Business without borders: making international payments

How to start, grow and manage your cross-border business
using money transfers.

Compare providers that can help you set up payments

I want to send

to

Enter your details to speak to a foreign exchange expert

By submitting this form, you agree to finder.com privacy policy
Ofx Logo

Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting
Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
USD 1 3 - 5 days USD 75.00 19.056 Online MXN
93,849
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
USD 1,000 1 day USD 0.00 18.989 Online, Phone, Bank Account to Bank Account MXN 94,944 Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details
1 day - - Online, Phone, Bank Account to Bank Account Exclusive exchange rate discounts
No-maximum limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details
USD 100 3 - 5 days USD 5.00 18.97 Online, Phone MXN 94,754 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site Show details

Compare up to 4 providers

I want to send

to

Enter your details to speak to a foreign exchange expert

By submitting this form, you agree to finder.com privacy policy
Ofx Logo

Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting
Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
USD 1,000 1 day USD 0.00 18.989 Online, Phone, Bank Account to Bank Account MXN 94,944 Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details
USD 1 3 - 5 days USD 75.00 19.056 Online MXN
93,849
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
1 day - - Online, Phone, Bank Account to Bank Account Exclusive exchange rate discounts
No-maximum limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details
USD 100 3 - 5 days USD 5.00 18.97 Online, Phone MXN 94,754 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site Show details
USD 1 Within an hour - - Online, Bank Account to Bank Account, Cash Transfer Use promo code FREE to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details

Compare up to 4 providers

Starting, buying or selling an international business

Creating a new enterprise out of the gate, acquiring an existing company, finding a buyer for your successful endeavor — it’s all part of the adventure of international entrepreneurship. We can help you get started in growing, scaling or selling within this dynamic market.

How to buy or start a business overseas

View entity formation checklists by country


Deciding what to sell

The first step in creating your new business is deciding what you’d like to import or export. Choose a guide from one of the four top imported goods to the US. Picked a product already? View the United States Import/Export Guide below, including the forms you need to get started.

View guides by country

Select the country you’re interested in doing business with to see its specific requirements.

Get the import / export guide

View the import / export guide:


Deciding where to sell

Changing political climates, currency values and the global price of goods and services are a few of the many things that may affect where you choose to do business internationally. If you’re opening an online store, you may have more flexibility about where you can do business; but if you choose to buy and/or sell goods from overseas, you may want to explore the economic landscape of various countries before you decide.

How do you choose a payment service?

After getting your business in place, you’ll need to work out the logistics of how you’ll pay your vendors. As an international business owner, consider exchange rates and any fees you’ll pay when making overseas payments.

While your local bank may seem like an obvious choice, major US banks simply can’t compete with an international money transfer specialist when it comes to strong rates and low fees. Many specialists also offer the convenience of scheduling recurring payments in foreign currencies to settle ongoing invoices.

By comparing the fees, exchange rates and payment options of an independent provider, you can find a partner with the expert guidance to safely manage your international business payments.


Setting up your payments

Starting a new business is exciting — and nerve-racking. Once you’ve decided on your business model and set up your entity, it’s time to order and pay for your stuff. Your vendors may ask that you pay with a bank wire transfer, which will not be your cheapest option — or use a money transfer specialist to save on fees and get a strong exchange rate.

How to save on your money transfers

Many global payment providers offer flexible tools that can protect your international payments against the rapidly fluctuating market — and help you predict when it’s best to make your payments. These “hedging options” and a bit of planning could save you significantly with more favorable exchange rates on international money transfers.

Young Entrepreneur working
  • Forward contracts. If the current exchange rate is in your favor, a forward contract could allow you to lock it in for future transactions — sometimes as far as two years into the future.

Forward contracts

  • Limit orders. Specify your ideal exchange rate with a limit order, and when the market reaches that rate, it’s locked in for you to complete your money transfer.

Limit orders

  • Recurring payments. For regular overseas transfers — weekly, monthly or quarterly payments to the same recipient — many services will automatically convert and send your dollars to accounts and businesses worldwide.

Regular transfers

Design your e-commerce storefront

A brick-and-mortar shop has its benefits. But if you choose to sell online, you can reduce your overhead and entice more customers with an e-commerce store — all while better understanding your consumers. We’ve reviewed three major e-commerce storefronts to help get your business up and running online.

Payroll and Accounting

Payroll and accounting software can simplify the otherwise stressful requirements of business by safely hosting your data online or storing it in the cloud. Services like Xero, Sage One and QuickBooks meet your budget with reasonable subscriptions and flexible options designed with small business in mind.

Pay taxes

When April rolls around, it’s time to pay Uncle Sam. As an international business owner, you may think you need the help of a professional like H&R Block. But you can file your own taxes with one of these online options. And premium plans often come with professional support, just in case.

Consider a franchise

Franchises are a simplified way to get an international business started. Here are a few top franchises around the world:

Related Posts

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and our Privacy Policy.