International Money Transfers for Business in Australia

Compare Australian business payment services

Start with the work you need to do regularly, because a low-cost invoice transfer and a complete payment administration system are different purchases.

Overseas invoices

9.2

Wise

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"Wise Business is used by 300,000+ businesses each year. Easy integrations with Xero, QuickBooks, FreeAgent and more are available."

Payments and team spending

8.8

Airwallex

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"Airwallex offers a comprehensive financial platform for businesses. Make global transfers to 150+ countries, receive funds in 20+ currencies. Connect with popular software for a seamless approach."

Currency accounts and dealer support

8.7

OFX

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"OFX Business offers multi-currency account to hold balances in up to 7 currencies. Make global payments to over 170 countries."

Marketplace income and Chinese suppliers

8.7

WorldFirst

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"WorldFirst helps growing businesses control cross-border costs with forward contracts and tailored FX solutions. Manage 40+ currencies and make international payments with specialist support on-hand."

Managed payments and currency contracts

8.6

TorFx

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"Make business tranfers 24/7 on TorFX's mobile & web apps. Benefit from their FX consultancy and risk management insights."

Payments through your existing business bank

?

CommBank

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Which service fits your business payments?

Wise Business for invoices without a monthly subscription

Wise suits regular contractor payments and overseas client receipts when you want a business currency account without a monthly subscription.

You pay for the transactions you use, with a one-off charge for the full account features rather than a continuing monthly plan.

I'd say consider it if you run a small consultancy paying overseas contractors, especially when its team access and accounting connections cover the administration you need.

The main limitation is that the fee depends on the currency and funding method, so the starting percentage will not describe every invoice.

Keeping customer receipts in the invoice currency can reduce repeated conversions, while the batch tool saves you entering each contractor payment separately.

Sending or converting more than A$2,000 in a month waives the A$8 same-currency cross-border payment fee for that month’s remainder and the following month.

Alternatively, an end-of-day balance of at least A$10,000 throughout the month qualifies for the following month, while batch payments are exempt.

Airwallex for payments, collections and employee spending

Airwallex makes more sense when you need several payment jobs in one service, rather than only an occasional international bank transfer.

You can combine currency accounts with supplier payments, employee cards and online customer payments, although the account plan does not include every transaction charge.

Explore supports ABA files, the Australian domestic bank-payment format, while international batch transfers require Grow or above.

I suggest choosing Grow when international batches or bill approvals remove regular manual work, rather than paying for it simply to make a larger invoice transfer.

The monthly prices include GST, and the Explore waiver counts qualifying deposits or the combined Wallet/Yield balance under the plan's conditions.

Earlier merchant onboarding can have different rates, including 3.40% for international cards and 0.40% for subscription billing, unless a pricing change applies.

The drawback is the number of separate cost categories, particularly if you collect foreign card payments and then convert the proceeds.

In my opinion, you should assess those collections separately from supplier transfers, because a free local payout does not make the customer-payment workflow free.

OFX Business for currency accounts with dealer support

OFX gives you a currency account and payment tools alongside phone support, rather than requiring every payment decision to happen through a self-service quote screen.

Its free Standard plan covers the account, cards and basic accounting feeds, while Full Suite adds more payment administration and spending controls.

I'd say consider it if your importing business wants help with currency commitments and also needs everyday supplier-payment records.

The current platform fees apply to new business onboarding from April 2026, with the fee schedule updated from 1 October 2026.

A forward can fix the exchange rate for a future invoice, but OFX normally requires an advance payment of up to 10%, potentially more.

Further advance funds can be requested, and cancellation can leave you owing market losses and expenses beyond the amount already deposited.

Full Suite is worth paying for when its approvals and accounting workflow replace regular administration, with the subscription continuing until you cancel it.

It would be less appealing for a single invoice if Standard already supplies the account and payment functions you need.

WorldFirst for marketplace income and Chinese supplier payments

WorldFirst connects overseas sales income with stock purchases, so you can receive marketplace proceeds and use the balance for commercial payments.

For an online retailer sourcing on 1688, China's wholesale marketplace, its World Pay connection lets you pay from your currency balance without opening a Chinese bank account.

That lets your sales proceeds fund stock purchases directly, which is useful when the same currencies recur on both sides of the business.

The absence of an account subscription helps, but currency conversion, international payouts and specialist supplier payments still have separate costs.

Physical cards have a separate application charge despite the free World Card headline, and Apple Pay and Google Pay are not currently available.

For forwards, a deposit typically between 3% and 20% can be required, with further margin calls and settlement obligations under the contract.

A target-rate order also needs a currency and deadline that fit the invoice, because an exchange-rate target cannot ensure your supplier is paid on time.

TorFX for account-manager help and future payments

TorFX is my preference here when you want an account manager to help arrange an overseas payment or discuss a future currency commitment.

You can agree the exchange and settlement directly, which can suit an equipment purchase or a sequence of import invoices with different due dates.

Its service is more focused on payment execution and currency contracts than employee expenses or a checkout system for your customers.

No transfer fee is useful, but TorFX earns a spread within your exchange rate, so the cost still depends on the quote.

The deposit is part-payment towards the transaction, and you must still provide the remaining balance by the agreed settlement date.

If your order executes, the trade becomes binding, so decide whether you can fund it before setting a target exchange rate.

I suggest choosing this service for the account-manager relationship, while using a broader business account if cards or incoming customer collections dominate your needs.

CommBank for payments through your existing business bank

CommBank can be the simplest fit if your team already manages cash and authorisations through CommBiz, with overseas payments alongside your domestic banking.

