Sending Money Abroad for Business: Transaction Methods & Efficient App Recommendations

For many businesses, sending money abroad has become a routine part of daily operations for various needs, such as paying suppliers, subscribing to business tools, and more.

The challenge is not only ensuring that the funds arrive, but also making sure the payment process is efficient, transparent, and aligned with proper cash flow management.

That is why choosing the right international transaction method and application is a strategic decision, not merely a technical one.

Common Methods for Sending Money Abroad for Business

In practice, businesses use several different approaches depending on transaction scale and operational needs.

International bank transfers via the SWIFT network remain the most conventional method. This approach is commonly used for high-value transactions and cross-border corporate relationships.

However, the process often involves intermediary banks, which means settlement times and final costs are not always predictable from the outset.

In addition, some businesses rely on international remittance services or payment gateways.

These methods are generally faster and more transparent in terms of fees, but they are not always integrated with a company’s internal financial systems.

As a result, finance teams still need to handle manual recording and reconciliation.

Recommended Apps & Platforms for International Transactions

For businesses that make international payments on a regular basis, using dedicated platforms can deliver significant efficiency gains.

Below are several commonly used approaches along with their advantages.

1. Direct international bank transfers

Suitable for companies that already have global banking relationships and large transaction volumes. The downside lies in limited fee visibility and relatively lengthy processing times.

2. Cross-border payment platforms

These platforms are specifically designed for business needs, combining invoicing, payments, and record-keeping into a single workflow.

Examples include Wise, PayPal, Transfez, and others. However, such applications may not always be suitable for businesses handling large transaction values.

3. PaperXB

PaperXB is designed as a solution for sending money abroad with a focus on business operational needs.

It not only facilitates international payments, but also helps ensure transactions are well recorded and support effective cash flow management.

Some added values that make PaperXB relevant for businesses include:

• Access to payments via credit card, allowing for longer payment terms
• Transparent visibility of transaction amounts and payment status, with no hidden fees
• Payment processes linked directly to business documents, such as invoices, reducing data errors and speeding up reconciliation.

With this approach, international payments no longer stand alone, but become part of a more structured financial workflow.

Those are some recommended methods for sending money abroad that you can consider.

Keep in mind that the method chosen by a business will have a direct impact on cash flow.

Hidden fees, exchange rate differences, and payment delays can disrupt financial projections if not managed properly.

Therefore, platforms that offer greater transparency and control help businesses maintain cash stability, especially when international transactions are carried out regularly.

*This article is a collaboration between Paper and ESB.id