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Xflow’s Multi-currency Receiving Accounts Simplify Collection for Major Currencies like USD ($), EUR (€) and GBP (£)
Multi currency
Vishal patkar

Vishal Patkar

Design & Product

To grow your business globally, you need a cross-border payments solution that works seamlessly for all major currencies worldwide. But that’s not all. Given the nature of these transactions, you also need this solution to be trustworthy and compliant with all financial and security regulations.

Xflow’s Multi-currency Receiving Account fits the bill given the following benefits:

  • Support for all the major currencies: Collect payments in USD, EUR and GBP by logging into your Xflow account right away. Support for the United Arab Emirates Dirham (AED), Australian Dollar (AUD), and 7 other Eurozone currencies will be going live later this month (February 2024). The list of supported currencies grows longer with Singaporean Dollar (SGD) and Canadian Dollar (CAD) set to launch in the coming days.
  • Collect payments from anywhere in the world: Your partners and customers could be spread across the globe but no matter where they are, you can enable them to pay you in USD, GBP and EUR using their country’s local payment methods instead of international wire transfers.
  • Affordable payments and no hidden charges: Using local payment methods ensures the transaction is affordable. For example, customers in Europe can pay with SEPA, which is free, instead of SWIFT which costs around €40 - €45 per transaction. Here is what makes this even better - our FX rates are directly linked to the mid-market rates - the only true way to know how much you are being charged on currency conversion.
  • Reliable and compliant, every single time: At Xflow, reliability and trustworthiness of our customer’s transactions is paramount - which is why we have each of our transactions supported/powered by JP Morgan Chase - one of the world’s largest banks - ensuring your money is safe and compliant at all times. That’s not all - we recently got ourselves ISO 27001 and SOC 2 certified- the gold standard in information security to ensure our customer data is always safe and secure.
  • Fast and always-on: International wires or SWIFT payments can take up to 2 business days to settle, are difficult to track, and are prone to multi-day delays. Local payment methods such as SEPA Instant and FPS provide an instant settlement for EUR and GBP transactions whereas Fedwire in the US settles in less than 3 hours. These payment methods work 24/7 so you get early access to your funds thanks to XFlow’s Multi-currency Receiving Accounts.
  • No transaction limits: Unlike other cross-border payment providers, Xflow Receiving Accounts do not have limits on transaction size or number of withdrawals. The accounts are designed to work for freelancers, small businesses and large enterprises.

So, how do Xflow's Multi-currency Receiving Accounts work?

To start off, if you are a business or a solopreneur/freelancer looking to receive international payments from your customers and partners just about anywhere in the world, sign up for an Xflow account. The account comes bundled with Multi-currency Receiving Account enabled for all major currencies - USD, EUR and GBP.

Next up, follow the steps below and start collecting international payments immediately:

  • Select the currency you want to receive payments in, and click on the ‘Bank Transfer’ Instructions. Screenshot 2024-02-08 at 4.02.20 PM.png
  • Select the country from where your customer is making the payment. You will notice multiple payment options show up on the right-hand side. Select one or all of these payment methods, and now either copy or download a professional looking PDF and share it with your partners and/or customers. Screenshot 2024-02-08 at 3.32.05 PM.png
  • Once your partner and/or customer pays and funds arrive in your receiving account, we will email you. Once this is done, you can now withdraw payments to your INR bank account anytime. Screenshot 2024-02-08 at 4.20.52 PM.png

Like what you see? Learn more about Xflow's Multi-currency Receiving Accounts.

Pro Tip: Use Xflow Invoicing to bill your customers. The bank transfer instructions are automatically added to the invoice. Xflow Invoicing is free for you.

You can use the Xflow dashboard for a no-code payments experience or integrate directly with our APIs. You can also use our Xflow for Platforms to facilitate international payments on your platform.