🇩🇪 Pay Suppliers in Germany
Pay German manufacturers for automotive parts, machinery, chemicals, precision engineering
T+0 (2.3s avg within Unicorn network). Save 75% vs traditional banks.
What you need to send money to Germany
What details do I need to pay suppliers in Germany?
To pay suppliers in Germany you need the recipient's IBAN + BIC (International Bank Account Number), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Germany?
Payments to Germany settle in an average of 2.3 seconds when using local rails such as SEPA Instant Credit Transfer, compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Germany?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 75% versus banks (e.g. £505 vs £2030 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Germany
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 2% | 0.5% |
| Payment Fee | £30 | £5 |
| Total Cost (£100,000) | £2,030 | £505 |
| YOUR SAVINGS | N/A | £1,525 (75%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Germany
Avoid expensive SWIFT fees. We use local payment systems in Germany for faster, cheaper settlement.
SEPA Instant Credit Transfer
Instant EUR payments, 24/7, 10-second settlement max
Target2
ECB real-time gross settlement system for large-value payments
EBA Clearing
Pan-European payment infrastructure for bulk payments
Who Uses This Payment Corridor
Key Industries in Germany
- Automotive
- Machinery
- Chemical Manufacturing
- Engineering
- Pharmaceuticals
Average Transaction: £80k-£350k
Typical Monthly Volume: £400k-£5M
Popular Supplier Types
- Automotive suppliers (Stuttgart, Munich, Wolfsburg)
- Machinery manufacturers (Cologne, Hamburg)
- Chemical producers (Frankfurt, Ludwigshafen)
- Precision engineering (Berlin, Dresden)
What You Need to Know: Germany Payments
Regulatory Considerations
- BaFin (Federal Financial Supervisory Authority) regulations
- VAT (19%) documentation required for B2B transactions
- Strict invoice requirements (must include tax ID, buyer details)
- SEPA compliance for EUR payments
Payment Tips for Germany
- Germany = Manufacturing powerhouse, strict quality standards
- Use SEPA Instant for same-day settlement vs 2-3 day SWIFT
- German suppliers expect precise documentation and timely payment
- Mittelstand (mid-sized) companies dominate supply chains
Why Choose Unicorn for Germany Payments
Local Rails, Not SWIFT
We use SEPA Instant Credit Transfer and other local systems in Germany. Avoid 3-4% SWIFT fees and 2-3 day delays.
75% Lower Costs
Save £1,525 on every £100,000 payment. On £400k-£5M monthly volume, save up to £45,750 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Germany payments.
Real-Time FX Tracking
Upload supplier invoices in EUR. See live P/L as GBP/EUR rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Germany? Save 75%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Germany
For businesses with high annual FX volume. Not consumer transfers.