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Save time and money on all your foreign currency payments

Posted 4 years ago in Platform by Riley James
Posted by Riley James

TransferMate Xero Add-onTransferMate helps Xero users to save time and money on paying international foreign currency invoices. By integrating directly with Xero, you can select your unpaid foreign currency invoices, view live exchange rates and book those payments. Payments are then instantly posted back to Xero saving you time and money.

Who is it for?

TransferMate is for any business that pays invoices in foreign currencies. You may be an Australian importer paying suppliers in US dollars or a New Zealand retailer paying suppliers in Germany in Euro.

How TransferMate works with Xero

TransferMate connects to your Xero account and searches for your foreign currency invoices. Through TransferMate you can book your foreign currency payments and TransferMate will send the payment details into Xero, marking your Xero invoices as paid, saving you the hassle of double entry.

Traditional banks often overcharge and under deliver on international payments. TransferMate saves customers on average 80 percent on international payments by offering lower wire/bank transfer fees and more competitive exchange rates than traditional banks.

Where you can use TransferMate

TransferMate is available in Australia, New Zealand, the US, the UK, Canada and Europe.

Try TransferMate Today

For more information or to register, check out the TransferMate website or contact their team.

One comment

Accounts Payable
May 29, 2014 at 3.38 pm

Update regarding our experience. Issues were finally resolved and we are now using TransferMate. TransferMate has greatly simplified our foreign currency payments process, not to mention the cost to execute the transaction is by far the lowest we have seen (most services charge a fee and use highly unfavorable exchange rates). They will soon add the ability to include information along with the payment such as invoice number so our vendors can match the incoming payment. The application process for Transfermate services does need to be streamlined as it did take quite a while to establish. Regardless, great service.

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