6 Cheap and Safe Ways to Pay International Invoices in 2025
Do you have to pay overseas invoices? Paying international invoices business, or as a personal customer for things like school fees, medical expenses, or utility bills can be difficult, time-consuming, and expensive. Sometimes it can even be risky. But it doesn't have to be.
In this article, we will look at 6 methods that offer safe, cheap, and fast ways to pay international invoices. We'll explore their pros and cons, and when they can be a good option.
Key takeaways: Paying foreign invoices
The best way to pay an international invoice ultimately depends on the payment terms set by the vendor
There are several ways to pay international invoices, which can include bank transfers, online payment providers, credit card payments, and multi currency business accounts from providers like Wise and Airwallex
Each method has tradeoffs in terms of fees, exchange rates and speed - this guide will help you compare your options
Providers like Wise, can be convenient and cost-efficient solutions for paying international invoices
Wise and Airwallex also offer international business account services. With Wise, you get the mid-market exchange rate for USD, EUR and 40+ other currencies with low fees, while Airwallex supports 150+ countries and 60+ currencies, high-speed international transferes and online payments to help you manage your business spending and expenses more easily
How to pay international invoices: 6 ways
In this article, we'll cover:
Methods | Great for: |
|---|---|
International money transfer | Higher value payments to recipients who prefer to have their money sent directly to their bank, and who don't pay international receiving fees |
Low cost transfers - including high value transfers - which can be deposited to banks in 140+ countries quickly or even instantly | |
Use an international business account | International business accounts from specialist providers can offer flexible ways to send and receive payments in select global currencies |
PayPal | Quick deposits to PayPal accounts globally, when your recipient doesn't have a bank account or uses PayPal as their primary business account |
Paying with a credit card | Spreading the costs of your invoice across a few months, or for convenience when your invoice includes a card payment link |
Western Union | Sending money for cash collection more or less anywhere in the world – often within minutes |
FAQs | Answers |
|---|---|
What is the best way to pay invoices internationally? | Each payment method has different pros and cons and which option is best for you depends on your needs. You can choose to make an international transfer with a provider like Wise and OFX, set up an international business bank account, or pay by credit card. |
Can I pay an international invoice with a credit card? | Many card providers allow you to pay invoices using a credit card. This guide has pros and cons of paying by credit cards, and when it's a good option. |
What is the safest payment method for international payments? | Most international money transfer providers employ security features to keep transactions and personal information safe. However, you should always be wary of suspicious websites or activity when paying overseas bills online. |
What's the safest way to pay an international invoice?
Sending money overseas can seem risky, but if you pick a reputable and well liked service, you should find it's safe with normal common sense precautions. Here are a few of the steps taken by the providers we look at in this guide, to ensure your money is kept safe:
OFX: Secure account log in and 24/7 phone support if you ever need it
Wise: 2 factor authentication, easy in app chat for help and industry level anti fraud measures
Airwallex: Uses a multi-layered approach which includes SSL encryption, 2 factor authentication and security audits
Remitly: Offers guidance on avoiding scams, as well as high level in-built security
Xe money transfer: Part of a very large money transfer group, which has industry leading security measures in place throughout the process
PayPal: Secure account log in and verification, easy ways to get support if needed
Western Union: Branch service if you need face to face help, with secure digital payment and support offered
Using credit cards: Credit card providers often have some fraud protections which are offered by law, and as a perk to their customers
1. International money transfer online
International money transfers are transfers made directly into a recipient's bank account. This is the traditional way of paying for overseas bills and can be done through banks like RBC or Scotiabank, or specialist money transfer providers like Wise, OFX and Xe.
