Industry Guide

Best Payment Providers for Import & Export

Cross-border payment solutions for trade businesses

Multi-currency accounts, SWIFT payments, trade finance, and FX hedging for importers, exporters, and international traders.

Multi-currency

Hold and convert 30–50+ currencies at interbank rates.

SWIFT access

International wire transfers to 180+ countries.

FX hedging

Forward contracts and rate alerts for currency risk management.

Trade finance

Letters of credit and supply chain financing.

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Payment solutions for Import & Export

Import and export businesses need robust cross-border payment infrastructure: competitive FX rates for currency conversion, SWIFT access for international wire transfers, and often trade finance facilities like letters of credit. EMIs like Wise Business and Airwallex offer significantly better FX rates than traditional banks (0.33–0.5% vs 2–4% at banks), making them popular for businesses with high FX volumes.

Import & Export requirements vary

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Frequently asked questions

What's the cheapest way to send international payments for trade?

EMIs like Wise Business (0.33% FX fee) and Airwallex (0.5%) offer dramatically lower FX rates than traditional banks (2–4%). For large transfers, OFX and Currencies Direct offer competitive rates with no transfer fees.

Do I need a traditional bank for import/export business?

Not necessarily for payments, but traditional banks are still needed for trade finance products like letters of credit, documentary collections, and supply chain finance. For day-to-day payments, EMIs are often more cost-effective.

How do I receive payments in multiple currencies?

EMIs like Wise Business, Airwallex, and Revolut Business offer local receiving accounts in USD, EUR, GBP, AUD, and other currencies. You receive funds as if you had a local bank account in each country, avoiding international wire fees for your customers.