Pay Your International Team in Local Currency
You're a UK company running payroll for people who aren't in the UK: a developer in Portugal, a designer in Canada, two contractors in the Philippines. We convert your pounds and pay each person in their own currency, at a fixed and transparent margin with no payment transfer fees, so the amount they receive is predictable every cycle. We handle the currency and the payment, not the tax side, and you can check a live rate before each run.
- Pay salaries and contractors in local currency
- Consistent, transparent pricing every cycle
- No payment transfer fees
- Fix a rate ahead of a payroll run
- Client funds safeguarded, FCA-authorised payment institution partner

Send, save... & relax.
Transparent pricing, always shown upfront.
Your funds are fully protected with Currencyflow through our FCA-regulated partner, Sciopay Ltd (FCA number 927951), and held in segregated safeguarded accounts with tier-one banks, separate from operational funds.
By Freddie Smith, Founder & CEO, Currencyflow · Updated 12 August 2026
What we do, and what we don’t
International payroll, in the sense we handle it, is the payment part: taking your pounds, converting them at a clear rate, and getting the right net amount into each person's account in their own currency, on time, every cycle. If you employ or contract people abroad, the salary or invoice is often owed in their currency, and paying it through a standard business account tends to mean a per-payment charge plus a margin buried in the rate. Across a whole team, paid every month, that adds up quickly.
Here's the important boundary. We're a currency and payments service, not a payroll bureau, a tax adviser, or an employer of record. We move the money accurately and predictably. What we don't do is calculate how much tax to withhold, decide whether someone counts as an employee or a contractor where they live, or handle the employment and reporting obligations that come with paying people in another country. Those questions vary a lot by jurisdiction and individual, and they're for your accountant, your payroll provider, or a specialist employer-of-record service. Once you know the net amount each person should receive, we make sure it reaches them cleanly, in their currency, without an unpredictable rate eating into it.
Who uses this
This suits UK businesses paying people who live and work elsewhere. A software startup with remote developers in Portugal, Poland, and Brazil, running the same payroll every month in three currencies. A consultancy that took on a country lead in Canada and needs her paid reliably in Canadian dollars. An agency with a roster of freelance contractors across the Philippines, India, and South Africa, settling invoices at the end of each month. A growing company that's opened a small satellite team abroad and wants their pay to land on the same day, at a cost it can forecast.
The common thread is regular, cross-border people-payments where consistency matters. A team member shouldn't get a different amount because the rate wandered, and you shouldn't be re-checking the true cost after every run. The wider situation, hiring across borders and getting the employment side right rather than just the paying, is covered in our guide to hiring and paying international employees or contractors. If you're weighing up an overseas hire and want to understand the currency side before you commit, our currency risk management page covers how to keep those recurring costs predictable. It sits with the rest of our business FX pages on the hub.
How a payroll run works
You work out the net amounts
You (or your payroll provider or accountant) decide what each person should receive after whatever tax and deductions apply where they are. We don't calculate that part.Send us the payment list
Tell us who's being paid, how much, and in which currency. We quote a fixed margin on the rate for the run, with no payment transfer fees.Verify your business once
Your account manager sets you up with the standard KYC, AML, and source of funds checks. It's a one-time setup, and later runs are quick to repeat.Fund the run
Send your pounds to your safeguarded Currencyflow account by UK bank transfer, and we confirm receipt.We pay your team
We convert at the agreed rate and pay each person in their local currency. Euro payments over SEPA are usually same or next working day; other currencies depend on the destination network and cut-off times.
What to plan around
Tax, withholding, and employment status aren't ours to answer. How much to deduct, whether someone is legally your employee or a self-employed contractor where they live, what you're obliged to report, and what you may owe in their country all depend on the jurisdiction and the person. We won't state a rate or a rule here, because getting it wrong is costly and the right answer genuinely varies. Take that to your accountant, your payroll provider, or an employer-of-record service before you set someone up. If you want to understand the money-movement side of a specific route, our corridor guides, like sending money from the UK to Portugal or the UK to Canada, cover how payments actually reach an account in that country.
Payroll lives and dies by timing. People expect to be paid on a set day, and payments settle on value dates with a daily cut-off per currency. A public holiday in the recipient's country, or a run funded after the cut-off, can push pay to the next working day. Building a small buffer into when you fund each run keeps pay dates reliable.
Predictability is the whole point. A wandering rate means the pound cost of your payroll moves month to month even when nobody's pay has changed. For a large or important run, a forward contract lets you fix a rate ahead of time, so you know the pound cost of that run in advance and can budget against it. Because payroll dates are usually fixed, a forward contract tends to fit better than waiting on the market, though if you've got a less date-bound payment a target-rate order can capture a specific rate when it appears.
Contractors and employees are paid the same way by us, even if you treat them differently. From a payments point of view, an invoice from a freelancer and a net salary to an employee are both just a payment in a currency. The difference sits in your tax and employment treatment of them, which, again, is a question for your adviser, not for us.
Why choose Currencyflow over your bank
| Feature | Currencyflow | Business Banking |
|---|---|---|
| Exchange rate | Fixed, transparent, competitive | Often wider and less transparent |
| Transfer fees | No payment transfer fees | Often charged per transfer |
| Support | Dedicated account manager | Business banking call centre |
| Rate certainty | Forward contracts for upcoming runs | Rarely offered |
| Setup | Quick, no ongoing account fees | Can involve lengthy onboarding |
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Frequently asked questions

Written by
Freddie SmithFounder & CEO, Currencyflow
Freddie Smith is the Founder and CEO of Currencyflow, an international foreign exchange and payments specialist focused on high-value transfers for individuals and businesses worldwide. With over 12 years of commercial experience across financial services and digital media, including several years working with financial services comparison platforms, Freddie has spent his career at the intersection of partnerships, growth strategy, and money movement. He founded Currencyflow to bring transparent, fixed-margin pricing and personal relationship management to clients making significant international transfers.
Last updated 12 August 2026