Provider: | International transfer fees | Exchange rates | Transfer limits | Transfer speed |
|---|---|---|---|---|
No fee | Exchange rates may include a markup | Usually no limit | 1 - 2 days | |
Variable fee from 0.48 | Mid-market rate | Varied by currency, up to 1.5 million CAD per wire transfer | More than 60 of transfers are instant, vast majority arrive within 24 hours. | |
Variable fee based on country and currency | Exchange rates may include a markup | 15,000 CAD per transfer | Variable delivery time, depending on country and receive method | |
Variable fee based on country and currency | Exchange rates may include a markup | 600,000 CAD per day | Variable delivery time, depending on country | |
RCB Bank | 45 CAD outgoing wire fee No fees when sending via RBC International Money Transfer | Exchange rates may include a markup | $50,000 per day via International Money Transfer | Within 2 business days via International Money Transfer |
Scotia Bank | 1.99 CAD transaction fee | Exchange rates may include a markup | Minimum of 100 CAD | Up to 5 business days |
*Details correct at time of research - 3rd June 2025
When is this a good option?
An international money transfer is a good option if:
The issuer of the invoice has an eligible bank account you can pay into
The person you're paying won't get charged high recipient fees by their own bank
The invoice is fairly large – some banks and money transfer providers only allow bill payments over a certain amount
You have a unique reference such as an invoice number which you can include as a message on the transfer so your payment can be identified easily
Pros and cons of paying a bill via an international money transfer
International money transfer pros | International money transfer cons |
|---|---|
✅ Exchange rates used for international money transfers are often more favorable than using credit or debit cards. ✅ Transfers via banks and specialist providers are generally safe and secure. ✅ You can complete the transfer at a branch if you need more assistance. ✅ You can easily setup a transfer online with specialist money transfer providers, and with some banks. ✅ Alternative providers like OFX, Wise, and Remitly may be faster and cheaper | ❌ You usually need an account with the bank to make an international money transfer. ❌ Banks may have high transfer fees. Can be expensive for sending small amounts. ❌ Some providers may include a markup on the exchange rate, making the overall cost higher. |
How to pay an international invoice with an international money transfer
Log into your online or mobile banking service
Navigate to the payment section and select international transfers
Enter the amount and currency you need to send
Add your recipient's details and your payment reference
Confirm your transfer
Best international money transfer apps to pay invoices
There are many alternatives to banks and money transfer services. International money transfer apps like OFX, Wise, and WorldRemit might be faster and cheaper than banks.
The best international money transfer app for you will depend on your needs, you can compare providers and choose the best one for yourself.
OFX: Send money to more than 150 countries in more than 50 currencies. OFX offers various money management tools, including risk management.
Wise: Fast, convenient, low-cost payments to more than 140 countries in more than 40 currencies. Wise uses the mid-market exchange rate and has a transparent fee structure.
Airwallex: Send money to over 150 countries in 60+ currencies with low fees and fast transfer speeds. Trusted by over 150,000 companies, Airwallex offers multi-currency business accounts, virtual cards, and integrations with tools like Xero and Shopify for managing international business payments and invoices.
WorldRemit: Send money to more than 130 countries via the WorldRemit mobile app. An account can be funded using popular credit and debit cards, as well as ApplePay. WorldRemit offers 24/7 support in 6 different languages.
Remitly: Transfer to more than 100 countries worldwide. Remitly offers low transfer fees and a great range of pay in and pay out methods. A cash pickup option is available in some countries.
2. Wise
Wise is a specialist in personal and business account services, and an international money transfer provider that offers low, transparent fees, mid-market exchange rates, and fast transfers. With Wise Business, you can pay invoices and make recurring payments to more than 140 countries in more than 40 currencies.
You can also get debit and expense cards for you and your team, and receive money in foreign currencies conveniently. Wise Business customers get extra perks including cloud accounting integrations, multi-user access, and a powerful API to streamline workflow.
Launched in 2011 in the UK and 2016 in Canada, Wise has more than 12 million active customers worldwide supporting money transfers quickly, cheaply, and safely.
Provider: | Coverage | International transfer fees | Exchange rates | Transfer limits | Transfer speed |
|---|---|---|---|---|---|
Send to more than 140 countries in more than 40 currencies | From 0.48 | Mid-market rates | Varied by currency, up to 1.5 million CAD per wire transfer | More than 60 of transfers are instant, vast majority arrive within 24 hours. |
*Details correct at time of research - 3rd June 2025
When is this a good option?
