Overseas Stock Payments for UK Watch Dealers
How UK watch dealers pay overseas suppliers in EUR, CHF and USD: the quote, documents you may need, and who sends the payment.
Globe FX team · · 5 min read
In short
- Match the currency on the invoice: euros, Swiss francs or US dollars are the usual three.
- Confirm a new supplier's account details by phone before the first payment.
- Globe FX looks after the quote. GC Partners, which is FCA-authorised, sends the money.
In this guide
Paying an overseas supplier for stock is a normal week for a UK dealer. The invoice is rarely in pounds. This guide covers the payment itself: the quote, the documents, and who sends the money. It does not cover where to buy.
The currency on the invoice
Most stock invoices are in one of three currencies:
- EUR for suppliers in the eurozone. Follow the rate on the GBP to EUR page.
- CHF for Swiss invoices. The franc can move quickly. The practical notes are in paying Swiss watch dealers, and the rate is on the GBP to CHF page.
- USD for dollar invoices. Follow the rate on the GBP to USD page.
Tell your specialist the currency on the invoice, not a converted figure. Paying in the invoiced currency avoids a second conversion.
How a quote works
Message the amount, the currency and when the supplier needs the funds. Your specialist confirms a rate you can deal on before you commit. Rates on this website are indicative mid-market rates, not that quote. The dealable rate comes from GC Partners.
Documents you may need
This article is general information, not financial, legal or tax advice. Exchange rate examples are illustrative. Speak to a qualified professional about your own situation.
