We run a small business and pay a few overseas partners every month. At first, I never paid much attention to transfer costs because each payment only seemed slightly expensive. But when I added up a full year of fees and weaker exchange rates, the total was bigger than I expected.
That sent me down the rabbit hole of looking at other payment providers. I came across MTFX, which focuses on business transfers rather than everyday retail banking. They let businesses send money to 190+ countries in 50+ currencies, and the pricing looked far more transparent.
We now compare rates before sending larger payments, especially for suppliers and contractors. It’s one of those things that seems minor until you see the numbers. If anyone’s researching, this page on global business transfers was a good starting point.
https://www.mtfxgroup.com/business/money-transfers