“Paying into TransferMate’s local accounts has saved us both time and administrative headache. Even better, TransferMate’s rates are the most competitive we have found.”
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Paying international suppliers? Sending global payroll payments to employees and tax authorities? Our award-winning mass-payments technology is here to help.
International payments can cause massive headaches for organisations around the world. How can you manage these to reduce impact on your business?
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Due to lack of technology integration, payments can take significant time to issue payments, reconcile payments & resolve errors.
The traditional correspondent banking system has multiple parties in the critical path. Beneficiaries can often take days rather than hours to receive payments
Handling fees charged by each bank in the chain results in significant bank sender fees & overseas receiver fees
TransferMate enables faster international payments by bypassing the traditional banking system and using our own network of local bank accounts.
Upload one file to request up to 5,000 payments at once in multiple currencies
All of your outgoing payments in one click
Our automated solution reduces the admin time spent reconciling payments and recording invoices on multiple platforms.
Our technology-based solution eliminates errors, creating happier beneficiaries who receive their payments on time.
Our network of payment rails allows for same-day payments in many cases and receipt confirmations.
Our payments networks allows customers to avoid costly bank fees and FX markup.
Calculate how much you could save with TransferMate Global Payments
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TransferMate pricing
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“Paying into TransferMate’s local accounts has saved us both time and administrative headache. Even better, TransferMate’s rates are the most competitive we have found.”
“PaymentsHub by TransferMate made processing of payments more efficient by eliminating duplicate date entry, review and approval process.”
Simply click here and register in just 2 minutes. Once you have completed this form you will receive a quick form to sign and return by scan/fax to funds@transfermate.com. Our team may request further documents to identify your business however one of our team can advise at a later stage.
Our site uses Secure Socket Layer (SSL), 256-bit encryption to protect your transaction details. 256-bit encryption is the latest and strongest data encryption techniques commercially available for securing information among you, our client and our website. SSL works by encrypting/scrambling data from our website to your computer. The data is encrypted on our web server and can only be unscrambled by the person with the correct key. You can verify our sites use of SSL in two places, by the use of “s” in https in the address bar of the site and by the padlock in your status bar at the bottom of your web browser.
We require cleared funds to be received into our bank account before we can process your money transfer. Please note this account has been designated a client account with our bankers, meaning it can only hold client money. Please see the Account Details tab for the relevant account specific to your transfer destination.
Yes, this is called a batch payment and is popular for any company needing to make multiple foreign currency payments. You simply send us a list of the payments you need to make. Our currency desk will contact you and tell you what the total will be in your local currency. You then send us just one payment and we handle the multiple payments for you.
Once your funds have cleared in our Client account, the converted funds will be credited to your nominated overseas account in no longer than 2 working days. Please remember that transfers must be uploaded by 12pm to be processed on the same day! In most cases we endeavour to transfer funds to your beneficiary from their local currency which speeds up the payment.
Yes, using our online system you can view a history of all payments booked and a live status of every payment.
Our team are able to process payments in all major and exotic currencies traded globally, except for restricted currencies.
In the event that you are unable to fully settle your payment order at the rate you have booked, we will close out the payment order at its then prevailing market rates and any loss or costs incurred by us will be met in full by you in accordance with the firms Terms and Conditions. In cases of non-cooperation the firm retains the right to invoke a late settlement penalty as set out in the terms and conditions.
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Use bulk payments to make up to 5,000 payments to employees or partners with a single click