CashFlow Central supports sending money in foreign currencies, where the international payment is issued in the recipient country's national currency. You can find out what currencies are supported here.
With CashFlow Central, you can pay global vendors directly using ACH bank transfer, Mastercard, or Visa credit card as the payment method.
When paying a vendor in their local currency, CashFlow Central handles the conversion for you. You are charged the equivalent amount in USD, and your vendor receives the exact total in their own currency.
You can find the following information in this guide:
- What are international payments
- Vendors with both domestic and international addresses
- Unsupported industries
- Creating an international payment in a foreign currency
- How do I know what the conversion rate is for my payment?
What are international payments?
International payments are transactions where you pay a vendor located outside of the US and Puerto Rico. Here are key details to know:
- CashFlow Central only supports international payments that originate in the United States. Payment methods must be located in the USA.
- All international payments sent through CashFlow Central are delivered as wire transfers to your vendors.
- Payments over $100K will take an additional 1 business day to process. To see more on our payment delivery timelines, please see the following guide.
Factors that might slow down delivery:
- Weekends and holidays (every country has different bank holidays)
- Errors in payment details, such as IBAN, etc.
- Number of intermediary banks involved in the transfer
Vendors with both domestic and international addresses
When you want to make an international payment to a vendor with both a domestic and international address, you'll need to create two separate vendors in CashFlow Central.
Unsupported industries
There are certain industries that cannot be supported. Vendors involved in diamond, charity/donation, and non-profit industries are not eligible to receive international payments through CashFlow Central.
Creating your international bank transfer in a foreign currency
1- At the top left of the page, select Pay.
2- Select + New Payment.
3- In the Pay page, begin adding your payment information under Payment details.
Adding vendor information
4- Add the Vendor business name. Start typing the vendor's business name in the search field:
- For existing vendors: Select the vendor from the dropdown list that appears as you type.
- For new vendors: Type the full business name and select + Add new vendor to create a new vendor profile.
5- Enter the payment amount.
Adding invoice details (optional)
6- To include an invoice with your payment, select Add bill details.
This opens the bill details page, where you can:
- Upload your invoice file from your device.
- Review the automatically scanned details and make any necessary edits
- Select Continue to pay once all details are correct
CashFlow Central accepts PDF, JPEG, JPG, and PNG files up to 10MB. Upload one invoice per file. The system will scan your invoice and autofill payment details, but always review for accuracy. Use Replace to upload a different file or Cancel to remove it entirely.
Setting up how you pay
7- Choose how you want to pay using the dropdown menu to select your preferred payment method.
International payments can only be made via ACH bank transfer, with a Mastercard, or a Visa credit card. You can find out more about the fees for international payments here.
Setting up the international bank transfer
8- For new vendors, select international transfer as the method the vendor will receive payment. You only need to do it when paying the vendor for the first time.
- Select the Add delivery method box.
- Select +Add next to international transfer.
- Next, submit vendor bank details:
- Select the vendor’s country from the dropdown list.
- Select the vendor’s local currency and enter the bank details.
Please note:
- If USD is the only option shown, local currency payments are not currently supported for that country. You can find a full list of supported currencies in this article.
- Each local currency requires specific bank information (such as an IBAN or SWIFT code). Have your vendor’s local bank details ready before you begin to ensure the payment is processed correctly.
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Enter vendor’s legal details:
- Legal business name
- Country
- Address
- Select Continue when done.
Scheduling and finalizing your international bank transfer
9- Add a memo to your payment (optional).
10- Review all payment details carefully to ensure accuracy, including the mailing address.
11- Select Confirm and pay to schedule your international bank transfer.
12- Your international bank transfer is now successfully scheduled! From the success screen, you can:
- Download or print your payment summary.
- Select Notify vendor to email them the payment details.
- Select Go to dashboard to return to your main account view.
That's it! You've successfully scheduled an international bank transfer in the foreign currency to your vendor. You can track the international bank transfer’s progress in the Payments tab.
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 you’re making an international payment with foreign currency, you’ll see both amounts, along with the conversion rate.
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 pay, your rate is secured, ensuring your payment won't be impacted by any changes.