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Launched out of Ireland in 2010, TransferMate Global Payments puts a twist on international remittances using a borderless payment system that uses local currencies for individual transactions at any amount. This seamless system allows for real-time exchange rates with same-day cross-border transfers to select countries.
Learn more about transfer fees, rates and turnaround you can expect with this innovative business transfer specialist.
EUR 1,000
Min. Transfer Amount
No limit
Max. Transfer Amount
1 - 2 days
Transfer Speed
Product Name | TransferMate Business Transfers |
---|---|
Min. Transfer Amount | EUR 1,000 |
Max. Transfer Amount | No limit |
Transfer Methods | Online, Phone, Bank Account to Bank Account |
Transfer Speed Minimum transfer time | 1 - 2 days |
Customer Service | Phone, Chat, Email |
Available Currencies | AED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BMD, BND, BOB, BRL, BSD, BWP, BYR, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, CUP, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, IRR, ISK, JMD, JOD, JPY, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, LYD, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SHP, SLL, SOS, SRD, STD, SVC, SZL, THB, TND, TOP, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XCD, XOF, XPF, YER, ZAR, ZMW |
Online Transfer Fee | EUR 5 |
---|---|
Exchange Rate Updates | Real time |
TransferMate offers businesses the flexibility of one-off or scheduled transfers at stronger exchange rates than what your bank offers. Individuals using TransferMate pay a flat fee on all transactions, while registered businesses pay nothing on high-amount transfers.
TransferMate reports its fees in euros, with business fees broken down by transfer amount:
TransferMate claims it can save your business up to 90% on bank wire fees. This is because it operates through a network of accounts at more than 200 banks across 145 countries. This system opens up exchange rates that are closer to what banks and other transfer services access themselves, keeping costs low for businesses that regularly process international payments.
If you own a business, you can integrate most business accounting software to send invoices, pay bills and authorize payments to up to 10,000 recipients through one system.
Yes. Aside from competitive spot contracts, Flexible Spot allows you to lock in a low exchange rate for up to 12 months. You can also sign up for notifications that alert you when the market drops to the specific rate you’re interested in.
Other than hedging options, TransferMate even allows you to send multiple transfers in one payment. Called a batch payment, you send TransferMate a list of all of the payments you need to make. Then, it’ll contact you and let you know how much the total will be in your local currency. You simply send TransferMate one payment, and it will take care of the multiple payments for you.
Read our review of TransferMate for international money transfers
For a seamless, personalized international payment solution, you can build TransferMate’s cloud-based foreign currency API into your company’s existing accounting software — Xero, QuickBooks, NetSuite and more. So instead of entering your invoice payments twice — once using your bank to process the payments and then again recording the payments into your accounting software — the software add-on allows you to pay hundreds of invoices instantly, saving your company time and money. TransferMate boasts more than 35,000 businesses conducting low-fee, strong-rate transactions through its system.
To start relying on TransferMate for your international business transactions, you first need to register online with your business name and address, email, country, registration number and role or title in the company.
You’ll also need to establish a “master user” that you authorize to make payments on your business’s behalf. Include that person’s date of birth and phone number to complete your registration, using the phone number associated with registration as your PIN.
1. Sign in to your TransferMate business account.
2. Enter your payees and the amount you’d like to send. For mass payments, upload one file with information for all beneficiaries.
3. Confirm the live exchange rates and fees, and book your transfer.
Your payee receives an email both after you’ve confirmed your payment and when the payment is complete.
Image: TransferMate Global Payments
TransferMate works to lock in rates in local currencies, helping you to avoid the fees that come with cross-border payments — even when you’re looking to pay multiple clients and contractors internationally.
It easily integrates into popular accounting software for full transparency and seamless tracking. And it supports most major currencies, making it a convenient and efficient international business solution.
But it’s not the only money transfer specialist offering cross-border solutions for today’s international businesses. Compare safe, affordable business transfers that beat your local bank with our guide to international business transfers.
Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds overseas with our money transfer partners.