Supported Payment Currencies - XTransfer

Supported Payment Currencies

AI-integrated, for reference only

Product Advantages

Faster

Open 30+ accounts in as fast as 1 day
24/7 foreign exchange and withdrawals
Funds arrive in as fast as 1 second

Safer

Professional risk control team
Advanced AI analysis capabilities
Protect customers’ privacy

More Convenient

24/7 online operations
All accounts opened with zero fees
Full-featured B2B cross-border finance app

More Flexible

One-on-one service
Simple and fast operation
Perform cross-border payments anytime

Pay and get paid in local currency. Save up to 80% on your currency exchanges.

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Cross-border Transfer, Operating Steps

1Prepare Documents

Prepare company-related documents
Register on the XTransfer website
Our customer service will provide one-on-one support

2Submit Application

Submit documents online
Upload with one click
Simple operation, no complicated process required

3Preliminary Review

Professional team conducts compliance checks
Ensure enterprise information security
The whole process is professional, efficient, transparent, and secure

4Approval Granted

Use immediately
Quickly start cross-border payments
Connect with banks in different countries worldwide

Exchange Rate Converter

Amount

Result

1 TJS = -- PEN

10:23 Exchange Rate

Transfer

Common Exchange Rate Conversion

Popular SWIFT Bank Codes

NBFUKYKY

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NBF MARKETS (CAYMAN) LIMITED

KMRAKYKY

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KIMERA LIMITED

MMCLKYKY

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MIZUHO MARKETS CAYMAN LP

LIFDKYKY

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LICANIA FUND LTD.

GIMKKYKY

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GIB MARKETS LIMITED

UBSWKYKYGPP

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MUFG ALTERNATIVE FUND SERVICES (CAYMAN) LIMITED

Questions Related to Supported Payment Currencies

Which foreign trade payment platform is the easiest to use?

When choosing the best platform for foreign-trade payments, it’s important to comprehensively evaluate compliance, fees, fund-arrival speed, and customer service. Platforms like XTransfer focus on the B2B field and provide a strong anti-money laundering wind control system to ensure the safety and compliance of funds. It usually offers better exchange rates and lower fees, and supports collection in multiple currencies around the world, with the fastest daily payment. It is recommended to choose a platform that holds relevant payment licenses, has a good reputation in the industry and can provide localized customer support to meet the long-term and stable collection needs of enterprises.

How do I open a foreign trade collection account?

Opening a foreign trade collection account usually only takes three steps. First of all, to choose a reliable platform online and submit an application for registration, it is generally necessary to provide basic information such as business license and legal person identity certificate. Secondly, the platform will conduct background and business authenticity audit (KYC) on your enterprise, which is to ensure the safety and compliance of funds. Finally, after the approval, the platform will open a dedicated global collection account for you, and you can provide your account information to overseas buyers for payment.

Can they pay RMB directly to European and American customers?

In theory, it can, but it depends on the cross-border RMB business capabilities of your customer's local bank and their willingness. Many overseas banks have complex and expensive processes for handling cross-border renminbi payments, so most European and American customers are still used to paying mainstream currencies such as dollars or euros. A more convenient solution is that you use a collection platform that supports multiple currencies. No matter what currency customers pay, you can easily receive and remit RMB on demand, effectively avoiding the risk of exchange rate fluctuations.

What are the differences between using a company’s offshore account and a third-party payment platform for foreign trade collections?

The difference between the two is mainly in the opening threshold, cost and efficiency. The threshold for opening an offshore account is high, you need to go abroad in person, and there are deposit requirements and high management fees, but the use of funds is relatively flexible. The account opening process of the third-party collection platform (such as the platform focusing on B2B foreign trade collection) is simple and fast, can be completed online, has no account opening fee and maintenance fee, has lower comprehensive cost and fast account arrival speed, and provides one-stop services such as foreign exchange settlement and exchange, which is especially suitable for small and medium-sized foreign trade enterprises and can effectively improve the efficiency of capital turnover.

What “pitfalls” should you be aware of when using foreign trade payment platforms?

The use of foreign trade collection platform should pay attention to several key points: 1. Be alert to hidden fees, in addition to the handling fees on the surface, but also pay attention to foreign exchange losses, withdrawal fees and so on. 2. Confirm the compliance of the platform and ensure that it holds the payment license of the relevant country or region to avoid the risk of funds being frozen. 3. Understand its risk control policy to avoid delays in accounting due to incomplete transaction materials or involving sensitive areas. 4. Test the response speed and professionalism of customer service, and it is very important to get timely and effective help when encountering problems.