Corpay - Money Transfer Costs and FXcompared’s rating

Corpay^ Transfer Fees and Costs

Corpay charges £10 (or the equivalent in currency used) for a fixed transfer fee. Customers referred to by MoneyTransferComparison.com are entitled to an exclusive promotion and their fees are completely cancelled.

Corpay offers one of the best exchange rate guarantee. This means that if someone finds the best rate for the same period of time, the company will match this rate with no questions asked. This is the strongest indicator of really low rates!

Customers do not pay any fixed fees, and the rates offered are among the best in the industry.

Usability

To start using the Corpay services, the client must first open an account. To open an account, you will need to provide your name, contact information and translation requirements.

After the client has provided their basic data, it is necessary to enter the data on the transfer, the amount that is sent, the currency that is transferred, and where the money will be sent.

It is also possible to make a one-time transfer or use a forward contract or limit order to obtain the desired exchange rate.

There is then the opportunity to familiarise yourself with the exchange rate and the commission that will be applied to the transaction. If the customer is satisfied with the full transaction cost, then the money will be transferred.

Mobile product

Corpay does not have mobile applications. However, it has a convenient site that is adapted for mobile devices.

Trustworthiness & Reliability

Business product offering

Corpay serves many corporate clients, from small to medium-sized businesses, to transnational corporations. Since it buys currencies at wholesale rates, Corpay can offer better exchange rates and faster transfers than banks and other institutions. Each client is assigned a special broker, who acts as a single-contact person, offering advice and developing solutions to best meet the needs of each business.

Corpay makes international payments efficient and easy, regardless of whether one-time transfers or regular transactions are made. Companies also have access to Corpay regular payment options. For companies that are vulnerable to fluctuations in the currency exchange market, Corpay offers risk and risk management tools. It offers various ways to transfer currencies, including spot exchanges, forward contracts, stop loss and limit orders.

It also helps corporate clients with forwarding contracts and hedging, which can help companies achieve long-term stability. Small and medium-sized enterprises that make regular payments to employees abroad or make multiple money transfers can benefit from massive payments through Corpay, higher bank rates and cost savings due to economies of scale.

Product Coverage & Service

Corpay is a service-oriented company, and more than 90% of customers left excellent feedback online.

It has a highly personalised service and emphasises the fact that it is pleased to offer individual solutions for any request. Corpay is globally developed, offering 145 types of currencies.

It is also very international in terms of currency supply. Corpay offers some of the most impressive deals in more than 140 currencies.

The disadvantage of Corpay Partners is the lack of offices and settlements with local banks around the world. This means that translations are likely to be slower and more expensive for customers outside the UK. It should also be noted that Corpay does not accept US customers.

Customer Feedback & Satisfaction

Customer Help & Assistance

In addition to its headquarters in London, UK, Corpay has several offices in the US, Ireland, Spain, Italy, Sweden, Australia and Singapore. This is the only way to ensure that such a company can truly offer access to its services to customers around the world.

Also, clients can contact the Corpay hotline by phone or email.

Judging by the reviews, many Corpay customers are satisfied with the level of service of the hotline.

Pricing Transparency

Corpay adheres to a transparent pricing policy. If another provider of currency quotes sets the exchange rate for the client below Corpay, then Corpay will guarantee lower offers using the ‘Best Exchange Rate Guarantee’ – the customer is advised to contact Corpay by phone.

However, it should be noted that this applies only to personal transfers, not corporate transactions.

All quotes from other suppliers should be verifiable, friendly, detail all amounts associated with this, as well as any transaction-related fees that may affect the ‘effective exchange rate’ – i.e. the net amount in real terms that the customer receives. Due to the fact that the company buys currency at wholesale prices, this makes it possible to provide a ‘Best Exchange Rate Guarantee’.