5 Costly Mistakes SMEs Make When Paying International Suppliers
Hidden FX markups, wrong payment rails, and slow reconciliation are quietly draining your margins. Here's how to fix them.
Seamless, cost-effective, and transparent financial solutions that empower small and medium enterprises to compete on the global stage — without the friction.
Click any highlighted country to see the currencies you can hold and receive. No paperwork, no branch visits — just instant local banking infrastructure.
Expand your business horizons with seamless international transactions — built for companies that move fast and think global.
Open accounts in 14 countries and receive payments like a local — no physical presence needed.
Hold 23+ currencies and convert between 45+ at interbank rates — no markups, no surprises.
Send to over 150 destinations at a fraction of bank fees, often arriving the same day.
We use real interbank rates and charge one transparent fee — so you keep more of what you send.
* Based on published rates for a $10,000 USD → EUR international transfer. Bank figures reflect a 2.5% FX margin + $40 wire fee (industry average). Magna Porta international transfer fee: 0.2%. Payment services provided by Airwallex.
Whatever you trade, wherever you trade — Magna Porta gives you the financial infrastructure to scale.
Receive payouts from Amazon, Shopify, eBay and more. Convert at interbank rates and pay suppliers globally — all from one account.
Pay overseas manufacturers in their local currency. Hold inventory deposits in USD, EUR, CNY, and more — without ever leaving the platform.
Invoice international clients in their local currency. Get paid faster with local account details. Pay your global team without intermediary fees.
Collect subscriptions worldwide. Pay remote contractors instantly. Manage burn across multiple currencies with real-time visibility.
No branch visits. No paperwork. Fully digital from start to finish.
Fully digital onboarding — submit business details and ID without leaving your desk.
Upload KYB & KYC documents securely. Every requirement is itemised — no guessing.
Your relationship manager handles every compliance query while you focus on your business.
Account active, IBAN issued, cards ready. Start trading globally from day one.
Issue virtual and physical Visa Business cards in seconds. Multi-currency, real-time controls, built for global teams.
Create cards in seconds for online purchases, subscriptions, or supplier payments — no waiting.
Set per-card limits, restrict categories, and freeze or cancel any card instantly from the dashboard.
Add to your mobile wallet instantly. Pay contactlessly anywhere in the world with a tap.
Pay in local currency wherever you are. No conversion fees when spending from matching currency balances.
"We saved over $40K in FX fees in the first year. The dashboard is so much cleaner than our old bank — our finance team actually enjoys using it."
"Same-day transfers to our suppliers in three continents. Magna Porta made it possible for us to compete with companies 10× our size."
"The cards are a game-changer. Every team lead has their own card with real-time spend visibility. No more expense report nightmares."
Magna Porta is designed for small and medium enterprises (SMEs) engaged in international trade. Whether you import goods, export services, or pay overseas suppliers and employees, our platform has the tools you need.
Our fully digital onboarding process takes just minutes to complete. Most applications receive a decision within 24 hours. Once approved, you can start sending and receiving money immediately.
We support 23+ currencies to hold (and convert between 45+ currencies) with local account details in 14 countries. International transfers are available to 150+ destinations worldwide.
We use interbank exchange rates — the same rates banks use when trading with each other — with transparent, low conversion fees. There are no hidden markups on our rates.
Payment services are provided by Airwallex, a leading global payments infrastructure provider. By using our platform, you also agree to Airwallex's terms and conditions. This partnership ensures we leverage best-in-class payment rails worldwide.
Account opening is free. Our full fee schedule is available on our website, covering transfer fees, currency conversion, and card fees. We believe in total transparency — no surprises on your statement.
Practical guides and insights for businesses trading internationally.
Hidden FX markups, wrong payment rails, and slow reconciliation are quietly draining your margins. Here's how to fix them.
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Open your Magna Porta account today — free, fast, and fully digital.
No credit card required · Setup takes under 5 minutes