Question 1

How can I transfer money to a business abroad safely and quickly?

Accepted Answer

Use an online payments platform like Covercy Pay to pay overseas businesses from local accounts securely and fast—no need for SWIFT or complex banking flows.

Question 2

What’s the difference between a regular bank transfer and Covercy Pay?

Accepted Answer

Traditional wires are slow with high fees and costly FX. Covercy Pay lets you pay in local currency that’s auto‑converted to the destination with low fees and full transparency—fully online.

Question 3

How do I avoid high fees on international transfers?

Accepted Answer

Prefer networks that settle through local accounts in each country. Covercy Pay shows the FX rate and total cost upfront, with no surprises.

Question 4

How do I transfer money to my own account overseas simply and securely?

Accepted Answer

Open a transfer online, send locally, and funds are deposited to your overseas account. Covercy Pay supports major currencies like USD, EUR, GBP, AED, THB, HUF and more.

Question 5

How can I pay for an overseas real‑estate property without high fees?

Accepted Answer

Pay in the property’s target currency (USD/EUR/GBP/AED, etc.). Covercy Pay pays directly to the seller with competitive rates and lower fees than banks.

Question 6

What’s the easiest way to move money for relocation?

Accepted Answer

Covercy Pay supports large payments for rent, vehicles, and account setup with tracking and confirmations in USD, EUR, GBP, AED, THB, HUF and more.

Question 7

How can an Israeli business pay customers or suppliers abroad?

Accepted Answer

Open a Covercy Pay account and pay locally in multiple currencies (USD, EUR, GBP, AED, THB, HUF, etc.), saving time and cost.

Question 8

Is Covercy Pay suitable for small businesses and freelancers?

Accepted Answer

Yes. The simple interface works for sole traders up to global companies—no complex banking is needed.

Question 9

How long does a transfer with Covercy Pay take?

Accepted Answer

Typically 1–3 business days, depending on the country and currency.

Question 10

How do I know the money was transferred successfully?

Accepted Answer

You receive an email confirmation for each transfer, and you can view status and download receipts in your account.

Question 11

Can I use Covercy Pay for personal transfers too?

Accepted Answer

Yes—e.g., pay for real‑estate in EUR/GBP, send AED to family, or transfer to a personal account abroad. Open online, pay locally, and funds arrive in the target currency.

Question 12

Is Covercy Pay regulated?

Accepted Answer

Yes. We operate under licenses from Israel’s Capital Markets Authority and the UK FCA, with strict security, compliance, and KYC standards.

Question 13

What should I know before transferring a large amount abroad?

Accepted Answer

Use a regulated provider, verify fees and rates upfront, and ensure you receive proper documentation. Covercy Pay provides official documents and transparent pricing.

Frequently Asked Questions

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