3 things to look out for when choosing an International Payments service

If you’re looking to make larger payments overseas, such as buying property, you want to make sure every penny counts. Here, our Currency Exchange partner, Caxton, suggests the three things you should consider when choosing an international payments service provider.

Posted on
November 14, 2023
Currency Exchange

Sending or receiving money from overseas? Whether you have family abroad, own property internationally, or are supporting someone studying overseas, having confidence in your international payment’s provider is crucial, especially when it comes to sending large sums of money.

Our partner, Caxton, have outlined three things to look out for when choosing an international payments service provider to make sure your transactions are smooth sailing.

1. Do you know what the costs are going to be?

If you’re looking to make larger payments abroad, such as buying property, you want to make sure every penny counts. Using an established, trusted, and reputable payments provider means that you will know exactly what you are getting for your money, and how much you are spending in fees. At Caxton, we are upfront and transparent with our fees and we have no additional hidden fees. What you see is what you get.

You also want to be using a service provider that will work with you to make sure you make payments with the best exchange rates available. A good provider will have different payment options available for you to choose from, based on the nature of the payment.

2. Can you chat to a real human?

When you have a company handling your money, no matter the amount, you want to know that you can chat with a real person if you need to for whatever reason. Companies that solely exist online are great, but do they have a customer support team that you can get in touch with if you have a problem or concern?

With making international payments, you may not fully understand the different payment options and want to talk it over with an expert who can help advise you on what option is best for your payment, so can the company you are thinking of using offer that service? Better still, do they have a team of dedicated account managers who are there to help you with all your international payments? Caxton does.

3. Will you get other benefits from being a customer of theirs?

Now, we’re not saying you’re going to get tons of benefits from companies just from using their service, but do they offer other services that you can also benefit from to help move all of your payments onto one platform?

It’s worth looking to see if the company offer anything more than just the service itself. Do they offer email subscriptions on different topics that you may be interested in, like a daily exchange rate notification? Can they help streamline your payment experiences abroad with other services they offer? Will you be given a dedicated account manager to help you make sure you are making the most out of your money?

Choosing who you want to make your international payments with should first and foremost benefit you, as it is your money that the company is handling. Caxton offers all of those things and more, check out our website to read all about our services and what we can offer you.

Caxton have more than 20 years of experience surrounding sending and spending money abroad, so let them help you make international payments as easily as possible. Visit their website to find out more.

Not convinced? You can contact their team  of award-winning consultants who can chat with you about how Caxton can work with your needs.

Expat Estate specialize in supporting foreign nationals to purchase property in Spain.  If you’d like to see how we can help you secure your dream property, please reach out!