Batch payments for borderless businesses
Cut costs and improve operational efficiency with our batch payments tool. With just one local money transfer, you can pay up to 50 people across multiple countries—perfect for simplifying payroll, supplier invoices or other bulk transactions.
Why make batch payments
with TransferGo?
Built for global businesses
With 35+ currencies available across 60+ countries, our batch payment feature takes the hassle and hard work out of organising business transactions across several markets.
Easy integration
Use accounting software to manage business payments? The batch payments tool allows you to export this information without any manual input.
One step ahead
Automated payments and reminders mean you’re able to repeat, adjust and review recurring batch payments before they’re due.
The account that means business
Batch payments are just the beginning. With our free business account, you can send and receive international payments, hold multiple currency balances, exchange currencies and earn interest on your savings (savings only available to UK businesses—for now).
How do TransferGo’s bulk payments work?
Making international batch payments is simple—from start to send.
Create a business account
Create a
business account
Setting up your account is quick and easy—and if you have any questions, our dedicated business support team is on hand to help.
Select batch payments
Select batch payments
Once you’ve opened an account, sign in on our website. Go to ‘Batch payments’, then choose the country you’re sending from.
Add each receiver
Add each receiver
Enter the details of each person or entity you want to send money to. Keep their names, bank details and the countries they’re based in handy. You only need to do this once—receiver details are saved to make future payments as quick and easy as possible.
Set currencies and amounts
Set currencies
and amounts
Enter the amount you want to send to each receiver, and in what currency. Be sure to select the payment method that best suits your needs or provides the best exchange rate.
Send and track
Send and track
Once you’ve reviewed your batch payment, just click send. You can track each transfer for greater clarity. Next time, you’ll be able to repeat this payment, adjust amounts, receivers and currencies or review past transactions to keep track of what you’ve sent so far.
Safety first
With end-to-end encryption, safeguarding measures, strict adherence to EU and UK regulations—plus more—we keep your money safe, every step of the way, across all our business services.
Frequently asked questions
What is a batch payment, and how does it work?
A batch payment is a way of transferring money to multiple receivers with just one outgoing payment. You set the parameters of how many people you’d like to pay, and in which currencies, and you simply pay the aggregate sum in one go rather than making multiple individual transactions.
That one payment is then divided up between receivers and exchanged into different currencies in accordance with your instructions.
Why are batch payments useful for businesses?
Batch payments are a more efficient way of dealing with multiple transactions—especially recurrent payments, such as payroll or supplier invoices. Not only do they save you time, but paying in a bulk rather than making individual transactions keeps fees down.
How much does it cost to make a batch payment?
A batch payment is only charged as a single payment, no matter how many individual transactions it includes.
The cost will, however, vary depending on the given exchange rate between the currency you use and whichever currencies you’re paying to your receivers.
Read more about TransferGo Business fees.
Can businesses automate batch payments to save time?
Yes—businesses can set automatic batch payments with TransferGo. This is invaluable for recurring transactions such as payroll. Plus, you’ll be reminded of each upcoming automated payment in case you need to cancel it or make any changes.
Can you pay with different currencies in a single batch payment?
Yes, there are 35+ currencies available. When you make a batch payment, you can select whichever of these currencies you’d like to send to each receiver.
You only pay in one currency. The payment total accounts for the exchange rates applicable to each cross-border transaction included in your batch payment.