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Covercy

Pay overseas suppliers from your business

Register overseas suppliers and pay them from one Covercy Pay dashboard. Review the exchange rate, flat fee and recipient amount before each transfer.

Start a transfer (opens in a new tab)Learn more on Covercy Pay (opens in a new tab)
Covercy Pay

Covercy Pay is where you start and track your transfer.

What does a supplier payment cost?

Your flat fee and minimum depend on the currency you send. The exchange-rate markup and exact total are shown before you confirm.

  • GBPBritish Pound
    £5flat feeMinimum £1,200
  • USDUS Dollar
    $15flat feeMinimum $1,500
  • EUREuro
    €9flat feeMinimum €1,400
  • ILSIsraeli New Shekel
    ₪39flat feeMinimum ₪5,500

Plus one exchange-rate markup, typically 0.4%–1%, shown in your quote before you confirm.
Fees from covercypay.com/pricing, checked Sep 28, 2026.

How the transfer works

Choose the currencies and amount, review the cost, then send from your bank.

  1. 1

    Get your quote

    Choose the sending and receiving currencies. See the rate, fee and recipient amount before you confirm.

  2. 2

    Send your funds

    Complete verification and make a local bank transfer to the account details shown in Covercy Pay.

  3. 3

    Follow the transfer

    Track the payment in your Covercy Pay dashboard until it reaches the recipient.

Manage repeat supplier payments

A supplier payment needs the right receiving currency, a clear cost and a usable record. Covercy Pay keeps those checks in the payment flow.

  • Save supplier details

    Register a supplier once and reuse their details for future payments from the same dashboard.

  • Keep the payment record

    See the quoted rate and fee before confirmation, and retain a record of each supplier payment for your team.

  • Follow settlement

    Track each transfer status so you know which supplier payment is still in progress.

Questions about this transfer

What does it cost to pay an overseas supplier?
The cost combines one exchange-rate markup and one flat fee based on the currency you send. Covercy Pay shows the exact cost before you confirm.
Is there a minimum business payment?
Yes. It depends on the sending currency: dollars, euros, pounds or shekels. The fee card above shows each current amount.
How does a business pay suppliers abroad?
Register the supplier, choose the receiving currency and amount, review the quote, then fund the transfer from your bank.
Can we keep a record of repeat supplier payments?
Yes. Supplier details are reusable in the dashboard, and each payment has a record you can access for accounting.
How do we see whether a supplier payment arrived?
Follow the payment status in Covercy Pay after funding the transfer.

Explore related transfers

Ready to pay an overseas supplier?

Start on Covercy Pay, review the quoted cost and keep the payment record in one dashboard.

Start a transfer (opens in a new tab)Learn more on Covercy Pay (opens in a new tab)