Small Fish Big Ocean

Helping specialist tour operators and activity providers with travel ecommerce

Pete
  • London
  • United Kingdom
Share on Facebook Share Twitter

Pete's Discussions

Best way to make international payments to pay suppliers?
16 Replies

Hi all!  I'm looking at how to make international payments to pay suppliers and it seems the banks are neither particularly helpful nor cost effective for this.  I wonder if anyone can suggest a…Continue

Started this discussion. Last reply by Sam Clark Mar 13, 2012.

 

Pete's Page

Latest Activity

Sam Clark replied to Pete's discussion Best way to make international payments to pay suppliers?
"We have used loads since about 2004. Individual brokers were quite good when we were very small and a small broker saved me from disaster by insisting I brought ahead just before the sterling crash in 2008. However, once up to a certain size I…"
Mar 13, 2012
John Walsh replied to Pete's discussion Best way to make international payments to pay suppliers?
"Hi Pete, Although we don't deal with the US, we have looked at loads of Options: "International Friendly" banks, currency advanced buying etc. It really depends upon the size of transactions....if your transactions are big…"
Mar 11, 2012
Dee Edwards replied to Pete's discussion Best way to make international payments to pay suppliers?
"There isn't a legal issue with using credit cards, but likely to be an exchange rate one. USD and CAD seem pretty close, even if not pegged anymore. Between GBP and other currencies, there's been a lot of fluctuation and the %…"
Feb 8, 2012
Matt Zito replied to Pete's discussion Best way to make international payments to pay suppliers?
"Pete, hi, I tried to view your profile to gather more information but I could not see what type of travel business you are running. Why don't you just give the USA supplier a corporate credit card and let them charge the travel expense to your…"
Feb 8, 2012
George replied to Pete's discussion Best way to make international payments to pay suppliers?
Feb 7, 2012
Dee Edwards replied to Pete's discussion Best way to make international payments to pay suppliers?
"Afraid I don't know. It was fairly easy to set up but there was some faff with setting up security certificates & I set up on one computer but I work across 3. But I know someone who uses it for this reason quite regularly (and been doing…"
Dec 16, 2011
Ben Colclough replied to Pete's discussion Best way to make international payments to pay suppliers?
"Will have to try it. How do you find the rates on Travelex? Problem with shopping around is that it takes ages signing up for the services, and actually sending a payment before you find out exactly what the spread on the interbank rate is going to…"
Dec 16, 2011
Dee Edwards replied to Pete's discussion Best way to make international payments to pay suppliers?
"Ben, have you tried the Travelex system which allows you to buy and hold dollars?"
Dec 16, 2011
Miguel Gibson replied to Pete's discussion Best way to make international payments to pay suppliers?
"Hi All, well, I am sure we have all suffer the same. I have tried all in the past. I am literally giving away what cost me months of investigations and trial and error. I would recommend Moneycorp or Baydonhill. You will pay £7 or £10…"
Dec 14, 2011
worldpolita replied to Pete's discussion Best way to make international payments to pay suppliers?
"Hi Pete, I don't know if it can help you, but for service payments (Flat fee payments via PayPal) further than for project productivity, scheduling terms of deliveries, draft invoices etc. I suggest to try this helpful production tool. :-)…"
Dec 10, 2011
Dermot O'Flynn replied to Pete's discussion Best way to make international payments to pay suppliers?
"Hi Pete. Spoke to John Paul about this and he explained that while they do retain the ability to impose charges, in practice they very rarely do. They tend to reserve it for people who have particularly complicated arrangements. I've been with…"
Dec 8, 2011
Pete replied to Pete's discussion Best way to make international payments to pay suppliers?
"Thanks for the info above, I'm looking into the options. Dermot - I just had a look at VFX and they say they charge up to £15 per transaction which doesn't sound very competitve, unless I'm missing something? -…"
Dec 7, 2011
Dermot O'Flynn replied to Pete's discussion Best way to make international payments to pay suppliers?
"Just as a follow up, I mentioned to my broker there that I had recommended him and he said he would be happy for people to contact him directly, so if you want to call John-Paul Georgiou at VFX on 0207 959 6851 then he will be happy to talk you…"
Dec 7, 2011
Dermot O'Flynn replied to Pete's discussion Best way to make international payments to pay suppliers?
"We use EasyFX, provided by a company called Voltrex, although I think they have just rebranded as VFX (the website is www.vfxplc.com) and it's a great service. The fees are basically non-existent, and the rates you get are typically about a…"
Dec 7, 2011
Ben Colclough replied to Pete's discussion Best way to make international payments to pay suppliers?
"Have the same issues as you here. I have used two services, American Express FXIP and Oanda FX trade. American Express FXIP has a good online system and an efficient direct debit setup (so they just pull the money from your account) when you…"
Dec 7, 2011
Dee Edwards replied to Pete's discussion Best way to make international payments to pay suppliers?
"You should be able to do currency transfers with NatWest online. Also on fax (need to set up fax authorisation on accounts separately). Another system you may want to look at Travelex. One of the features is the ability to buy dollars at a certain…"
Dec 5, 2011

Profile Information

Tell us more about yourself:
I am a keen traveller and looking to set up a small company offering adventure holidays in selected countries in the developing world.

Comment Wall

You need to be a member of Small Fish Big Ocean to add comments!

Join Small Fish Big Ocean

  • No comments yet!
 
 
 

Advertising...

TourCMS

Use TourCMS to build Widgets like this:

© 2014   Created by Small Fish Big Ocean.

Badges  |  Report an Issue  |  Terms of Service