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 | Known For | Payment Methods | Account Types |
Score
Calculated through a series of indicators with editorial discretion
|
Get Started | |
|---|---|---|---|---|---|---|
|
Moneyfacts award-winner
1
|
|
|
AUD, EUR, USD, CAD, GBP, JPY |
9.8 | ||
Onboarding Process
Credibility
Recurring Payments
Speed0-3 Business Days |
||||||
|
2
|
|
|
Business, Online Sellers |
9.5 | ||
Onboarding Process
Credibility
Recurring Payments
Speed0-4 Business days |
||||||
|
3
|
|
|
Payments & Collection account |
9.0 | ||
Onboarding Process
Credibility
Recurring Payments
Speed1-4 business days |
||||||
|
4
|
|
|
Receiving account |
8.8 | ||
Onboarding Process
Credibility
Recurring PaymentsRecurring payments are only supported for US businesses Speed2-5 business days |
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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.
Great exchange rates, no transfer fees
0-3 Business Days
AUD, EUR, USD, CAD, GBP, JPY
Send and accept multi-currency payments
0-4 Business days
Business, Online Sellers
Collect international payments from global marketplaces
1-4 business days
Payments & Collection account
Transfer funds directly to your local bank account
2-5 business days
Receiving account
Recurring payments are only supported for US businesses
“From the initial call to the end of our transaction – I found the staff nothing short of amazing. Really friendly, warm and engaging – it was fantastic. It made the process easy!”
Michelle
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
Receive funds from international marketplaces with Worldfirst local currency accounts
Repatriate your earnings using our secure 24/7 online platform
Keep more of your marketplace profits with Worldfirst tiered pricing. Up to 85% cheaper than the high street banks.
“Our small business has been using WorldFirst for about 5 years to transfer purchase payments to our international suppliers particularly in China. We regularly save about 3 percentage points over what our regular trading bank would give us on transactions”
Bob RobinsPayment 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.
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.
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.
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:
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.
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
