With the rise of remote work, freelancing, and global trade, receiving international payments securely in Egypt is more important than ever. Many traditional payment methods come with high fees, slow processing times, and security risks. That's why choosing the right international payment solution is essential. In 2023, international remittances to Egypt amounted to $19 billion, and in 2024, they surged to $29.6 billion showing the increasing reliance on cross-border transactions.

In this article, we’ll explore why secure payment methods are important, the best options available in Egypt, and why Grey is the ideal choice for hassle-free global transactions.

Also read: How freelancers in Egypt can withdraw USD payments easily

Why you need a secure way to receive international payments

1. Avoid scams: International transactions can be vulnerable to fraud. Using secure platforms ensures that your payments are protected from unauthorised access and scams.
2. Fast and reliable transactions: Delayed payments can disrupt cash flow, especially for businesses and freelancers who rely on timely payments. A secure payment system ensures quick and reliable transactions.
3. Lower transaction costs: Some payment methods come with hidden fees and unfavourable exchange rates. Choosing a secure and cost-effective option helps maximise your earnings.
4. Regulatory compliance: Egypt has strict financial regulations. Secure international payment platforms comply with legal requirements, ensuring hassle-free transactions.

Also read: Best virtual Mastercards for online payments in Egypt

Ways to receive international payments in Egypt

1. Bank transfers: Traditional banks like CIB and HSBC allow international wire transfers, but they often come with high fees and slow processing times.
2. PayPal: PayPal is a popular option for freelancers and e-commerce businesses, but its high fees and currency conversion rates can be a drawback.
3. Western Union & MoneyGram: These services are useful for receiving cash quickly but may not be ideal for regular transactions due to their fees and in-person pickup requirements.
4. Grey: Grey offers multi-currency accounts in USD, GBP, and EUR, making it easy to receive international payments. With competitive currency exchange rates, you can convert and monitor currencies efficiently. Grey also allows hassle-free withdrawals to local banks

Why Grey is the best choice

• Multi-currency accounts: Receive payments in USD, GBP, and EUR, avoiding high conversion fees.
• Fast processing: Payments are credited quickly, ensuring steady cash flow.
• Competitive exchange rates: Withdraw funds in EGP without losing money on poor exchange rates.
• User-friendly platform: The app and web platform make it easy to manage transactions efficiently.

Steps to set up your Grey account

1.Sign up

To get started with Grey, visit the Grey website or download the app from the App Store or Google Play. Once installed, click on "Sign Up" and enter your basic details, including your full name, email address, and phone number, to create your account.

2.Verify your identity

Next, upload the required documents, such as your passport, national ID, or driver’s license, for identity verification. Grey may also request additional verification, such as a selfie or proof of address, to enhance security. This step ensures your account remains protected and compliant with financial regulations.

3.Create a  foreign account

Once your account is verified, you can request a  US, UK, or EUR account, allowing you to receive international payments directly from clients or employers. Grey provides official account details, including an IBAN, SWIFT code, and account number, making it seamless to accept global transactions.

Also read: How to open US bank accounts in Egypt

4. Share your payment details

Provide your Grey account details to international clients, employers, or payment platforms like Upwork, Fiverr, Payoneer, or Stripe.

5. Withdraw your funds

Log into your Grey dashboard to check your balance. From there, you can convert your USD, GBP, or EUR to Egyptian Pounds (EGP) at competitive exchange rates. Once converted, you can easily withdraw your funds directly to your local bank account or mobile wallet.

Secure international payment with Grey

As international transactions continue to grow, having a secure, fast, and cost-effective way to receive payments in Egypt is essential. Grey offers a seamless solution with multi-currency accounts, competitive exchange rates, and instant withdrawals, ensuring you get paid without hassle. Sign up on Grey today or download the app to start receiving international payments.

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