Advertiser Disclosure

Top10payments.com is an independent professional comparison site that provides users with free and valuable information on leading payments services. Top10payments.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs. Fees and exchange rate data for banks taken from the International Money Transfer Index™ (IMTI™) and are updated from time to time.

Provider
Charges
i
“Charges” refers to the average margin that will be cut from your transaction when using a provider. It considers exchange rate, flat fees, and other factors.
Note:To get an exact rate, you must sign up and request a quote from the provider.
Known ForRisk ManagementAccount Types
Score
i
Calculated through a series of indicators with editorial discretion
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0.2%
  • Manage multiple currencies from one simple online account
  • Use local accounts to pay taxes and suppliers in foreign currency
  • Collect and send funds in EUR, USD, CAD, GBP and JPY
More Information
  • Hedging strategies
  • Rate alerts
  • Forward contracts
  • Market orders
  • Spot contracts

EUR, USD, CAD, GBP, JPY

9.8

Onboarding Process

  1. Create account
  2. Receive phone call
  3. Provide documents
  4. Complete registration

Credibility

  • Regulated by the FCA
  • Winner – MONEYAge Awards
  • The first European payment providers
  • Over 20 global offices and 500 currency experts

Recurring Payments

  • Upload multiple payment batches in 120 countries and 40+ currencies, including ACH, SEPA and SWIFT.
  • Integrate with your accounting and treasury systems for beneficiary management
~0.3%
  • Set up automated payments to send funds abroad
  • Zero OFX transfer fees and competitive exchange rates
  • Full service 24/7 with online and phone
More Information
  • Hedging strategies
  • Rate alerts
  • Forward contracts
  • Market orders
  • Spot contracts

EUR, AUD, HKD, USD, GBP, CAD

 

9.5

Onboarding Process

  1. Create an account
  2. Receive phone call
  3. Provide documents
  4. Complete registration

Credibility

  • Publicly listed on the ASX
  • Regulated by 50+ regulators including FCA and ASIC

Recurring Payments

  • OFX offers a batch file upload to pay up to 500 recipients
  • API solutions for corporates making hundreds of payments a day
~0.3%
  • Excellent exchange rates, no transfer fees
  • Comprehensive hedging solutions
More Information
  • Hedging strategies
  • Rate alerts
  • Forward contracts
  • Market orders
  • Spot contracts

GBP, USD, EUR

 

9.1

Onboarding Process

  • Registration
  • Validation process
  • Phone call
  • Confirmation

Credibility

  • Regulation: FCA, FinCen, ASIC
  • $115 billion transferred annually
  • NASDAQ listed parent with a market cap of $4.81bn

Recurring Payments

  • Consolidate multiple currencies in a single file
  • Automated payment verification and validation
  • Available as a standalone platform
  • Enables payment delivery on specific target dates
0.5%
  • Receive money like a local in USD, EUR, GBP, and more
  • Hold money in 50+ currencies
More Information
  • Hedging strategies
  • Rate alerts
  • Forward contracts
  • Market orders
  • Spot contracts

USD, EUR, GBP, AUD,

 

 

8.8

Onboarding Process

  • Registration
  • Validation process
  • Phone call
  • Confirmation

Credibility

  • Regulated by the FCA in the UK, FinCEN in the US

Recurring Payments

  • Make up to 1,000 payments in a single transfer
  • Wise batch payments tool lets you set up various payouts with the same unique features available on our consumer platform
0.5% – 0.15%
  • FX cut off times: same-day payments option
  • Dynamic & stable FX rates from as low as 0.15%
More Information
  • Hedging strategies
  • Rate alerts
  • Forward contracts
  • Market orders
  • Spot contracts

GBP, USD, EUR, CNH

 

8.5

Onboarding Process

  • Account creation
  • Verification call
  • Confirmation

Credibility

  • Authorized and regulated by the FCA
  • A 3A2 credit rating from Dun & Bradstreet

Recurring Payments

  • Worldfirst allows you to add numerous beneficiaries to a payment order
  • API solution – Worldfirst offers high-volume disbursements for large organizations
0-3%
  • Transfer funds directly to your local bank account
  • Manage payments from marketplaces in one place
More Information
  • Hedging strategies
  • Rate alerts
  • Forward contracts
  • Market orders
  • Spot contracts

USD, EUR, AUD

 

 

8.2

Onboarding Process

  1. Sign up
  2. Verify email
  3. Provide documents
  4. Approval

Credibility

  • Payoneer is regulated by various authorities including FDA, FinCen, EEA, FKB, ASIC, etc

Recurring Payments

Recurring payments are only supported for US businesses

0.4% + $15
  • Smart AP and AR automation
More Information
  • Hedging strategies
  • Rate alerts
  • Forward contracts
  • Market orders
  • Spot contracts

GBP, EUR, USD

 

7.9

Onboarding Process

  • Registration
  • Validation process
  • Phone call
  • Confirmation

Credibility

  • Bill.com provides bank-level security, firewalls, and encryption.
  • Bill.com Partners with a PCI certified provider for credit card payments

Recurring Payments

  • The Auto-pay option allows you to pay recurring bills automatically
1.5-5%
  • Outstanding tracking system
  • Fraud detection technology
More Information
  • Hedging strategies
  • Rate alerts
  • Forward contracts
  • Market orders
  • Spot contracts

GBP, USD, EUR

+25 currencies

7.5

Onboarding Process

  • Registration
  • Validation process
  • Phone call
  • Confirmation

Credibility

  • Paypal ranked 204th on the 2019 Fortune 500 list of the largest U.S. corporations based on annual revenue

Recurring Payments

  • Set up automatic payments and keep track of all your bills in one place

Advertiser Disclosure

Top10payments.com is an independent professional comparison site that provides users with free and valuable information on leading payments services. Top10payments.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs. Fees and exchange rate data for banks taken from the International Money Transfer Index™ (IMTI™) and are updated from time to time.

