How do I send a payment in another currency? (2024)

FAQs

How do I send a payment in another currency? ›

You can use the bank where you have a checking or savings account to conduct your international money transfer or open an account with various companies that specialize in sending money, such as Western Union, MoneyGram, PayPal, Xoom, Wise (formerly TransferWise) or Paysend.

Choose the preferred payment method, such as debit or credit card, PayPal, wire transfer, global ACH, or other best ways to pay overseas suppliers. Ensure the method you choose is compatible with multi-currency payments.

To avoid incurring such high fees from banks and credit cards, consider a dedicated money transfer service. Money transfer services like OFX help convert your payment into the preferred foreign currency and send the money straight to your recipient's bank account with bank-beating rates and low or no fees.

The cheapest way to send money internationally is to transfer funds directly from your bank account to a recipient's bank account. Most transfer services charge additional fees for debit card or credit card payments and cash pickups. Credit card payments will incur additional charges from your credit card provider.

Can I send money through Zelle internationally? Zelle is only available for customers with a US bank account and US registered mobile number. That means it's not an option for sending international payments to friends and family overseas.

You can send and receive money in multiple currencies with PayPal. In your Wallet, you can add a new currency, change your primary currency, close a currency, and more.

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 ...

It's always better to pay in the local currency when you're on holiday. If a retailer offers to convert your card transaction into pound sterling, politely decline and continue with the transaction in the local currency. So if you're in France, pay in euros, if you're in the United States, pay in US dollars.

How to pay online in foreign currency? ›

Open the Google Pay app . Tap Scan QR code. Scan the international merchant's QR code. Enter the amount in payable foreign currency.

Enable foreign currency transactions

Go to Settings, then Business Settings. In the Financial Settings section, click Currencies. Select Enable Foreign Currency Transactions.

With PayPal, you can send money internationally to another PayPal account just like you would domestically. Xoom, a PayPal service, offers more delivery options like cash pick up, bank account transfer, and more. Xoom also serves additional countries to send money abroad to friends and family such as India and Mexico.

Over 8 million customers use WorldRemit to send and receive money across the world. We offer up to four receive methods worldwide and are always fast, secure and easy to use.

Venmo is not internationally supported, and the app is only available to US residents. To use Venmo in the first place — let alone send and receive money via online banking — both the sender and the recipient must have US bank accounts and, in some circ*mstances, Social Security Numbers too.

So, you can send an international wire of as much as you like, provided that it's within the maximum wire transfer limits set by your bank. However, you should be aware that transfers over $10,000 will automatically be reported to the IRS.

International: You need the recipient's name, address and bank information, including SWIFT code and account number. You can send in U.S. dollars or foreign currency; cutoff time is 5 p.m. Eastern and typically arrives in 1 to 2 business days.

How can I send money internationally with Venmo? Venmo cannot be used to send money overseas. It is only available for domestic money transfers or payments in US dollars within the United States. There are, however, plenty of alternatives if you need to send or receive money internationally.

Suppose you choose a different currency than the one your funds in your bank account are in. In that case, then your bank will automatically convert your money according to your bank's currency exchange rate if your bank offers such a service.