Make international business payments on time, for less
Discover business accounts built for companies like yours. Our online platform provides a fast and simple way to pay international suppliers and transfer money abroad with competitive rates.
Maximised profits
Our no-nonsense transfers with low fees and competitive currency exchange rates make TransferGo up to 9 times cheaper compared to traditional banks. No sign-up fees. No monthly fees. What you see is what you pay. (And no, there isn’t a catch).
Introducing our multi-currency account for global businesses
Now you can hold, exchange, and send multiple currencies all in one place, giving your business the flexibility and power it needs to thrive in international markets.
Total peace of mind
We’re your reliable business payment partners. And we’ll make sure your transfers arrive on time. Knowing your money will be safeguarded means you can rest easy when it comes to making international business transfers.
Specialised customer support
With an average rating of 4.7/5 on Trustpilot, our top-notch Customer Support team knows and means business. You’ll get your own dedicated agent who you can contact by email, phone or online chat. They’ll always give you the help you need, fast.
Rated — Excellent
From reviews on Trustpilot
Rated — Excellent
From reviews on Trustpilot
Here’s how we support your international payments
Save time with
batch payments
Our batch payments feature makes complex group payments so much easier. You can pay up to 50 suppliers, team members and contractors in one go, and reach multiple countries with a single local payment.
Track your transfer
With your TransferGo business account, you can track and keep track of any transfer you’ve made—and even share a link with the receiver, letting them know when their money will arrive. We’ll show you every step, from the money reaching our account to the money reaching theirs.
Safe, reliable business payment services
Guaranteed delivery
Your money is safeguarded with a trusted financial institution until payout. Should a transfer not go to plan, you’ll get your money refunded. It’s as simple as that.
Secure and trustworthy
We use advanced encryption with institution-grade security, while our orderly onboarding and compliance processes keep your money safe cross-borders.
FCA approved
As an authorised electronic money institution, we report to the Financial Conduct Authority (FCA). We’re also regulated by EU and UK law.
A note from our users…
Here’s what our customers say about making international business payments with TransferGo…
Irma, Founder of Directors Lab
“TransferGo has been crucial for Directors Lab. Their business money transfers are timely and transparent. I was able to focus on providing high-quality training while sending cost-effective payments to lecturers. All without the hassle of high costs and hidden fees!”
Raimonda, Nomi Fame
“Our business faced significant challenges with international refunds, relying on slow and costly methods like Wix and PayPal. However, with TransferGo, I now enjoy low fees, fast transactions and a user-friendly interface. This shift has resulted in up to 5-8 times cheaper refunds, improved customer service and streamlined operations!”
Evaldas, MB Pirmas Pasirinkimas
“Traditional bank transfers used to take days, but with TransferGo, I’m able to transfer money in around 30 minutes. This has given me a competitive edge to secure deals quickly. The platform is simple and reliable and the real-time notifications are reassuring. TransferGo has both streamlined my transactions and boosted my confidence in negotiations!”
Best ways to make an international business payment
Bank Transfer
Bank transfers are a popular option for funding your business money transfer. They take a little longer than debit or credit card transfers but they’re secure and reliable and offer the best value.
Debit Card
Paying with a debit card makes your business transfers super fast—great for urgent online payments. However, they cost a little more than bank transfers as they’re charged at a higher (but still low) fee.
Credit Card
You can also pay with both Visa and Mastercard, keeping it easy. Like debit card payments, they’re flexible and super simple to access.
PISP
Some money transfers are enabled by a third-party financial entity called Payment Initiation Service Provider, or PISP, which facilitates real-time access and integration for seamless online transactions.
Swift
When funds are processed, payment institutions use Society for Worldwide Interbank Financial Telecommunication (aka SWIFT), a global messaging network that secures and executes cross-border payments.
Apple Pay
If Apple Pay is enabled on your phone, you can use your mobile wallet to send business money transfers to certain countries. It’s quick and easy but check with your bank first in case they charge you extra fees. TransferGo Business doesn’t offer this functionality at the moment—but we’re planning to.
Google Pay
You can also send money to certain countries using Google Pay if mobile wallet is set up on your Android. All you need is your receiver’s mobile number. This isn’t a functionality TransferGo Business offers at the moment—but watch this space.
Frequently asked questions
What is an international payment system in business?
An international payment system is an infrastructure that facilitates cross-border money transfers between individuals, businesses or organisations.
There are many different types of international payment systems including SWIFT, SEPA and even cryptocurrency. When sending international payments with TransferGo, you can rest assured that your transfers are fast, secure and compliant.
How do I send international business payments?
Transferring money to a business account is as simple as sending money to a personal one. The only difference is we ask for a few more details before we make your transfer. This includes the purpose of your transfer (paying suppliers or forward contracts, for example) and certain references, depending on your corridor.
Sending business transfers with TransferGo is easy. Simply sign up for free, register your identity and account details and follow the prompts to pay with your chosen payment method. You can download the TransferGo app for iOS, Android and Huawei from the App Store, Google Play and Huawei Gallery. You can also register and send money online using your computer, if you prefer.
How much does it cost to make an international business payment?
When you sign up to send business global payments with TransferGo, your first two transfers to all destinations are free! (Regardless of whether you’re making the payment on weekends or business days).
After that, we keep fees and pricing low. The amount you pay depends on your payment corridor and transfer method but we’ll always be honest and transparent with our fees to minimise your costs and ultimately, improve your business cash flow.
Bank transfers are the cheapest way to send money; they come with zero transfer fees and arrive the next day. Meanwhile, card transfers are instant, arriving within 2-3 minutes. You usually have to pay a low, flat fee for this service. But we’ll always be upfront about it. No hidden fees, no nasty surprises.
How can I get the best exchange rate on international payments?
Compared with other business money transfer apps, TransferGo is cheaper and always has great exchange rates. Foreign currency exchange rates change all the time but you’ll soon discover that we always try to offer you the best rates on all of our electronic money transfers.
Foreign exchange rates are fixed at the time you order your transfer.
What is a BIC or IBAN number?
A BIC (Bank Identifier Code) and an IBAN (International Bank Account Number) are both used to identify specific banks to ensure that funds are transferred to the correct recipient’s bank account during cross-border transactions.
Also known as a SWIFT code, a BIC is a code of 8-11 characters, whereas an IBAN is a standardised international numbering system that can be up to 34 alphanumeric characters long. Depending on the country, IBANs usually contain a country code, check digit and bank account number.
What are the safest methods for making international business payments?
When you use TransferGo, sending international payments for business purposes is completely safe. As one of the leading money transfer providers with over 8 million customers, we use safeguarding measures with trusted financial institutions and our end-to-end encryption protects your money and data. Should a transfer ever fail, your money gets returned straight back to you.
We’re also approved by the FCA and regulated by UK and EU law, working closely with international law enforcement to spot and prevent money laundering. And we’re not some faceless app—if you do need help, our Customer Support team speaks 9 languages and answers your calls and emails quickly and helpfully.
How to transfer large sums of money if you have international business?
You can transfer large amounts of money in different currencies with TransferGo’s business money transfers. If you’re sending money via bank transfer, there are no limits on how much you can transfer. However, there is a 5000 USD (or equivalent local currency amount) limit on cards at the moment. This applies to both regular batch payments and one-off transfers.
Can I just transfer money from my business account?
Yes, your business account is treated as a completely separate account from your personal one. However, we’re working on a unified multi-currency accounts feature that takes care of both your personal transfers and business transfers. This isn’t ready yet but watch this space.