If your business is dealing with overseas suppliers and customers, we offer business products and payment solutions that help you to send and receive international payments.
Our business payment solutions make international payments simple and secure.
These payment solutions are often used to pay international suppliers. Outgoing Wire transfers typically reach the recipient’s bank account in 1 to 4 business days. Time to deliver the payment varies by country and the currency.
Are you receiving a foreign currency payment from your overseas customer? Our Incoming Wire Transfer allows you to deliver foreign currency to us (Euros, Pounds Sterling, and a number of other currencies) which we convert to U.S. Dollars and then deliver directly to your U.S. business bank account.
If you have a foreign currency payment obligation that calls for a payment in the future, you may want to consider purchasing a Forward Contract.
Forward Contracts are agreements to buy or sell a certain amount of foreign currency at a fixed rate of exchange at a future date. They allow you to lock in an exchange rate now, so you know exactly how much you will have to pay for foreign currency in the future. This allows you to mitigate your foreign exchange risk. Not all businesses are eligible to purchase Forward Contracts. Please contact us to learn more.
*Forward Contracts are not suitable for every business. American Express is not providing you with legal, tax or financial advice. We recommend that you consult your own advisers to determine whether Forward Contracts are suitable for you. Eligibility requirements apply.
For businesses that handle large numbers of international payments, we have a range of integration solutions. Please call to find out which solution is right for you.
SYNC is our integrated international payment service that provides a simple, automated and secure online solution, which helps your business save time.
Send payments directly to your beneficiary’s bank account. It’s fast, secure and simple. You can use your existing U.S. business bank account. Outgoing Wire transfers typically reach the recipient’s bank account in 1 to 4 business days.
Forward contracts allow you to reduce exposure to foreign exchange rate movements by locking in the exchange rate for a payment, up to 12 months in advance.
Depending on the destination of your payment, you may have the option to send U.S. Dollars or a foreign currency.