B international transfer service. 

Compare Rates
United States

Whatever type of global remittance your business primarily deals with – be it one-off transfers or mass international payments – being penalised for sending funds overseas is not something any company wants to pay for. As well as potential penalties, business owners should keep a watchful eye on the mounting costs that come with business transfers: from high interest rates to transfer and commission fees. At MoneyTransfers we strive to help our customers get the most out of every international transfer and make their money go further.

Money transfers for business

Understanding Foreign Exchange Risk
Being on the receiving end of an undesirable exchange rate can be detrimental to any type of international transfer, no matter the size or destination country, but it is especially damaging to international business transfers that make regular mass payments. Foreign exchange risk, or FX risk, derives from the exposure of an organisation during international transactions in a foreign currency. This guide will help any company or business understand key risks and mitigate potential loss of assets.
Guide to Business Currency Exchange for International Transfers
At a glance…  Exchange rates dictate the amount of foreign currency that one currency can buy or sell; for example, the current exchange rate of GBP to USD at the time of writing is 1:1.3853799. The value of a currency will therefore affect the amount of money it can be exchanged for and this means […]
About VertoFX VertoFX was born out of a friendship between two entrepreneurial friends, Anthony Oduwole and Ola Oyetayo. The Nigerian-born, British ex-bankers set up the company in 2017, launching it in London’s financial district and establishing it as a fully regulated UK money transfer company. It is known as a currency exchange marketplace designed to […]
International Business Transfers
The financial services industry is booming, consequently increasing accessibility to global markets for businesses everywhere. As a result, more and more companies are engaging to regular international money transfers and the demand for streamlined overseas operations is growing exponentially. In this guide we will outline the best way to seamlessly send money abroad, by highlighting the advantages of using a B2B international transfer services. 
Top 5 FX Partners for International Business Transfers
What exactly is an FX partner? The term FX partner, or forex partner, is used to describe a company’s affiliation with a third-party trader that specialises in foreign exchange. How does an international business transfer work? An international business transfer is the process of moving money from one account to another account in a different […]
Mass International Payments for Business
As the world of online money transfers continues to evolve, so does the number of service providers offering streamlined mass payment solutions. The ability to arrange bulk payments to multiple international contractors, vendors and supply chains is an invaluable asset for businesses, no matter big or small. In this guide we will run through where to find the best deals for mass global payments and how these companies are tailoring their services to meet the needs of corporate clients.

Personal transfers vs Business transfers: What is the difference?

The first thing to consider when making an international business transfer is “how does this type of overseas payment differ from a personal money transfer?”

Generally speaking, the main difference between a personal and business remittance is looking at where the funds originated and who they are being sent to. There are numerous ways to move funds from A to B, and both personal and business customers can arrange international payments over the phone, online or in-person, regardless of the method.

The term “personal money transfer” generally applies to an individual customer who endeavours to send money to another individual. Anyone setting up a personal money transfer would register as a private client when signing up with a money transfer company. 

On the flip side, customers conducting money transfers on behalf of a business, should sign up for a corporate account, in the interest of financial compliance. 

Whether you are a small business or a larger operation, companies of all shapes and sizes can benefit from the bespoke services of a B2B payment platform. This is due to the specialist approach these companies take when moving money overseas on behalf of corporate clients. B2B service providers are in a better position to offer competitive commercial exchange rates and faster processing times, as well as being able to support large international transfers.

How can money transfer companies help your business?

Many of the leading money transfer providers currently operating in the remittance space offer tailored international B2B transfer services which are safer, faster and cheaper than the cost of a traditional bank transfer. 

Leading money transfer companies such as TorFX, Wise and Key Currency specialise in helping businesses move money around the world, offering plenty of flexible options such as spot and forward contracts, market orders, business funding and multilingual customer support.

Due to the nature of their business, money transfer companies commit 100% of their time and effort to securing the most desirable foreign currency exchange deals for their customers; as opposed to banks who primarily focus on other financial services such as loans, credit and online spending.

There are countless providers to choose from, but to make it easier for our customers, we have reviewed the biggest and best in the industry. Head over to our Companies page to check out our full reviews.

The benefits of using a money transfer company

best way to send money customer service
April Summers

April is a trained journalist and the Content Editor for MoneyTransfers.com. She has 10 years experience writing about a diverse range of subjects, from financial services to arts and entertainment. When she’s not writing about global remittances she can be found daydreaming about her next holiday abroad.