Making international money transfers to pay suppliers in China

Are you looking for the fastest and cheapest way to pay your supplier in China in USD?

RationalFX are money transfer specialists who offer solutions for businesses looking to make international transfers to pay suppliers and each year we help thousands of importers to pay their bills in dollars to China.

Are you looking for the fastest and cheapest way to pay your supplier in China in USD?

RationalFX are money transfer specialists who offer solutions for businesses looking to make international transfers to pay suppliers and each year we help thousands of importers to pay their bills in dollars to China.

What differentiates RationalFX from a bank?

As a payments institution authorized by the Financial Services Authority for the provision of payment services (FSA), RationalFX specializes in currency exchange and international money transfers. Our specialization enables us to provide our customers with the same benefit that banks offer exclusively to their largest account holders and to multinationals.

China imports

 

Specifically, you get

  • Very competitive exchange rates: Generally our exchange rates are 20% more competitive than those offered by a bank.
  • The speed of our service: Your supplier will receive your payment between 24-48 hours after we have received your funds as we are members of the SWIFT banking network.
  • Our online payments platform is available 24/7, so you can make your transactions at any time and with ease.
  • Zero comissions: Our services are free and our transfer fees are amongst the cheapest on the market.
  • High levels of security: We use the same security protocols and data encryption that banks use.
  • Bespoke service: Our services are tailored to your company to perfectly match your needs and you will be assigned a dedicated RationalFX dealer.
  • Our Newsletter system: You can receive our daily market analysis to keep you informed of market movements of currency exchange, so you will never miss out on the opportune moment to transfer money.

What options do RationalFX provide when I need to pay my supplier in China in USD?

RationalFX will be able to offer several solutions when you need to pay your supplier in China, so call today to speak to one of our advisors to find out the best solution for your business and to establish a strategy that will be most beneficial for your business.

SPOT deal

Whether it’s through a member of our dealing team or via our online payments system, you can initiate your payment within seconds. Simply provide us the bank details of your supplier in China, the amount you owe and the billing currency. Once that’s done, you can send your funds via bank transfer or by credit or debit card if you are using our online payment platform. Once we acknowledge receipt of your funds your provider will receive the dollars in their bank account within 24-48hours.

With credit or debit card payments, funds can be received by your recipient the same day if you make the payment before 2pm on a working day.

Forward Deal

This service is popular with companies who are aware of their dollar requirements for a period of 7 days to 2 years as this will enable you to fix an exchange rate for up to two years. You will therefore be “covered” against currency fluctuations in the market so will be able to ensure your profit margins. 

Rate watching / limit order / order floor

These three services are extremely useful when you have a few days to pay your supplier in China. You can monitor exchange rates to notice the fluctuations, which will help you to determine an exchange rate in USD that you would desire for your next transaction. If this rate is reached during the day, your RationalFX advisor will call you to see you if you want to buy the dollar amount at this time.

The order and limit order floor work on the same principle. You decide with your advisor the exchange rate that you would like to reach and the time interval during which this order is valid. If the rate is reached (day and night) the payment is AUTOMATICALLY triggered, so you are assured of not having missed the opportunity to increase your margins. But if the rate is not reached, the order is cancelled out by itself. 

For more detailed information about our services and our rates, you will be able to speak to an advisor by calling +44 (0)20 7220 8181.

Make an international money transfer to China now