Small business accounting

How should I pay overseas supplier?

Last updated
July 30, 2025

Contents

How should I pay overseas supplier?

To pay an overseas supplier, you need to:

  • Decide on a payment currency
  • Select a payment method: There are various payment methods and payment service providers available, including bank transfers, credit card payments, PayPal and TransferWise. When you're choosing a payment method or provider, you need to think about the currencies available, fees, exchange rates, speed of global payments and payment reconciliation capabilities.
  • Obtain the information you need to process the payment: You may need to obtain different types of information from your supplier, depending on the payment method you agree on. These may include their full name and address, bank account number, routing number and branch number and address.

<p>To pay an overseas supplier, you need to:<br></p><ul><li>Decide on a payment currency</li><li>Select a payment method: There are various payment methods and payment service providers available, including bank transfers, credit card payments, PayPal and TransferWise. When you're choosing a payment method or provider, you need to think about the currencies available, fees, exchange rates, speed of global payments and payment reconciliation capabilities. </li><li>Obtain the information you need to process the payment: You may need to obtain different types of information from your supplier, depending on the payment method you agree on. These may include their full name and address, bank account number, routing number and branch number and address.</li></ul>

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