Do I need a local bank account to use global collection services?

No, MTFX eliminates the need for Canadian businesses to open and maintain foreign bank accounts. With MTFX’s global collection accounts, businesses can receive payments from clients worldwide in local currencies and convert them seamlessly at competitive exchange rates.

How can global collections improve cash flow for Canadian businesses?

Global collections improve cash flow by enabling faster payment receipt and reducing currency conversion delays. MTFX provides Canadian businesses with local currency collection accounts, ensuring timely payments and better control over international revenue.

What are the costs associated with global collections through MTFX?

MTFX offers competitive pricing for global collection services with no hidden fees. By leveraging local collection accounts and reducing foreign exchange costs, MTFX helps Canadian businesses save money on international payment processing.

Can MTFX help businesses manage recurring international payments?

Yes, MTFX provides automated solutions for managing recurring international payments. This is ideal for Canadian businesses that need to collect regular payments from international clients, ensuring timely and efficient fund transfers.

Are there any hidden fees on cross-border collections?

No. MTFX prides itself on transparent pricing with no hidden charges.

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FINTRAC Regulated

Trusted Since 1996

Same-Day Wires

Streamline Your International Receivables

Name: MTFX Group
Address: 18 Wynford Drive, Unit 401, North York, ON, M3C 3S2, CA
Telephone: +1-800-832-5104
Price range: $$

Expand your business internationally with MTFX. Easily manage payments in multiple currencies from a single platform. Operate in global markets as if they were local, with seamless control over all your currencies in one place.

Get paid by 100+ marketplaces
Get paid by cross-border B2B customers
One dashboard for sending and receiving payments

Open a business account

Book a demo

MTFX Live Rate Calculator

Conversion rate

CAD/

/CAD

Total amount

10,000.00 CAD

We use mid-market rates. This is for informational purposes only. Log in to view send rates.

Worldwide Coverage: 190+ countries 50+ currencies
Bank-Beating Exchange Rates: Save up to 4% on transfers
Personalized Support: Get expert guidance
Regulated & Compliant: FINTRAC-regulated service

THE MTFX ADVANTAGE

Why choose MTFX for your global collections?

Competitive exchange rates

Access bank-beating exchange rates to maximize your international receivables and reduce costs.

Low fees with transparent pricing

Enjoy minimal transfer fees with no hidden charges, ensuring predictable and transparent costs for your business.

Fast and reliable transactions

Most collections are completed within 24-48 hours, providing timely access to your funds.

Global reach

Receive payments in over 50 currencies from more than 190 countries, expanding your business's international footprint.

THE MTFX ADVANTAGE

Why choose MTFX for your global collections?

What could you save using MTFX vs the bank?

The comparison is based on publicly available information. Rates may vary based on the amount. Please verify independently.

Start getting paid globally in just a few steps

Simple, secure and stress-free receiving account for businesses.

1
Sign up for a business account
Create a business multi-currency account in your own name in just a few minutes.
2
Add required currencies to your account
Choose from 50+ currencies to receive payments effortlessly in your multi-currency account.
3
Send payment requests
Use our advanced, user-friendly platform to generate invoices for your clients.
4
Start receiving funds right away
Receive payments in your preferred currency and move between different currencies.

Get started

Streamline global collections in one platform

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Streamline global collections in one platform

Effortless global collections

Receive payments from international clients with ease.

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Fast and cost-effective

Streamline cross-border transactions without high fees.

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One platform, total control

Manage international receivables efficiently in one place.

Learn more

Get paid globally with seamless marketplace solutions

Sell globally, get paid easily

Accept international payments from 90+ marketplaces.

Reduced transaction costs

Get competitive exchange rates and low transfer fees.

Fast, secure transactions

Ensure smooth and reliable receivables for your business.

Learn more

Get paid globally with seamless marketplace solutions

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Manage multiple currencies in one account

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Manage multiple currencies in one account

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Hold multiple currencies

Receive payments in 50+ currencies without forced conversions.

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Reduce exchange costs

Minimize transaction fees and maximize your earnings.

Stay in control

Manage global receivables effortlessly from one platform.

Learn more

Global coverage for your global business

Receive payments from 190+ countries

Seamlessly receive money from a vast international network.

Receive in 50+ currencies

Receive in 50+ currencies, including USD, CAD, EUR & JPY.

Global network of banking partners

Leverage strong partnerships for faster, more reliable transactions.

Round-the-clock access

Manage payments anytime, anywhere with an online platform.

Create an account

Global coverage for your global business

Beyond the top currencies—receive payments in Canada from over 190 countries in 50+ currencies seamlessly.

Improve cash flow with faster global payments

Improve cash flow with faster global payments

Quick payments for improved cash flow

Speed up transactions and keep your cash flow steady. Get paid quickly, reduce delays and maintain seamless operations.

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Get paid in 50+ currencies

Receive payments in 50+ currencies with ease. Offer your clients local payment options while reducing conversion costs.

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Manage all payments with a single account

Simplify your global transactions with one multi-currency account. Track, send and receive payments effortlessly.

Get paid faster from anywhere in the world

Receive funds from over 190 countries in 50+ currencies with just a few clicks.

Reach across borders, accept local payments

Collect global payments effortlessly from marketplaces, overseas buyers and payment processors using local bank details—making transactions seamless and cost-effective.