The Best Way to Accept International Payments (2024)

FAQs

How can I accept payments internationally? ›

For international sales, wire transfers and credit cards are the most commonly used cash-in-advance options available to exporters.

Using credit cards for purchases when possible and using ATMs to get local currency for when you need to pay cash are by far the best ways to pay for things when abroad because you will get the wholesale exchange rate rather than the less favorable retail rate posted in currency exchange facilities or at bank teller ...

International Personal Payments: If you send or receive an international personal payment using your PayPal balance or bank account, you'll pay a cross-border fee. Fees can vary depending on your location. Please visit our Fees page for more information.

Withdrawal from a bank account

Money sent from another country can be deposited directly into your bank account via wire transfer. You need only supply the sender with your bank data, including your complete name, bank account number, sort code, and IBAN and SWIFT codes.

Secure Payment in International Trade: Cash in Advance

The safest method of payment in international trade is getting cash in advance of shipping the goods ordered, whether through bank wire transfers, credit card payments or funds held in escrow until a shipment is received.

What is the most common international payment method? ›

Cash in advance is one of the most commonly used international payment methods. It refers to when the buyer pays the seller in full before the goods are shipped.

GooglePay and ApplePay. Both digital wallets are known for their top-notch security features and minimal fees. They are also widely accepted worldwide, whether you travel to Europe, Asia, Australia, or the Americas. The choice between the two will depend on whether you have an Android or an Apple smartphone.

If you are receiving money from overseas, you will need to provide the following information to the sender: Account number / IBAN number: Provide your Standard Bank account number. Branch/SORT code: Provide the universal Standard Bank code (051001) Account type: We recommend that you use a cheque or savings account.