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Learn how to quickly and easily collect international payments without expensive foreign exchange fees. GoCardless offers merchants transparent pricing with no exchange fees and no hidden charges. However, there are several ways to avoid credit card charges for foreign currency transactions. This way, you can bypass the foreign transaction fees and boost your bottom line. Many different credit card providers offer these types of cards, including Mastercard. Apart from the time involved in researching, applying for, and getting everything set up, it's important to consider that typically there will be terms, conditions, and other charges attached to these types of cards that you need to be aware of.
Dollars and settle in British Pounds. GoCardless has partnered with Wise to allow all merchants to convert foreign currency at the real exchange rate without any additional fees or charges. With a quick and easy setup and the ability to automate payment collection, GoCardless saves you time as well as money when it comes to doing business internationally.
Learn more about accepting international payments with GoCardless. Using GoCardless to collect bank payments in local currencies saves the agency money on transaction fees compared to charges on the card payments they previously accepted. Pete also uses GoCardless to automate payment collection, eliminating late payments with invoice payments automatically collected on their due date. Using the multiple software integrations available with GoCardless, Pete has also been able to automate bank reconciliation via Xero and further optimise the international payment process through integration with Wise.
Switching to GoCardless from card payments has allowed Pete and Hub Do to: eliminate late payments save time on financial admin save money on transaction fees focus on growth rather than cash flow Watch Pete talk about how easy it is to collect international payments: Collecting international payments can be expensive and time-consuming. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms.
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