Can I make an international payment with a foreign currency?

  • Updated

Yes! With Melio, you can seamlessly pay your international vendors in their local currencies. They donโ€™t even need a Melio account to accept payments.

Currently, we facilitate these payments to vendors who accept 15 currencies across Europe, Asia, and the Asia-Pacific region. We are continuously expanding our list of supported currencies to better serve your needs.

Payments are debited from your US Dollar account, and your vendor gets paid in their own currency.

What currencies are available? 

Currency Code Currency Full Name Country
๐Ÿ‡ฆ๐Ÿ‡บ AUD Australian Dollar Australia

๐Ÿ‡ง๐Ÿ‡ท BRL

Brazilian Real Brazil
๐Ÿ‡จ๐Ÿ‡ฆ CAD Canadian Dollar Canada
๐Ÿ‡จ๐Ÿ‡ณ CNY Chinese Yuan China
๐Ÿ‡ช๐Ÿ‡บ EUR Euro Eurozone Countries
๐Ÿ‡ฌ๐Ÿ‡ง GBP United Kingdom Pound United Kingdom
๐Ÿ‡ฌ๐Ÿ‡ช GEL Georgian Lari Georgia
๐Ÿ‡ญ๐Ÿ‡ฐ HKD Hong Kong Dollar Hong Kong
๐Ÿ‡ฎ๐Ÿ‡ฑ ILS Israeli New Shekel Israel
๐Ÿ‡ฐ๐Ÿ‡ท KRW South Korean Won South Korea
๐Ÿ‡ฒ๐Ÿ‡ฝ MXN Mexican Peso Mexico
๐Ÿ‡ต๐Ÿ‡ญ PHP Philippine Peso Philippines
๐Ÿ‡ต๐Ÿ‡ฑ PLN Polish Zล‚oty Poland
๐Ÿ‡ธ๐Ÿ‡ช SEK Swedish Krona Sweden
๐Ÿ‡ธ๐Ÿ‡ฌ SGD Singapore Dollar Singapore

 

How do I know what the conversion rate is for my payment? 

Both the USD amount that is deducted from your account and the amount in the foreign currency your vendor gets are clearly indicated.

When youโ€™re making an international payment with foreign currency, youโ€™ll see both amounts, along with the conversion rate.

conversion rate and both amounts.png

Will the rate change?

We're displaying the current rate, which might change by the time you complete scheduling the payment. This might happen due to rates fluctuating all the time. 

Don't worry, though! Once you click Confirm and Schedule, your rate is secured, ensuring your payment won't be impacted by any changes.

What can I pay with?

Like any other International payment, you can pay via ACH bank transfer, with Mastercard or Visa credit card*.

Are there any fees for an international payment in a foreign currency?

The international processing and conversion fees are already included in the conversion rate, so there are no additional international fees. However, other fees unrelated to the international payment, such as payment method fees, may still apply.

More important notes:

  • International payments currently canโ€™t be made from businesses registered in Texas or Vermont.
  • Puerto Rico is not considered an international payment, since it is legally a US territory.

Ready to start making international payments with foreign currency? Follow these steps.

*Subject to card network limitations.

 

 

 

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