Import & Export Payment Solutions
Pay overseas suppliers and receive from foreign buyers — at interbank rates, on your schedule.
Import & export payments, done properly.
For importers and exporters, the exchange rate is part of your margin. We price your trade payments off the interbank rate with no commission, wire them worldwide the same business day, and help you time conversions so a moving currency doesn't eat your profit.
What you get
Better than bank FX
Interbank pricing with no commission — typically 1.5–2% more than a bank on every conversion.
Pay in their currency
USD, EUR, GBP, CNY, AED and 15+ currencies, so suppliers aren't converting at their bank's rate.
Rate locks for planning
Lock a rate while you confirm an order, so you know your landed cost before you commit.
Receive foreign payments
Convert USD or other currencies your customers pay you into CAD at a better rate.
How it works
- 01Open a corporate account with us once
- 02Send the invoice or pro-forma and the amount
- 03We quote and lock the rate; you pay us by wire, EFT or cheque
- 04We wire the supplier and send you confirmation with the reference
Built for businesses that move money abroad.
- Importers buying from China, the US, Europe and Asia
- Exporters receiving USD or EUR
- Wholesalers and distributors
- E-commerce sellers paying manufacturers
What we need to open your account
- Articles or certificate of incorporation and your business number
- Government photo ID for each director or authorized signing officer
- The names of beneficial owners holding 25% or more, as FINTRAC requires
- A short description of your business and the payments you expect to make
You provide these once. As a FINTRAC-registered Money Service Business we're required to verify every corporate client before the first transaction.
More for business
All business services →- FX concierge A dedicated dealer who knows your business, your currencies and your deadlines. Learn more →
- Supplier invoice payments Pay supplier invoices anywhere: international wire (TT) or Alipay for suppliers in China. Learn more →
- Corporate cheque cashing Turn business cheques into cash or a transfer — without waiting on a bank hold. Learn more →
- Corporate cash management Bulk foreign cash, scheduled currency orders and large exchanges — counted, documented and ready when you need them. Learn more →
Questions
How fast are supplier payments sent?
Payments booked before the afternoon cut-off are usually sent the same business day, and most arrive within one to two business days depending on the country.
Can I pay a supplier in their own currency?
Yes. We pay in USD, EUR, GBP, CNY, AED and the other currencies on our board, and quote less common currencies on request.
Do you charge a commission on business payments?
No. Our price is in the exchange rate itself, quoted off the interbank rate, and you see it before you commit.
Is Diplomat Exchange licensed?
Yes. Diplomat Exchange Inc. is registered with FINTRAC as a Money Service Business under MSB number M23907027, and follows Canadian record-keeping and reporting requirements on every transaction.