You can fund an international payment from Australian dollars or a linked foreign-currency account, with payment tracking and separate authorisation of submitted trades.

I'd say keep that workflow if it already works for your finance team, rather than assuming a specialist account always improves the process.

The payment channel and whether you convert currency change the charge, which is especially relevant when you already hold foreign customer receipts.

The usual receipt estimate is one–three business days, with cut-off times and the receiving bank affecting when your supplier gets the payment.

A zero sending fee does not settle the price comparison, because the bank's conversion rate and any remaining beneficiary charges still affect the invoice cost.

What can you do with an international business payment service?

Pay for imported stock or equipment

A wholesale order can require a deposit followed by a balance payment, so the service needs to handle the supplier's currency and both deadlines.

You might use a bank payment for a European machinery invoice, or World Pay for a purchase made on China's 1688 marketplace.

World Pay uses your CNH balance, meaning offshore Chinese yuan, rather than simply sending Australian dollars to the seller's checkout.

Keep the purchase reference with each payment, and agree whether your supplier needs the exact invoice amount after bank deductions.

For larger commitments, a currency broker can also help arrange settlement dates, although the payment and currency contract remain separate decisions.

Collect overseas sales income and reuse it

If you sell to US customers, receiving their payments into USD details can let you retain the proceeds for a USD supplier invoice.

That can avoid converting the same money into Australian dollars and then back again, while leaving your local operating costs funded separately.

WorldFirst's marketplace connections are relevant for online retail, whereas Wise's currency receiving details can suit direct client payments to a consultancy.

Receiving bank transfers or marketplace settlements does not, by itself, give you a checkout that accepts customer cards.

Your multi-currency account choice should therefore match the incoming payment method as well as the currencies you want to hold.

Pay distributed contractors without re-entering every transfer

A batch file can group payments to an overseas design or development team, while retaining each person's bank details, amount and currency.

Wise accepts CSV or XLSX files, which can reduce repeated entry when you pay the same contractors every month.

Airwallex's Australian ABA file is a domestic bank-payment format, so it does not replace the international batch feature available on Grow and above.

For payroll, keep the employment, tax and payslip process separate from the payment tool, rather than assuming successful bank transfers complete those obligations.

Accept international checkout and subscription payments

An Australian software business charging overseas customers needs payment acceptance and recurring billing, rather than only an account that receives bank transfers.

Airwallex offers checkout tools and subscription management, with processing, billing and settlement charges that can accumulate within one sale.

For a new account, an international card payment starts at 3.45% plus A$0.30, before applicable billing and currency settlement charges.

Choosing like-for-like foreign-currency settlement can help you keep the proceeds for foreign expenses, but that settlement has its own fee.

In my opinion, you should judge this workflow on the net revenue you retain and the billing work it removes, rather than the outgoing transfer tariff.

Control employee spending abroad

A travel business can issue individual employee cards and spending limits, rather than sharing one card number for overseas hotel bookings.

That also gives you a clearer record of who spent the money and which receipts still need to be reconciled.

Wise and Airwallex provide team cards, while WorldFirst's Australian card supports spending from currency balances with different physical-card and conversion charges.

Keep enough of the spending currency available when that avoids automatic conversion, and choose the plan that supplies the expense controls you need.

A card allowance is separate from an international bank-payment allowance, so spending and supplier invoices need their own cost checks.

Plan the currency cost of future invoices

If an import invoice is due in three months, a forward contract can fix the exchange rate before you pay the full settlement amount.

That gives you a known currency cost, but it also creates a commitment even if the supplier order later changes or the market improves.

OFX and TorFX can request further security during the contract, while WorldFirst's forward terms also allow additional margin calls.

Keep funds available for those calls and the final settlement, rather than treating the initial deposit as your maximum possible cost.

A limit order serves a different purpose, waiting for an agreed exchange rate that may never be reached before your invoice falls due.

I suggest using currency tools to match a real payment commitment, after understanding the funding obligations and potential cancellation losses.

Separate payment preparation from approval and accounting

If one employee prepares supplier payments and another approves them, configure those permissions before handing over account access.

WorldFirst supports roles and approval rules, and CommBiz separates submitting international payments from authorising them through your security credentials.

Accounting connections can also reduce manual reconciliation, although a bank feed and a complete two-way bill integration do different jobs.

Airwallex Grow and OFX Full Suite add administration features that may justify a subscription when you process invoices regularly.

For a platform building payments into its own product, an API connects its software to the service, with access and embedded functions under a separate commercial agreement.

OFX reserves API access for Custom, so ordinary business-account access should not be treated as approval to build a customer-facing payment product.

How to compare the cost of a business transfer

Ask each service for the Australian-dollar cost of delivering the same invoice amount, using the same currency and payment date.

That exposes both the sending fee and the exchange-rate difference, without giving an automatic advantage to a service advertising no transfer charge.

Then add the subscription, additional users and any incoming-payment or card costs your business will incur during the same month.

For example, five active Airwallex employee-card users add A$45 beyond the two included users, before the monthly plan and transaction charges.

Explore would therefore cost A$74 before transactions unless you qualify for its waiver, while Grow would cost A$144 with those five active spend users.

That is an illustration of the listed tariff, rather than a tested quote or a claim that either plan is cheapest overall.

If you are sending money to the United States for a USD invoice, also check whether the quote covers the full amount your supplier needs.

How to make international business payments

Compare the complete payment cost before choosing a service for your next overseas supplier invoice or contractor payment.

Questions about Australian business transfers