Learn how Remitly Business simplifies international payments with an intuitive setup, transparent fees, and extensive global reach. Sign up today and get started effortlessly.
Managing finances across borders doesn’t need to be complicated. With Remitly Business, UK-based businesses can streamline payments to suppliers, freelancers, or employees in over 100 international currencies. This guide covers everything you need to know about signing up and the benefits of using Remitly Business for cross-border payments.
What is Remitly Business?
Remitly Business is an extension of Remitly’s trusted services, designed specifically for small businesses. It empowers businesses to send international payments efficiently, providing support for over 170 countries and multiple delivery options.
Who is it for?
Remitly Business is ideal for organisations like these:
- Business Owners: Easily pay international contractors and team members.
- Small Businesses: Immigrant-owned and local enterprises can rely on simple, no-fuss solutions for handling payments abroad.
- E-commerce Sellers: Ensure prompt vendor/supplier payments to keep operations running smoothly.
- Global Startups: Optimise payroll systems and simplify payments for international teams.
How can you use Remitly Business?
Remitly Business offers a variety of payment solutions for managing global transactions seamlessly:
- Pay International Freelancers: Quickly compensate contractors overseas with ease.
- Manage Payroll: Pay remote employees their salaries on time in their local currencies.
- Send Vendor Payments: Take care of supplier invoices while avoiding hidden costs.
- Handle One-Off Payments: From refunds to bonuses, simplify and support every type of transaction.
Which businesses can use Remitly?
Currently, Remitly Business serves UK-based companies formally registered as sole traders, limited companies, or partnerships. Before signing up, be sure to review the Business Account Agreement and Acceptable Use Policy to ensure your company meets eligibility criteria.
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Simplifying the Sign-Up Process
Getting started with Remitly for Business is quick and straightforward. Here’s how you can create your business account in a few simple steps:
How to Get Started with Remitly Business
Starting with Remitly is simple and straightforward. Follow these steps to set up your account in minutes:
- Sign Out if you currently have a personal Remitly account.
- Visit the Remitly Business website and click “Create business account.”
- Enter your company email address and a secure password. Select “Join now.”
- Fill in your business details, including your registered business name and type.
- Complete the “Check eligibility” process to verify your company’s information.
Once approved, your account will be ready to send secure payments globally.
What You’ll Need to Register
Be prepared with these details when you sign up for your Remitly Business account:
- About You:
- Full name and date of birth
- Tax identification (NIN or valid government ID)
- Contact details (home address and mobile number)
- About Your Business:
- Business address and website (if applicable)
- Type of business and trading industry
- Employer Identification Number (if relevant)
- Customer and employee details
- Ownership Information:
- Your role and ownership percentage
- Address and tax details for any co-owners
Depending on your registration, Remitly may request additional information to verify your details. Notify them of changes to your business to keep your account up to date.
Why Choose Remitly Business?
Here are the top reasons businesses are switching to Remitly Business:
- Fast and Easy Setup
Getting started is quick and hassle-free. Set up your account in minutes and start making secure payments immediately.
- Lightning-Fast Payments
Recipients often receive funds in under an hour, making it ideal for urgent needs like global payroll or supplier payments.
- Transparent Fees and Rates
Remitly’s upfront pricing means no hidden surprises. You’ll also benefit from competitive exchange rates that enable cost-effective payments.
- Multiple Delivery Methods
Your recipient can choose their preferred way to receive funds, whether by bank transfer, cash pick-up, or mobile wallet.
- Dedicated Business Support
Business users benefit from expert assistance. Remitly’s team understands the complexities of global payments and is available to help resolve any issues.
Frequently Asked Questions (FAQs)
Who can use Remitly Business?
Remitly Business is available for registered UK-based companies, including sole traders, limited companies, and partnerships. Refer to the Business Account Agreement for detailed eligibility criteria.
Does it cost anything to create an account?
No, creating a Remitly Business account is free of charge.
How much can I send with Remitly Business?
Transfer limits depend on factors like the payment destination and delivery method.
What delivery methods are offered?
Methods include bank deposits, debit card transfers, cash pickups, and mobile money, depending on the recipient’s country. Importantly, recipients do not need a Remitly account to collect funds.
How secure is Remitly Business?
With encryption and compliance with regulatory standards, Remitly ensures your transactions are always secure.
Start simplifying international payments today with Remitly Business and save time managing your global transactions.