How to pay a team in Thailand from the US, Canada, the UK or Europe (2026 guide)

Short answer. You add the Thai recipient once, type the amount in dollars or baht, and Storspay delivers baht to their bank account — Bangkok Bank, Kasikornbank (KBank), Siam Commercial Bank — at the mid-market rate for 1% all-in (minimum US$2), usually within minutes. A bank wire for the same payment costs 5–7% once the FX spread is counted and takes three to five days.

Who pays teams in Thailand — and what goes wrong with wires

Businesses in North America, the UK and Europe pay software and design studios (Chiang Mai is a developer hub), tour operators and hotels, auto-parts, electronics and food manufacturers, exporters of rice, rubber and packaged food, medical and wellness providers in Thailand, concentrated in Bangkok, Chiang Mai, Phuket, Pattaya and Khon Kaen. Most of them still do it by international wire: the sending bank charges a fee, a correspondent bank takes a cut in the middle, the receiving bank converts at a rate nobody saw in advance, and the recipient gets a number that does not match the invoice — three to five days later.

Storspay removes the chain. You fund a balance in your own currency, Storspay converts once at the mid-market rate and delivers baht over the domestic interbank rail. The 1% is the only cost and it is shown before you confirm. The recipient receives what the invoice says.

What is different about Thailand

Thailand is a manufacturing and tourism economy with a deep banking system: every supplier, hotel and studio has a Bangkok Bank, KBank, SCB or Krungthai account and domestic transfers land in seconds. Thai recipients are precise about baht amounts — invoices are issued in baht and the accounts team expects the exact figure — and they are tired of inbound wires that arrive a few per cent short after the correspondent bank and the receiving bank's FX desk have taken their cut. Storspay pays the baht figure on the invoice at the mid-market rate, with the 1% on its own line.

How a payment to Thailand works on Storspay

1. Fund your balance in USD (ACH or wire), CAD (Interac e-Transfer or EFT), GBP (UK bank transfer) or EUR (SEPA) — to account details in your own business name. Funding is free.
2. Add the recipient once: their name as it appears on the account, the bank (Bangkok Bank, Kasikornbank (KBank), