Compare marketplace seller accounts

Maximise the profits from your international sales with a multi-currency account for online sellers.

Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
CurrencyTransfer for online sellers
CurrencyTransfer for online sellers
24 hours
£0

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CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
Wise (TransferWise) for online sellers
2 days
From £3.75

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Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
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You don’t need to be a major corporation or importer/exporter to benefit from a money transfer service dedicated to marketplace sellers. If you’re selling something overseas, even as a side hustle, it’s worth exploring flexible international payment options if you want to keep more of your profits.

How do online seller accounts work for international payments?

The marketplace you’re selling on will probably give you a few in-built options to handle payments from international buyers. eBay, for example, uses PayPal. Amazon has its own Currency Converter for Sellers tool. You might also consider opening a bank account in the country you’re selling to and using a transfer to get your money back to the UK. However, all of these options tend to come with poor exchange rates and high fees, so you’ll keep less of the profits from your sales.

Many money transfer services have “online seller” accounts which can help you get your profits converted more fairly than a bank or PayPal transfer. These have two main features to them:

Local bank details

You have the option of getting local bank details for a range of markets, like elsewhere in Europe or the US. This works exactly the same as having a normal bank account in these countries, without the hassle of opening a bank account in another country. The benefit of this is that when your buyer pays you, it’s treated as a domestic transfer.

Multi-currency account

This kind of account lets you hold multiple foreign currencies at the same time, without having to transfer them into pound sterling. You can make and receive foreign currency payments, depending on what currencies your service supports.

When it comes time to convert your money back into pound sterling the service can help you with a fairer exchange rate and fee than what you’d see at a bank or PayPal. This will often end up giving you better value for money.

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