A business owner’s guide to international payments

If your business is paying overseas suppliers, collecting funds from overseas sales or has any footprint in international markets, you could benefit from learning more about FX markets.

Bank Comparison
WorldFirst vs the Big 4 Banks

In September 2021, the average cost of a $25,000 AUD/USD transfer was $1,027 with the big 4 banks and $150 with WorldFirst.*

  • A margin is the percentage difference applied on the internal buy/sell price of your currency. The higher your margin, the worse your exchange rate is.
  • A fixed fee may also be charged.
  • The total cost of an international payment is the margin + fee.

*The comparison savings are based on single transfer of AUD$25,000 to USD. Savings are calculated by comparing the exchange rate including margins and fees provided by each bank (ANZ, CBA, WPC and NAB) and WorldFirst on the same day 27/09/2021. FXC Intelligence Ltd, an independent third party provides the pricing date. The comparison savings provided is true only for the example given and may not include all fees and charges. Different currency exchange amounts, currency types, dates, times and other individual factors will result in different comparisons savings. These result therefore may not be indicative of actual savings and should be used only as a guide. WorldFirst does not guarantee its accuracy and it may be incomplete or condensed. Visit the FAQs page.


A Business Owner’s Guide to Saving Money on International Payments

This guide has been created to help demystify the sometimes confusing world of international payments. Businesses of all sizes will benefit from understanding how international payments can impact their profit margins, supplier costs and cash flow. It includes case studies, a checklist of questions to ask your provider, an overview of what impacts currency markets and more.

Currency Converter 

Pricing, often called a margin, is the difference between the rate we buy your currency and the rate we sell it to you.

Most banks and FX providers will not disclose their pricing/margin as it’s hidden in the exchange rate you receive as the customer. Banks can charge as much as 5%, and in many cases a fixed fee is also charged. The true cost of your transfer is the fee plus the margin taken by your provider.

Margins are indicative and determined by transfer volumes. As such, margins are tailored to each business. The ‘Your margin’ field on the currency converter can be adjusted from 0.10% to 0.60% to display a range of customer exchange rates. Learn more about our pricing structure.

Learn how businesses use WorldFirst

 Caden Carbon Wheels does global business like a local

Learn how Caden Carbon Wheels provides better value to clients in their global eCommerce business by partnering with WorldFirst to collect global sales in local currency and lower their FX costs.

Budgy Smuggler sees light and day between WorldFirst and the banks

Learn how iconic Australian brand Budgy Smuggler is expanding their business globally while saving money on their international supplier payments using WorldFirst.

Businesses trust WorldFirst

  • Almost 1,000,000 businesses have sent USD$150B around the world with WorldFirst and its partner brands since 2004
  • Your money is safeguarded with leading financial institutions
  • We’re an authorised payment services provider
A million reasons to trust WorldFirst map image

What our customers say