Stop juggling multiple bank accounts and international wires. Covercy Pay lets you consolidate all your supplier payments — with lower fees, clear pricing, and settlement in 1–2 business days.
Regulated financial institution
Shenzhen Global Ltd
China
CNY 85,000
✓ SentIstanbul Trade Co
Turkey
TRY 28,500
✓ SentMumbai Fabrics
India
INR 340,000
Processing…Berlin Machinery GmbH
Germany
EUR 12,400
✓ SentImporters face a tangle of complexity that drains time, money, and resources with every payment cycle.
Managing separate banking relationships for each currency corridor means multiple logins, different processes, and fragmented oversight — with no unified view of your payment activity.
Bank markups on exchange rates, SWIFT charges, correspondent bank fees, and intermediary cuts add up silently — often far more than you expect, hitting your bottom line with every supplier payment.
International wire transfers can take 3–7 business days. Late payments cause disputes, delayed shipments, and damaged supplier relationships — threatening your inventory and your business reputation.
Fluctuating rates mean you never know exactly what you'll pay until the transaction settles. Without the ability to lock in rates, your costs are unpredictable and budgeting becomes guesswork.
Manual reconciliation, reference tracking, and chasing confirmations across multiple banks consumes your finance team's time — time that should be spent growing your business, not managing paperwork.
Covercy Pay was built for businesses that operate across borders. Consolidate your supplier payments, cut costs, and reclaim your team's time.
Manage all your supplier payments from a single platform. Add beneficiaries once and pay them repeatedly with just a few clicks — no more juggling multiple banking portals.
Send in USD, EUR, GBP, AED, THB, HUF, and more. You see the exact rate before you confirm — significantly lower than your bank's FX markup.
One low fee per transfer. No SWIFT charges, no correspondent fees, no surprises. You see the total cost before you commit — every time.
Most transfers settle in 1–2 business days. Keep your suppliers paid on time, your supply chain moving, and your business relationships strong.
Every payment is tracked and documented. Download receipts, export payment reports, and give your finance team the visibility they need — all in one place.
Whether you're a growing importer or an established business, Covercy Pay scales with your supplier payment needs.
Pay fabric and garment suppliers across China, Turkey, Italy, and beyond — in their local currency, on time, every time.
Manage component manufacturer payments across Asia with the precision and speed your supply chain demands.
Pay producers across Europe, South America, and Southeast Asia seamlessly — regardless of currency or region.
Handle complex, high-value supplier payments to multiple destinations from a single, centralized platform.
Batch your supplier payments and execute them all from one dashboard — saving hours of admin every week.
Your bank stacks FX markup, SWIFT charges, and intermediary fees on every transfer. We charge significantly less — and you see the exact cost before you commit.
We show you the exact exchange rate and fee before you confirm — no surprises after the fact, no rate changes between quote and settlement.
A real team ready to help — not a chatbot. We understand business payments and we're here when you need us.
Licensed by Israel's Capital Markets Authority and UK FCA registered. Your funds are held in segregated client accounts.
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