Outstanding, free multicurrency account

Score 9.8
  • Hedging strategies
  • Rate alerts
  • Forward contracts
  • Market orders
  • Spot contracts
More Info +

Full service 24/7 with online and phone

Score 9.5
  • Hedging strategies
  • Rate alerts
  • Forward contracts
  • Market orders
  • Spot contracts
More Info +

Comprehensive hedging solutions

Score 9.1
  • Hedging strategies
  • Rate alerts
  • Forward contracts
  • Market orders
  • Spot contracts
More Info +

Global business account for a company of any size

Score 8.8
  • Hedging strategies
  • Rate alerts
  • Forward contracts
  • Market orders
  • Spot contracts
More Info +

Dynamic & stable FX rates from as low as 0.15%

Score 8.5
  • Hedging strategies
  • Rate alerts
  • Forward contracts
  • Market orders
  • Spot contracts
More Info +

Transfer funds directly to your local bank account

Score 8.2
  • Hedging strategies
  • Rate alerts
  • Forward contracts
  • Market orders
  • Spot contracts
More Info +

Smart AP and AR automation

Score 7.9
  • Hedging strategies
  • Rate alerts
  • Forward contracts
  • Market orders
  • Spot contracts
More Info +

Outstanding tracking system

Score 7.5
  • Hedging strategies
  • Rate alerts
  • Forward contracts
  • Market orders
  • Spot contracts
More Info +
  • Offers various time-saving tools such as rate alerts, bulk payment set-up and fixed recurring payment features

  • The Currencies Direct batch feature allows you to pre-load mass payments in more than 40 currencies to 120 countries in a straightforward step

  • Currencies Direct integrates with some of the top online marketplaces including Amazon, eBay, Fnac, Groupon, Cdiscount and Priceminister

Currencies Direct have proven to be a professional, responsive, reliable international payments provider. Their service is extremely easy to use, and the level of communication has been invaluable in testing times, as has the superb assistance of our personal account manager

Peter van Veen, CEO VHC Global
  • The OFX platform is compatible with any mobile device and adapts to any screen size. It delivers a safe and efficient platform to make international payments while on the go.

  • OFX streamlines inbound payments from various marketplace providers via automated API integration.

  • OFX customers have 24/7 phone access to the business support team to make payments, confirm currency markets, and set up accounts.

Working with the banks they treat you like another number; file, next, file, next. OFX, on the other hand, treat you the way you want to be treated, and you form a rich business relationship because of it. I will make sure that the next generation of Zoratto also uses OFX

Andrew Zoratto, CEO, Zoratto Enterprises
  • Monitoring capability for up to 10 currencies of your choice

  • You choose the currency pair you want to monitor, and XE sends you an alert via email or the app when the rate reaches the amount you selected

  • XE’s team works closely with each client to define the most appropriate course of action

“Our customers like certainty. So they don’t want to be in a situation where they place an order in September, it’s delivered in November and the price is different. So they’re asking us to ensure against fluctuation and take the uncertainty out of it for them… We use Xe to reduce some of the risk that we have.”

Mark Milton, Director of Mark Milton Jewellery

Key Indicators to Compare Payment Solutions

Fees & Rates

Payment providers may charge a fixed transaction fee, a percentage of the transfer amount, or waive the fee altogether. The exchange rate offered by the provider is another crucial component of pricing that needs to be examined carefully. Consider the above factors when choosing a payment plan.

Integrations

If you are an online entrepreneur or the owner of a global enterprise, you likely work with third-party software and platforms such as accounting software, payment gateways, and any online marketplace on which you may sell. To simplify the payment process, payment providers typically offer seamless integration with relevant platforms. Check if the integration features offered by a provider are relevant for your business.

Payment Methods

The most popular payment method is, of course, bank transfer. However, when making global payments, sometimes your partners may ask you to pay them through less common channels (e.g. currency wallets, direct debits, BACS, ACH, and others). It’s important to ensure that your payment provider of choice supports the payment methods suitable to you and your partners.

Financial Standing

Most payment providers are safe and administered by regulatory agencies such as FCA and ASIC. If your business relies on large scale payments, however, regulations are not the only thing to consider for your safety. You should also be aware of other important collaterals:

  • Check if the company is listed on stock markets to better understand the status of its financial stability
  • Find out what credit options are available for future payments
  • Understand the amount of annual transactions

Hedging tools

Hedging tools are vital these days, especially when the fluctuations in the market are big and unpredictable. Options such as forward contracts, market orders and rate alerts can help you save money on your international payments. Check which provider offers what options and even more important, if you can manage your risks with the assistance of a market specialist.

Recurring payments

Payments made through recurring payments or mass payments are the option to pay out multiple recipients in one bulk transaction. Recurring payments save time and human resources but also can get you better exchange rates, which saves you a lot of money on every transaction