There are many different ways by which you can make international payments when dealing with international business. Which methods you choose can vary depending on how much you are sending, but you should also be aware that some methods are much more secure than others too, which is especially essential when you are sending large amounts of money.
Some businesses may use e-payment systems such as Paypal and 2checkout.com; however for most businesses, these are not appropriate. Orbian can be used for larger businesses, although security is an issue with online payment systems, which is why they are often best avoided.
International wire transfers are the most traditional method of making overseas payments and they are also the most direct, meaning the money goes into the account as quickly as possible. The disadvantage to this method is that banks very often have substantial charges for carrying out wire transfers.
Cheques and credit cards are also occasionally used for making international payments, although it is rare for large companies to use credit cards. Cheques are not common these days, and they take a few days to clear most of the time, which is something you might want to avoid.
Another option is to use a specialist company to make international payments. This way, you will be guaranteed security, good exchange rates and expert advice without any hidden fees. Many large businesses prefer this option, whether they make a few or many international transfers.
At Pure FX, we offer a money transfer service that is both secure and fast, meaning you need not worry about losing out in any way.