Paying Bills & Invoices Overseas

By August 7, 2020 February 25th, 2021 uLink Blog
Millennial Latinx man paying for his bills and invoices overseas

When it comes to paying bills and invoices overseas, you have a lot of options. 

Unfortunately, fluctuating currencies and exchange rates can be confusing.

Worst of all, it can get really expensive, especially with larger bills and invoices.

The good news is, uLink provides a great new way to take care of your most important financial matters. Before we introduce you to this easy (and affordable) option, we’ll show you what the rest of the market offers so that you can make the most informed decision.

Here’s everything you need to know about options for paying bills and invoices overseas:

Option 1: Use Your Local Bank

At first, this might seem to be the best option. 

Why not use your local bank to pay an international invoice? It’s already set up and good to go. You may have even received emails or advertisements from your bank explaining the ease of this feature. 

There’s a reason for that. Your bank really wants you to pay bills overseas. 


Most banks will charge a costly premium on bills and invoices paid abroad. It’s highly unlikely you’ll get a fixed rate, so the more money you send abroad, the more you’ll be paying in fees.

That begs the question: why not open a foreign bank account to pay bills abroad?

Option 2: Open an International Bank Account

This might seem to be the next best option, especially if you already have a bank account in your home country (or wherever you need to pay bills).

Perhaps you’ve considered opening a new account to avoid fees and exchange rates when you pay bills abroad.

It may seem like a good idea, but it will cost you more than you think in both time and money. 

Here are a few things to keep in mind:

  • Monthly account fees will keep adding up (along with up-front costs if you’re opening    
    a new account)
  • International transaction fees will be added to every paid bill or invoice 
  • You’ll likely have to maintain a minimum balance to keep the account open

Most importantly, unless you’re a resident of the country, you might not even be able to open an account in the first place. 

Option 3: Pay by Credit Card

So banks may not be the ideal option for paying international bills.

What about using your credit card? It works pretty well for everything else, right?

As it turns out, your credit card also has additional costs and fees. 

Here are a couple of issues to consider before you get started:

  • Confirm that the international bill or invoice will actually accept your credit card
  • Confirm that these payments (and your financial information) will be 100% secure 
  • Confirm the exact percentage you’ll be charged by the credit card company
  • Clarify if the service fee is on a sliding scale depending on the total transaction amount

In most cases (and as with banks), the bigger the payment, the larger the fee. 

Option 4: PayPal

We don’t blame you: PayPal has a lot of great features, and it’s certainly a great way to pay and get paid domestically.

But as for paying bills and invoices overseas? That’s a slightly different story. 

PayPal uses wholesale exchange rates that frequently fluctuate (depending on the state of the market). In fact, PayPal’s transaction fee has actually risen in recent years, now amounting to 5% of the total send amount. 

Plus, if you pay by PayPal credit, you’ll get hit with an additional funding fee totaling 2.9% of the transaction amount. 

PayPal’s convenience is ultimately undermined by its cost. 

Option 5: uLink Bill Pay

By now, you’re probably thinking: “there has to be a better option! 

Thankfully, there is. 

With uLink, you have access to the best of both worlds: convenience and low-cost. 

While other payment remittance services have fluctuating fees, hidden costs, and a host of unknowns, uLink provides the most reliable solution on the market. 

How it Works

Here’s how fast our Bill Pay service works (and how little it costs):

  1. Sign up or login to your uLink account
  2. Enter beneficiary details
  3. Enter reference number to check balance/enter amount due
  4. Enter payment details & confirm transaction

It’s that simple. 

As for cost, you’ll always pay just a small fee of $2.99, no matter how much you send. 

Bills are quickly paid within 2 business days, so you’ll never have to worry when payments are processed. 

Have confidence when you take care of your family’s electricity, gas, cable, phone bills and more. 

Ready to get started? Click below to pay bills now!  

Let’s Go!

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