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 Known For Payment Methods Account Types
Score
i
Calculated through a series of indicators with editorial discretion
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  • 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
  • Bank transfer
  • EUR and GBP debit card
  • Currency wallets
  • Direct debit

Personal, Business, Online sellers

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

Speed

0-3 Business Days

Based on 5,505 reviews
  • Pay workers on-time without hidden fees in over 20 currencies
  • Receive international payments like a local
  • Set your own exchange rate on the marketplace
More Information
  • Bank transfers
  • Debit card (IR)
  • EFT or BPay (AU)
  • Personal, Business, Collection account
9.5

Onboarding Process

  • Create an account
  • Upload documents
  • Get verified
  • Account activated

Credibility

  • Regulated by the CBI, ASIC and MAS
  • Segregated customer accounts held in Tier 1 international banks
  • Offices located in Ireland, Australia, United Kingdom, Singapore, Hong Kong

Recurring Payments

  • Available via the app or web
  • Automatically collect payments from repeat customers
  • Any changes via the Recurring Transactions menu

Speed

0-2 business days

Based on 5,237 reviews
  • Multi-currency account, 39 currencies 200+ countries
  • Send and receive in GBP & EURO currencies at great rates
  • Zero transfer fees & manageable FX exposure via Marketplace
More Information
  • Bank Transfers
  • Direct Debit
  • Faster Payments
  • Currency Wallets

Business

9.1

Onboarding Process

  • Sign up
  • Add business info
  • Add director(s) info
  • Upload documents

Credibility

  • Authorized by the FCA & WFT
  • EMI license

Recurring Payments

Manage regular payments and reduce operational inefficiency with Verto’s payment scheduler

Speed

0-3 Business days

Based on 83 reviews
  • 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
  • Bank transfers
  • Debit cards (UK)

Business, Online Sellers

8.8

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

Speed

0-4 Business days

Based on 4,427 reviews
  • 0.4% conversion fee, no hidden charges 
  • GBP, EUR, and USD weekend transfers are available
  • Euro bank account in the UK
More Information
  • Bank Transfer
  • Starling debit card
  • Apple Pay
  • Android Pay

Personal, Joint account, Teen account

8.5

Onboarding Process

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

Credibility

  • British Bank Awards – Best Current Account Provider & Best Business Banking Provider
  • Authorized and regulated by the PRA and the FCA

Recurring Payments

Easily edit standing orders and scheduled payments through the app

Speed

Up to 2 hours

Based on 22,184 reviews
  • FX cut off times: same-day payments option
More Information
  • Credit/Debit Card
  • BACS
  • Direct Debit
  • CHAPS

Payments & Collection account

8.2

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

Speed

1-4 business days

Based on 1,868 reviews
  • Transfer funds directly to your local bank account
  • Manage payments from marketplaces in one place
More Information
  • Bank account
  • Credit card
  • Payoneer account

Receiving account

7.9

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

Speed

2-5 business days

Based on 27,182 reviews

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.

1
Score 9.8

Collect and send funds in EUR, USD, CAD, GBP and JPY

Manage multiple currencies from one simple online account

More Info +
2
Score 9.5

Receive international payments like a local

Pay workers on-time without hidden fees in over 20 currencies

More Info +
3
Score 9.1

Multi-currency account, 39 currencies 200+ countries

Zero transfer fees & manageable FX exposure via Marketplace

More Info +
4
Score 8.8

Full service 24/7 with online and phone

Zero OFX transfer fees and competitive exchange rates

More Info +
5
Score 8.5

0.4% conversion fee, no hidden charges

GBP, EUR, and USD weekend transfers are available

More Info +
6
Score 8.2

Dynamic & stable FX rates from as low as 0.15%

Collect international payments from global marketplaces

More Info +
7
Score 7.9

Flexible online reporting and messaging

Transfer funds directly to your local bank account

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
  • On CurrencyFair you can exchange your currencies right now at the best available rate, OR, request a higher rate and when it is reached, your transfer will take place

  • CurrencyFair offers great exchange rates that are up to 8x cheaper than the typical banks

  • With CurrencyFair you can stay in control of your business’s payments by creating custom roles, assigning tailored permissions, and enabling dual approval

Traditional banks are a very expensive way to do foreign currency transactions, and often they use old-fashioned legacy software for businesses as well. I’ve done over 850 transactions with CurrencyFair and we have saved many tens of thousands of dollars on transactions

David Pringle, managing director of Soundtheory Ltd
  • “VertoFX’s platform is a free web app that allows businesses to receive payments and do it all-no
    matter what stage of business you’re in

     

  • Make local and international payments in 39 different currencies, all from the same platform

Excellent and efficient – could not recommend more

Mark Harrison

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