Supplier Payment Fee Comparator
A NGN 500,000 payment to a supplier in Guangzhou can lose 4 to 8 percent to fees before it ever reaches them, split between the sending bank, the correspondent bank, and the exchange rate markup. Most traders never see that breakdown, they just see less money arrive than they expected.
Use the free Supplier Payment Fee Comparator below to see exactly what bank wire, Wise, Payoneer, Alibaba online payment, and mobile money will actually cost on your specific payment, and how much your supplier receives after fees
Compare Supplier Payment Fees
See what it actually costs to pay an overseas supplier by bank wire, Wise, Payoneer, Alibaba online payment, or mobile money, and how much your supplier receives after fees.
What This Covers
- Side-by-side fee comparison across five payment methods, ranked cheapest to most expensive
- Live exchange rates for 14 currencies including NGN, KES, GHS, ZAR, TZS, UGX, JMD, TTD, BBD, GYD, and XCD
- Alibaba.com online payment fees shown automatically when your supplier is in China
- Mobile money corridor fees shown automatically for intra-Africa or intra-CARICOM payments
- Exact amount your supplier receives in their local currency after fees, not just the fee total
Pair this with the free Import Duty Calculator at MetricSuite.tools to see your full landed cost, payment fees included, before you commit to an order. (Link: https://metricsuite.tools/import-duty-calculator-africa/)
FAQs
What is the cheapest way to pay an overseas supplier?
It depends on the amount and corridor. Wise is usually cheapest for smaller payments in supported currency pairs because it uses the mid-market exchange rate. For larger payments, a bank wire’s flat fees matter less and the comparison gets closer, run your own numbers above.
Why does a bank wire cost more than Wise or Payoneer?
Bank wires typically combine a flat sending fee, a 2 to 4 percent exchange rate markup, and one or two correspondent bank charges along the SWIFT network. Wise and Payoneer avoid most correspondent bank fees by using their own currency networks.
Can I pay my Alibaba supplier with mobile money?
No, not directly. Mobile money works for supplier payments within Africa or within CARICOM, but Chinese suppliers are not on M-Pesa or MTN MoMo networks. Use Alibaba’s online payment, a bank wire, Wise, or Payoneer instead.
Are these fees exact?
No, they are estimates based on typical published provider rates. Actual fees depend on your specific bank, the payment corridor, and the amount sent. Always confirm the final cost with your provider before sending.