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.
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.
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 payment fees and enjoy fast, secure and reliable payments to over 200 countries. What’s more, with NewbridgeFX, your payments will typically be settled the same day (dependant on country/currency), 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
Answer
Once released, funds can clear into the recipient’s bank account within minutes. This is currency and country dependant, yet funds will clear the same day for the majority of payments
Answer
Speak to one of our specialists who will discuss and understand your requirements, and offer you market leading exchange rates
Answer
Some foreign exchange brokers can charge fees if you are transferring under a certain amount. But NewbridgeFX will not charge you a payment fee regardless of the amount you are sending
Answer
See our Supported Currencies page for further information on the currencies and countries we support
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 to settle immediately. Funds can be received the same day for most currencies.
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
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.
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.
Make Fast & Secure Payments To Over 200 Countries
Real time Swift and Local payments are settled the same day, for most currencies, within minutes of processing. Live GPI Payment tracking capabilities allow you to keep updated on the payment status.
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.
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.
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.