Oftentimes, utilising your bank for business money transfers isn’t a great idea if you want long-term solutions as it can become too expensive, with transfer costs of up to 10%. This is why committing to a money transfer specialist for your business is probably ideal, especially now that digital companies are using innovative technology to make international transfers faster, cheaper, and easier than ever.
Frog portfolio company Azimo – a world leader in online and smartphone-based money transfers – shares the key factors companies need to consider when choosing a reliable service provider for B2B money transfers.
According to them, choosing the wrong money transfer company could make a big difference, which can result in losing hundreds or even thousands of pounds.
Azimo says, “Regardless of your trade, you’ll want a money transfer service that suits your company or organization’s business needs.” To keep profits up and losses low, Azimo advises you to consider these factors:
- Currencies
- Costs
- Speed
- Simplicity
- Additional services
- Customer service
- Security
Azimo concludes that you’ll want peace of mind that it’s safe every step of the way, whether you’re only receiving or sending money. You can read Azimo’s advice in more detail in their blog post here.
