Paying in US Dollars?
Maybe it's time to make a change and save.
If you are paying your international business partners in US Dollars, it's time to consider the benefits of paying in your vendor's local currency.
Making Informed Decisions
When a US Dollar wire is sent to a receiver in a foreign country, the receiving bank often converts the payment to the local currency based on the currency exchange rate at the time of receipt.
Because currency exchange rates are constantly changing, and because of the uncertainty as to when a payment will be received, non-domestic merchants often increase their US Dollar prices to compensate for their currency exchange risk. By paying in their local currency, you eliminate the foreign merchant’s currency exchange risk which may result in savings for you.
How our Foreign Currency Calculator can help you save!
Simply ask your foreign merchant to provide you with a dual-currency invoice showing the payment amount in both U.S. Dollars and in the foreign merchant's local currency.
Once you have your invoice with both the US Currency and foreign currency, use our Foreign Currency Calculator to determine which payment option is less expensive. It's that simple.
Foreign Currency Calculator