Wise is a good option if:
You need a fast, convenient, and low-cost way to pay invoices
You prefer to manage your money online or by app
You need one-off, recurring, or even payouts to up to 1,000 people at one
You're sending anything from under a dollar up to about 1.5 million dollars, as Wise limits are high for convenient business payments
Pros and Cons of using Wise for international money transfer
Wise pros | Wise cons |
|---|---|
✅ Transparent fees mean you always know what you are paying ✅ More than 60 of transfers are instant, vast majority arrive within 24 hours ✅ Uses the mid-market exchange rate for currency conversion ✅ You can pay large or small invoices. Has automatic fee discounts on Wise large transfers. ✅ Sent to more than 140 countries in more than 40 currencies | ❌ Wise is not a bank so it doesn't have branches ❌ Fees can vary between countries and currency routes ❌ No cash deposits |
How to pay an international invoice with Wise
Log into your Wise account online or in the app
Tap Send Money
Enter the amount you need the recipient to get, and the currency
Choose your payment method and add your recipient details – if you've sent money to this recipient before you can just pick them from your recipient list
Pay and your money is on the way
3. Use an international business account
These days, most banking can be done online so it can make sense to set up an international business account you can manage digitally, which supports foreign currencies for sending and receiving. There are various different options, including some very comprehensive international business accounts from specialist providers which have been optimised for sending payments overseas, holding foreign currencies, and receiving money conveniently.
Once the account is open, you can simply receive payments to your international business accounts - or add money to the account yourself - and then use it to pay bills as they arise.
Wise Business account offers local or SWIFT account details in 20 currencies including, USD, EUR, and GBP. Also, it allows you to hold and exchange 40+ currencies.
Airwallex Business account lets you open local currency accounts in 20+ currencies including USD, GBP, EUR, AUD, CNY, HKD, and CAD. Send payouts in 60+ currencies from your multi-currency wallet to 150+ countries and regions at interbank rates.
Provider: | Coverage | Account fees | Transfer fees and exchange rates | Transfer limits | Transfer speed |
|---|---|---|---|---|---|
Wise Business Account | Send to more than 140 countries in more than 40 currencies | One time account opening fee of 55 CAD | Transfer from 0.48 Mid-market rates | Varied by currency, usually around 1 million GBP per transfer | More than 60 of transfers are instant, vast majority arrive within 24 hours. |
Airwallex | Send to 150+ countries and regions in 60+ currencies | No monthly account fees | FX conversions from 0.5% above interbank rate for major currencies (USD, EUR, GBP, etc.), 1.0% for others; custom rates over $100k/month | Vary depending on currency payment method, and account capabilities | 3-5 business days |
*Details correct at time of research - 3rd June 2025
When is this a good option?
Setting up an international business account is a good option if:
You regularly pay several bills in the same country
You've found an account you like which has an account you're eligible to apply for
You need to pay foreign contractors or freelancers on a regular basis
Pros and cons of setting up an international business account
International business account pros | International business account cons |
|---|---|
✅ Flexible accounts which support multiple currencies ✅ Card services are usually also available ✅ You can set up an account online with providers like Wise and Airwallex ✅ Business perks offered, like batch payments ✅ Recurring bill payments are easy to set up | ❌ Some accounts have ongoing fees ❌ Not all services available from banks will be offered ❌ Transaction fees are likely to apply |
How to pay an international invoice with a local bank account
Log into your international business account and select transfers
Add money to your account if there isn't enough in the balance already
Enter the amount your recipient should receive in the local currency
Add your recipient's information
Initiate the transfer
💡 Learn more: Best international business accounts in Canada |
4. PayPal
PayPal is one of the world's largest internet payment companies. It is easy to set up an account and most overseas billers will accept payment from PayPal, making this very convenient.
