With global remittances reaching an estimated $860 billion in 2023, according to the World Bank, international money transfer for business is a critical need for companies of all sizes.
This guide explores the top services and tools to help businesses move money globally.
Let’s get into it.
Table of Contents
Key Takeaways
- Platforms for international money transfer for business use are renowned because they offer businesses more control over their finances compared to traditional banking services.
- Reduced fees, faster transfer times, and high security are things businesses should be able to rely on from their chosen platforms for international transfers.
- Wise, Western Union, Remitly, and other providers are all viable platforms that businesses can use to make all forms of local and international payments.
Why International Money Transfer for Business is Important
Smooth financial operations are essential for a business with international dealings. Efficient transfers help businesses expand globally without losing money to high fees or poor exchange rates. Choosing the right provider ensures:
- Business transfers are cost-efficient. This way, there are little to no hidden charges for each transaction.
- Each transaction is completed speedily, effectively settling time-sensitive deadlines and easily maintaining good working relationships with clients and suppliers.
- Maximum security to safeguard all transactions.
- Scalability to ensure the account grows the same way the business is growing.
- Access to extra business tools. That way, businesses can utilise multiple business tool features to ease their accounting burdens.
With the right platform, an international business can save money, reduce administrative burdens, and create efficiency in scaling globally.
Top 6 International Money Transfer Providers for Businesses
Here are the most used international money transfer providers for business use in 2025.
1. Wise
Wise is a leading digital platform for international transfers. It is popular for its transparent fees and no markup exchange rates. Most Businesses particularly value the Wise Business Account, which allows them to manage multiple currencies.
Business Tools Featured:
- Multi-currency accounts to hold and manage over 40 global currencies.
- Integration with accounting software like Xero and QuickBooks.
- Batch payment features for handling multiple supplier payments at once.
- Easy-to-generate international invoices.
This makes Wise a great option for businesses with recurring cross-border payments.
2. Western Union
Western Union remains one of the most established players in international money transfer for businesses. Their network covers nearly the entire globe, and their business services extend far beyond consumer remittances.
Business Tools Featured:
- Global reach with over 200 supported countries and territories.
- Cross-border payment solutions tailored for SMEs and enterprises.
- Risk management tools, including forward contracts and market orders.
- Integration with ERP and accounting platforms.
Western Union is a reliable choice for businesses that value worldwide accessibility and enterprise-grade solutions.
3. Remitly
Remitly is known for personal remittances, but it also offers business solutions for fast and affordable transfers.
Business Tools Featured:
- Low-cost transfers to over 100 countries.
- Transparent exchange rates.
- Simple app-based interface for quick payments.
- Options for same-day delivery in many markets.
Remitly is best for small businesses looking for a budget-friendly and straightforward transfer solution.
4. Revolut Business
Revolut has emerged as a modern financial solution for businesses managing international operations. It combines banking-style services with money transfers.
Business Tools Featured:
- Multi-currency accounts with exchange at interbank rates.
- Prepaid corporate cards for employees to manage expenses.
- Automated expense management with detailed reporting.
- Integration with popular accounting tools like Xero, BigCommerce, WooCommerce, etc.
For startups and SMEs that need both flexibility and cost-effective transfers, Revolut Business is a solid choice.
5. OFX
OFX specialises in large-value international transfers, with no transfer fees and competitive exchange rates. It focuses more on businesses that move larger amounts of money internationally.
Business Tools Featured:
- Dedicated account managers for business clients.
- Forward contracts and hedging tools for currency risk management.
- Bulk payment solutions for payroll or vendor payments.
- 24/7 customer support for high-volume businesses.
This makes OFX a great option for established businesses handling significant cross-border transactions.
6. Xoom
Xoom, powered by PayPal, is designed for fast and convenient international transfers. While it caters more to smaller transfers, it can also serve businesses that need speed and reliability.
Business Tools Featured:
- Instant transfers to bank accounts in supported countries.
- Integration with PayPal for a seamless payment ecosystem.
- Mobile-first platform for on-the-go transactions.
- Easy setup for recurring payments.
Xoom is ideal for businesses that prioritise quick international payouts and already use PayPal’s ecosystem.
Comparison of International Money Transfer Services for Business
To determine the best option, we will compare each international money transfer service for business providers against one another.
| Service | Supported Countries and Currencies | Business Tools Strength | Pros | Cons | Best For | |
| Wise | Supports 40+ currencies in over 70 countries. | – Multi-currency accounts – Bulk payments – API integration | – Transparent pricing – Multi-currency account – Fast transfers and batch payment capabilities | – No cash pickup services – No physical in-person – Limit for businesses that prefer in-person banking | Excellent for startups and SMEs | |
| Xoom (PayPal) | Supports 140+ countries and 100+ currencies, including USD, CAD, GBP, and EUR. | – Invoice support – Integration with PayPal ecosystem | – Same-day transfers – Wide network with bank deposits and cash pickups – Integrated with PayPal’s global network | – Marked-up exchange rates – Primarily for personal use, not complex business operations | Quick and mobile-first transfers | |
| Western Union | Supported in 200+ countries and territories and handles 130+ global currencies. | – Cash pickup – Global reach – Bill payments | – Extensive global network – Supports cash pickups, bank deposits, and mobile wallet transfers | – High costs – Exchange rates may include margin – Bank transfers can take longer | Broad coverage, including pick-up locations | |
| Remitly | Supports 170+ countries and 100 currencies, including USD, EUR, GBP, AUD, JPY, CAD, MXN, INR, and many more | – Mobile-friendly transfers – Flexible delivery options | – Fast and reliable transfers depending on plan – Limited promotional rates | – Lower transfer limits for high-volume needs – Markups on exchange rates | Small to medium businesses in diverse regions | |
| Revolut Business | Available in 48+ countries and deals in 36 currencies, including USD, EUR, GBP, JPY, AUD, CAD, SGD, ZAR, TRY, and more | – Expense management – Team cards – Accounting tool integration | – Competitive exchange rates – API settings for software integration | – Weekend exchange markups may apply – Transfer speeds vary by corridor | Great for new businesses establishing themselves | |
| OFX | Available in 170+ countries and supports 50+ currencies, such as USD, EUR, GBP, AUD, CAD, JPY, HKD, SGD, NZD, and more | – Currency risk management – Dedicated dealer support | – Higher amounts = lower transfer fees – Competitive exchange rates for larger transfers | – Minimum transfer AU$250 – Transfer speed can take days | Businesses conducting large-volume transfers | |
Fees and Exchange Rates for International Money Transfer for Business
Each business that makes an international transfer usually goes through different market rates and transaction charges.
