With Covercy, the overall costs can get as low as 80% of that of the bank and the final amount for the beneficiary is guaranteed during the online process, which saves you all this trouble. As an importer you can ensure that the actual funds you transfer to overseas suppliers will reach their final destination quickly and with lower fees by taking advantage of Covercy’s innovative transfer services. Using Covercy’s transfer method, the funds will be transferred with lower fees, which are set up front and won’t be changed later, and will take place quickly. This leads to saving on every transaction.
Save time on supplier payments overseas
Using online transfers for international payment transfers can save businesses time, by avoiding the long lines, availability of your banker and bank fees. Banks in different countries have different operating times, which means that a transfer can take several days to go into effect. Covercy harnesses the power of local banking to ensure that the process is quick, and that the bank fee is known before making the payment. This feature makes it easy to pay invoices and make deposits for goods and services overseas.
Transfer Funds Safely
Safety is also a key point to take into consideration when choosing a payment transfer system for making first deposits and paying invoices to external suppliers overseas. Covercy’s money transfer system is reliable and secure, fully compliant with all the standards and regulations set by the UK Financial Conduct Authority (FCA) and is registered with the UK Data Protection Act Registration.
Transparency and Trust
With Covercy, when making an international payment to an overseas supplier, you’ll have the convenience of making a local bank transfer in your local currency, while expanding your supply and manufacturing reach to international suppliers. Covercy believes in transparency along the entire transfer process, offering eligible transfers a guaranteed final exchange rate which will not change.* It also offers the ability to track your money transfer order in your dashboard until it is complete, ensuring your suppliers get their payments swiftly. Covercy’s low fees, and set up-front exchange rate, will give your business an advantage when paying overseas suppliers, and keep you ahead of the competition.
* Rate Guarantee is valid for up to 48 hours from the moment you have created a transaction in the system. Not all transfers are eligible for Rate Guarantee. Please follow on-screen instructions accordingly. Terms and conditions apply.