Provider: | Coverage | International transfer fees | Exchange rates | Transfer limits | Transfer speed |
|---|---|---|---|---|---|
PayPal for business | 25+ currencies supported | 2.99 CAD via PayPal balance of bank account 2.99 CAD + 2.90% + fixed fee when paying via card to Europe I, Europe II, Northern Europe, and United States 4.99 CAD via PayPal balance of bank account in any other region 4.99 CAD + 2.90% + fixed fee when paying via card to any other region | 3% above base rate. Check today's PayPal exchange rate. | Check your specific limits in the PayPal app | Variable delivery times depending on the details of the payment |
*Details correct at time of research - 3rd June 2025
When is this a good option?
PayPal is great to pay bills if:
You already have a PayPal account
Your recipient prefers PayPal to a direct bank deposit
You use PayPal frequently for your own business transactions
Pros and cons of paying a bill by PayPal
PayPal pros | PayPal cons |
|---|---|
✅ Paying bills with PayPal is quick and easy, especially if you already have a PayPal account ✅ Pay multiple people at once ✅ 25+ currencies supported for payments ✅ Costs of transfers are capped depending on the currency sent ✅ Globally known and trusted provider | ❌ Not all billers can be paid via PayPal ❌ PayPal's fee structure can be complicated ❌ PayPal is not a bank so it doesn't have branches |
How to pay an international invoice with PayPal
Log into your PayPal account online or in the app
Select Send money
Enter the amount and currency to send
Add your recipient's email address, which is linked to their PayPal account
Check everything over and confirm
5. Paying by credit card
Many people pay overseas bills with their credit cards. This can be costly as banks and card issuers may charge a percentage fee on the transaction amount. However, there is usually no added flat fee for credit card bill payments.
Coverage | Transfer fees & exchange rates | Transfer limits | Transfer speed | |
|---|---|---|---|---|
Paying foreign bills by credit card | Usually global outside of specific sanctioned countries | Interest may apply if you don't repay your bill in full Cash advance fees may apply Provider exchange rates will apply, often with a foreign transaction fee of about 3% | Limits are likely to be based on your card's credit limit | Usually instant |
*Details correct at time of research - 3rd June 2025
When is this a good option?
Using a credit card to pay bills can be a good option if:
You need to spread your costs over a few months and don't mind paying a fee to do so
You're making small international bill payments
You don't want the hassle of setting up international money transfers.
Pros and cons of paying a bill by credit card
Credit card pros | Credit card cons |
|---|---|
✅ Credit cards are widely accepted as payment methods ✅ Convenient for paying smaller bills ✅ You may accrue rewards or air miles as you spend, depending on your card ✅ With responsible use you can build a good credit score ✅ Banks and credit card companies usually provide some form of fraud protection | ❌ High costs can apply if you don't repay your bills monthly ❌ Exchange rates may not always be favorable ❌ Providing your credit card details to an unknown vendor may be risky. |
How to pay an international invoice with a credit card
If your invoice includes a card payment link, click it and follow the instructions
If not:
Log into your credit card account and find the transfer option
Enter the amount to send to your recipient and the currency it should be deposited in
Add your recipient's account information
Confirm the transfer
6. Western Union
Western Union has more than 500,000 agents worldwide, providing various services like international money transfers to almost every country in the world. It is a popular choice for cash pickup transfers.
Provider: | Coverage | International transfer fees | Exchange rates | Transfer limits | Transfer speed |
|---|---|---|---|---|---|
Western Union for business payments | Send to almost every country in the world | Variable fees depending on the transfer details | Exchange rates may include a markup | Variable limits depending on the transfer details | Cash transfers can be very fast, bank deposits may take a few days |
*Details correct at time of research - 3rd June 2025
When is this a good option?
Western Union can be a good option if:
The recipient doesn't have a bank account
The recipient would prefer to be paid in cash they can collect almost instantly
You're sending in a very unusual currency – Western Union supports payments to almost every country in the world
Alternative providers like WorldRemit and Remitly also offer cash pickup options.
