“There's no one way to catch a fish,” just as there is no one way to receive international payments in the UK.

You simply have to figure out what works best for your needs. And that's exactly what we'll be doing together in this article.

If you're a freelancer, remote worker, or business owner, you most likely need to receive international payments consistently.

It could also be from family or friends. Whatever the case, there's no escaping having to receive international payments in the UK. 

As we go further in this article, we'll explore different ways and then talk about the best one that helps you do this without stress. 

3 options for receiving international payments in the UK

1. High street banks:

You can use high street banks in the UK like HSBC, Barclays, Lloyds, and Satander to receive international payments. 

It's a traditional and secure way to receive your payments. You'll need to provide your SWIFT code and IBAN to the sender, as well as any other required information. 

However, you may be faced with higher rates and fees compared to newer options like fintechs. At the end of the day, it all depends on what you think works best for your needs. Fintechs are also typically faster than traditional banks. 

2. Other payment platforms:

Another option would be other payment platforms like PayPal, Payoneer, MoneyGram, and Western Union, etc. These platforms allow you to receive your international payments without leaving the UK. 

They are more convenient and cost-effective than the typical banks, and many times offer lower fees as well. So whether it's from your customers, clients, employers, or even friends, these platforms are an option. 

3. Multi-currency accounts:

What's better than these two options listed above? A multi-currency account! Not just anyone, but one with a fintech app. 

With this account, you don't have to open multiple accounts in different currencies. You can receive multiple currencies in just one account. The convenience, low rates and fees, as well as the speed, are great. 

OhentPay is a good example of a fintech app that makes your life easier. With its multi-currency account, you can bill your sender in whatever currency you like. 

Helpful tips to keep in mind when choosing a payment platform.

• Be careful when choosing an online platform. With lots of them out there, you could fall into the hands of scammers if you're not careful.
• Even if the platform is not a scam, you want to be sure that it's a reliable one. A lot of platforms out there just answer the name, but when it's time to deliver to customers, they become your worst nightmare. You don't want to deal with this. 
• Check for things like speed, rates, fees, and customer service. If these things are not favourable for you, avoid such a platform. 
• Double-check your details before sharing with your sender. The platform could be great, but if there's a mistake in your details,  there's bound to be problems or even total loss of the money. This is very avoidable with more carefulness. 

Use OhentPay to receive money internationally in the UK

OhentPay is a UK-based fintech that allows you to transact with ease whether you are home or abroad. As someone who lives in the UK, it is the first and best option you should go for if you want smooth international payments.

To start receiving payments internationally in the UK, 

• Download the OhentPay App and sign up:

Head to Play Store or App Store to get this done. Once downloaded, sign up for an account and set it up. You’ll also be required to do an ID verification which helps to add extra security to your account.

Once all these are set, you can proceed to the next step.

• Create a multi-currency account:

With OhentPay, this is straightforward. Navigate to the “Add Money” section on the app and add all the currencies you want.

Go ahead to finish up with the process as the on-screen prompts guide you. You have just created a multi-currency account on OhentPay.

• Supply account details to sender:

Make sure to send the correct account details to the sender. Once they send the money, it lands in your account without hitches.

This is one of the perks of using OhentPay: you don’t have to worry about delayed transactions.

Receiving international payments has never been easier. You no longer have to rely on traditional banks anymore. With the availability of fintech apps like OhentPay, you can receive international payments like a breeze. 

The app interface is also very user-friendly. But that is not all: the speed, convenience, security, and cost-effectiveness are everything you need for smooth international payments in the UK.

Download the OhentPay app now to begin receiving payments in the UK no matter where in the world the sender is.