In the global marketplace, efficient and reliable international export payment methods are crucial for exporters. Navigating the various international wire transfer options can be daunting, but understanding their differences can significantly enhance your business operations. This guide will delve into four key types of international wire transfers: ACH, SWIFT, SEPA, and FPS. Each method has unique features, benefits, and ideal use cases, making it essential for exporters to choose the right one for their needs.


  1. ACH (Automated Clearing House)

ACH transfers are electronic bank-to-bank transactions processed through the Automated Clearing House network. Predominantly used in the United States, ACH can also facilitate cross-border payments, though its reach and speed may be limited compared to other methods.

Key Features:

  • Cost-Effective: ACH transfers are generally low-cost, making them ideal for routine, high-volume transactions.
  • Speed: Domestic ACH transfers typically take 1-2 business days. International ACH transfers can take longer, up to several days.
  • Security: ACH transactions are secure and governed by strict regulations.

Best For:

  • Regular, recurring payments such as payroll or subscription services.
  • Businesses dealing primarily with U.S. partners.


  • Limited global reach and slower speed for international payments.
  • Not ideal for urgent transactions requiring immediate settlement. 
  1. SWIFT (Society for Worldwide Interbank Financial Telecommunication)

The SWIFT network is the most widely used system for international payments. SWIFT is a global messaging network used by banks and other financial institutions to securely transmit information and instructions through a standardized system of codes. It connects over 11,000 financial institutions across more than 200 countries, facilitating secure and standardized messaging for cross-border transactions.

Key Features:

  • Global Reach: Extensive network ensuring connectivity with almost any bank worldwide.
  • Reliability: Highly secure and robust infrastructure.
  • Flexibility: Supports a wide range of currencies and transaction types, including payments, securities transactions, treasury transactions, and trade transactions.

Best For:

  • High-value transactions requiring secure and reliable transfer.
  • Payments to countries outside the EU or not covered by regional payment systems.


  • Can be more expensive due to fees charged by intermediary banks.
  • Transactions may take 1-5 business days depending on the countries involved.


  1. SEPA (Single Euro Payments Area)

SEPA is a European Union initiative that simplifies bank transfers denominated in euros. It covers 36 countries, including EU member states and several others, aiming to make cross-border euro payments as easy as domestic ones. 

Key Features:

  • Efficiency: Euro transfers typically settle within one business day.
  • Low Cost: SEPA transactions are generally inexpensive, often costing the same as domestic transfers.
  • Standardization: Uniform rules and procedures across participating countries.

Best For:

  • Businesses operating within Europe, especially those dealing in euros.
  • Routine payments such as supplier invoices or customer refunds within the SEPA zone.


  • Limited to euro-denominated transactions.
  • Not applicable for payments outside the SEPA region.


  1. FPS (Faster Payments Service)

FPS is a UK-based system that allows near-instantaneous transfers between participating banks. While primarily used for domestic transactions, FPS is gradually being integrated with other international systems to facilitate cross-border payments.

Key Features:

  • Speed: Transfers are processed within seconds, 24/7.
  • Convenience: Available for individual and business payments, including payroll and supplier payments.
  • Accessibility: Widely used across the UK, with growing international connections.

Best For:

  • Urgent payments within the UK.
  • Businesses needing rapid settlement for time-sensitive transactions.


  • Limited to UK domestic payments unless integrated with other international services.
  • Transfer limits may apply, depending on the bank and type of account.

Choosing the Right Method for Your Business

For exporters, the choice of wire transfer method depends on several factors including transaction speed, cost, geographic reach, and the currencies involved. If you’re a business looking to take your business global, navigating through regulations, high transaction costs, limited reach, time-consuming onboarding procedures can seem very tedious and confusing. However, Razorpay MoneySaver Export can be your trusted partner for taking your Indian business global. We specialize in secure wire transfers for export payments, offering both industry-leading success rates and robust protection against fraud. Plus, we’ll guide you seamlessly through any international regulations, so you can focus on growing your business overseas. 

  • Global Reach with Local Methods: Supports ACH, SWIFT, SEPA, and FPS across key export regions.
  • Cost Savings: Enjoy 50% savings on export payments, with no hidden charges and full transparency.
  • Fee-Free Transfers: International customers can transfer money without extra charges, similar to local bank transfers.
  • Wide Coverage: Provides a local banking experience in 160+ countries without the hassle of complex paperwork.
  • Automated Compliance: Includes automated e-FIRC for every payment through your Razorpay dashboard.
  • High Success Rates: Benefit from Razorpay’s best-in-class success rates for global payments.
  • Native Currency Payments: Customers can pay in their native currency, with settlements made directly to your Indian bank accounts.


Razorpay MoneySaver Export offers a one-stop solution for exporters, simplifying global transactions and empowering you to focus on what matters most: growing your business.  With competitive exchange rates, transparent fees, and a user-friendly platform, Razorpay empowers you to receive payments from anywhere in the world, seamlessly.

Ready to expand your business to the world?


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    Jeanne Rozario
    Author Jeanne Rozario

    A devoted dog cuddler with an appetite for all things food, TV shows and rock music.

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