Pros and cons of paying a bill via Western Union
Western Union pros | Western Union cons |
|---|---|
✅ Western Union has a wide global reach ✅ The recipient doesn't need to have a bank account ✅ Send cash via one of their 500,000 agents ✅ Most global currencies are supported ✅ Western Union is a well-known and trusted service | ❌ Western Union has fees which include a markup on the exchange rate ❌ Pay out options vary widely between countries ❌Transfers can take up to 4 business days to arrive
|
How to pay an international invoice with Western Union
Log into your Western Union account
Select send money and enter the amount and currency
Pick how you want to pay, and how the money should be received
Fund the transfer and it'll be on the way – if you're sending for cash collection you'll need to pass a payment reference to the recipient so they can get their cash.
How to pay international invoices
The steps to pay international invoices may differ depending on which method or provider you choose.
Keep in mind that some international payment methods can have lower costs, but longer delivery times, while others may have short delivery times, but at higher costs. Consider this when choosing a provider, then follow the steps to set up an international bill payment or pay a foreign contractor.
While the steps to pay international invoices may vary between providers, they usually involve some of the following steps:
Create and verify an account
Fund the account by depositing money or linking a bank account or credit or debit card
Provide details of the provider or choose from a list
Choose the currency route
Review and compare fees to choose the best option
Submit or send the payment
How to pay invoices in foreign currency
Paying an invoice in a foreign currency can be expensive due to the use of different exchange rates on the same currency, as well as exchange markups and fees. Banks and credit card issuers often charge premium exchange rate markups.
You may be able to save money by using online international money transfer specialists like Wise and OFX. These providers could offer faster transfers, at lower costs and at more favorable exchange rates than banks.
Providers like Airwallex and Wise also offer multi-currency accounts that use local account details in countries and regions including the UK, Europe, and North America. Multi-currency accounts help you to save on exchange fees since you are already paying in the local currency.
These providers also offer multi-currency business accounts in Canada with various features to make international bill payments cheaper and easier:
Wise business account lets you pay invoices in more than 140 countries and get local or SWIFT account details in 20 currencies including Euro, USD, CAD, and GBP. Also, it allows you to hold and exchange 40+ currencies. Save money on overseas business expenses with the Wise card. | |
Airwallex Business Account | Pay invoices in 150+ countries and send in 60+ currencies at FX rates from just 0.5% above interbank. Open local currency accounts to receive funds in 20+ currencies like USD, EUR, GBP, and AUD. You can also use Airwallex Bill Pay to upload, approve, and reconcile invoices from one platform and integrate with Xero, NetSuite, and QuickBooks. |
What currency should I pay in?
Before you do anything with your international invoice, make sure you're clear what currency you should be paying in. You can agree the invoice currency upfront with your supplier before you complete the deal negotiations – which leaves less room for misunderstandings or hassle later.
Which currency is best is pretty subjective. Some suppliers, freelancers or contractors will want to be paid in their own home currency so the money can be deposited to their business bank account.
However, as CAD is a major global currency – and relatively stable – some recipients may prefer you to send in dollars, if they have a local CAD account at their end. They can then keep their money in CAD for future payments, as an investment, or as a hedge against currency fluctuation in future.
Here's how to pay invoices in a foreign currency
You can pay an invoice in a foreign currency by setting up an international money transfer and having the bank or provider convert your CAD to the currency needed. However, the easier - and often cheaper - option is to pay from a multi-currency business account like the Wise or Airwallex accounts.
Here's an outline of what you'll need to do:
Log into your international business account and select transfers
Add money to your account if there isn't enough in the balance already
Enter the amount your recipient should receive in the local currency
Add your recipient's information
Initiate the transfer
➡️ Related article: How to receive USD payments in Canada |
Conclusion: What is the best way to pay international invoices?
There are several methods to pay international invoices. Each of these methods has its pros and cons, which one is best for you depends on your needs and requirements.
International money transfers with banks or paying with credit cards can be convenient to do, but they can often end up being costly. Western Union and WorldRemit can be good options if the recipient doesn't have a bank account, whereas PayPal can be fast if you already have a PayPal account.
Specialist international money transfer providers like Wise and Airwallex can offer conveniently fast and low-cost bill payments online.When you need to pay overseas invoices, compare the different methods to discover which is best suited to your particular needs.