To help businesses understand what these charges can be like, the table below outlines the approximate cost of sending USD 1,000 internationally through popular money transfer platforms for business.
| Service | Transfer Speed | Exchange Rates | Fees for Sending $1000 Abroad |
| Wise | <1 day (often same day) | Mid-market | ~$7.50 to $12.00 |
| Xoom | Minutes to a few hours | Marked-up rates | ~$30.5 for bank deposit / ~$20.5 for cash pickup |
| Western Union | Minutes to 1-2 days | Variable, with a markup on mid-market rates | ~$10 – $40+ |
| Remitly | Minutes (express) to 1-2 days | Flat-fee + slightly higher rates | $0 – $4.00+ |
| Revolut Business | Instant to 2 days | Mid-market, with 1% weekend markup (0.5% for Plus) | ~$10 – $30 |
| OFX | 1-2 business days | Competitive rates | $0 + markup in rates |
Disclaimer: The rates presented in this table are based on market conditions as of the end of August 2025. Readers should confirm current market rates before initiating their transactions. Actual fees and exchange rates may vary depending on the provider, transfer amount, currency pair, and timing of the transaction.
Additionally, for Revolut Business, certain currencies, such as Thai Baht (THB) and Ukrainian Hryvnia (UAH), may have a higher fee regardless of the time of day, due to lower trading liquidity.
How to Select the Best International Money Transfer for Business Use
When selecting a provider of international money transfer for business, it is essential to tick the appropriate checkboxes by answering a few key questions.
- Transaction Speed: Does the money arrive the same day or take several business days?
- Costs and Fees: Are the fees fixed, percentage-based, or hidden in the exchange rates?
- Exchange Rates: Is the provider offering mid-market rates or rates with a high markup?
- Ease of Use: Can transfers be made digitally, and is the platform user-friendly?
- Security and Compliance: Is the provider regulated, and does it comply with international laws?
- Customer Support: Do they have a hotline for mobile support on various clientele issues?
If a platform answers positively to all of these questions, then it is a reliable choice for international money transfer services for business usage.
DSGPay: Simplifying International Money Transfer for Business Use
Efficient cross-border payments are essential for modern businesses, and DSGPay is designed with that need in mind. By combining fast settlement, competitive exchange rates, and secure multi-currency support, DSGPay enables companies to manage international money transfer for business use with confidence.
With DSGPay, a business can:
- Open Global and Local Named Accounts: DSGPay provides both global and local named accounts that display your company’s name. These accounts make it easier to receive payments directly from clients or partners while improving trust and reconciliation.
- Accept Collections via Dynamic Accounts: Through Dynamic Virtual Accounts and Dynamic IBANs, and more, businesses can collect payments efficiently.
- Make Payouts Through Local and SWIFT Rails: Businesses can disburse funds either through local banking networks for speed and lower cost, or through SWIFT for global reach.
- Manage Foreign Exchange (FX) Transactions: DSGPay provides flexible currency conversion options, helping businesses optimise both the timing and cost of their international money transfers.
- Deal in Multiple Currencies: A DSGPay user can hold over 30 currencies and convert them seamlessly as desired. That means a business can send/receive/convert money in USD, HKD, PHP, and more without any interruption.
- Complete International Payments Rapidly: DSGPay was built to resolve international payments at the fastest possible speeds to ensure there isn’t a delay for the receiver.
- Make Transactions With Competitive FX Rates: Each transaction is completed using competitive FX rates. This means clients can create each transaction without fear of hidden fees or mark-ups on currency conversion fees.
- Ensure the Safety of Transactions: DSGPay employs the latest security algorithms to protect each B2B/B2C transaction.
DSGPay is designed to help businesses not just transfer money but manage global transactions with greater efficiency.
Final Thoughts
Choosing the right platform for international money transfer for business depends on the size of the company, transfer volume, and the specific markets it operates in. Some businesses may prioritise global coverage and cash pickup services, while others focus on transparent pricing, digital tools, or advanced FX management.
What matters most is finding a provider that offers the right balance of speed, cost efficiency, security, and scalability for your business model.
DSGPay brings together these elements by offering named accounts, flexible collections and payouts, and competitive FX options that support both SMEs and larger enterprises. For businesses seeking a streamlined way to manage cross-border payments, DSGPay provides a reliable and scalable solution.
