International Business Payments

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International Business Payments

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International Business Payments:
Expand into new markets

Many businesses have a desire to move into new markets as they look to expand, which causes many to move their business abroad, open overseas subsidiaries, or make business payments to suppliers abroad. Whatever the need, making an international business payment requires careful planning, professional guidance and support.

For every business, it’s also imperative that your money works as hard as possible. When it comes to making international business payments, you have to identify the right opportunities and make informed decisions based on the current market situation, but this does not come without its challenges.

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Challenges:
International Business Payments

Speak to a specialist at NewbridgeFX to discuss how we can help you make international business payments

Facing The Challenges of Making Business Payments Abroad

Businesses might make international payments for a number of reasons but there are a number of factors to consider, including the management of multiple currencies, exchange rate fluctuations and tax issues. Before making an international payment, it’s therefore crucial for businesses to consider ways to mitigate risks related to currency and market volatility.

Making an international business payment can be streamlined and well-managed when you have the support of a foreign exchange specialist like NewbridgeFX. If you have regular overseas payments and contracts then we can help you make an international business payment, whilst managing and mitigating currency risk. Spots contracts allow businesses to make an immediate money transfer at the current exchange rate, whether that be to pay an overseas supplier or pay overseas staff. A forward contract is another risk management solutions allowing businesses to secure an exchange rate today to complete a transfer at a later date with a 12 month period.

In addition to this, it’s also important that businesses monitor currency exchange markets in real-time as a way of ensuring you take action at the right time. This enables you to make international business payments at the right time, so you can take advantage of strong exchange rates.

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Foreign Exchange Broker:
International Business Payments

Foreign Exchange specialist

Businesses can often be hit with high fees when making payments via banks. Whilst most businesses are aware of the flat transfer fee that banks charge, less favourable exchange rates, third-party or intermediary bank fees and receiving fees are often overlooked and can come as a surprise to businesses.

With NewbridgeFX, you can avoid these fees when making international business payments and protect your money with risk management solutions. By registering for a business account with us, you can make international business payments with no fees and enjoy fast, secure and reliable payments to over 200 countries. What’s more, with NewbridgeFX, your payments will also be settled the same day, so you can avoid lengthy payment transfer times and delays.

 Sign up for a NewbridgeFX business account today for your international business payment needs.

FAQ:
International Business Payments

Products:
Manage Risk

NewbridgeFX offers a specialist service in the deliverable foreign exchange market, promoting a range of products and services, available online or over the phone. Our products have been designed to meet the needs of our clients when sending money overseas, and are ways for businesses, and individuals, to manage and mitigate currency risk. 

Spot Contract

Lock in an exchange rate for immediate onward settlement. Funds can be received the same day.

Forward Contract

Lock in an exchange rate today, but for settlement at a later date that suits you, up to 12 months in the future.

Market Order

We monitor the markets real time and take action to trade between currencies when your desired rate is achieved.

Rate Alerts

Set an alert for phone or email notification when a rate has been achieved to take advantage at the best time.

Benefits:
NewbridgeFX

collection accounts

Multi-Currency Account In Your Company Name

Receive funds from your customers in to your own named collection account, using one account number for all currencies, or a local in-country account number still in your company name.

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Create And Manage All Your Beneficiaries

Add and manage your beneficiaries, perform bank account validation & verification checks as you enter your beneficiary details & bulk upload multiple beneficiaries via a CSV file.

fast

Make Fast & Secure Payments To Over 200 Countries

Real time Swift and local payments are settled the same day, within minutes of processing (currency/country dependant), and payment tracking capabilities allow you to keep updated on the payment status.

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Multi-Currency Balances

Hold multiple currencies and access balance information in supported currencies. Receive, convert, send and move money between your multi-currency accounts without making payments.

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Convert Over 100 Currencies, 24/7, Using Multiple Devices

We provide informative, up to date market news, including updates on currency movements, upcoming economic events and announcements that impact the foreign exchange market.

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Real-time Reporting And Tracking

View and track all conversions, payments and incoming funds using our online platform, and receive email notifications when funds have been received, conversions processed and payments released.

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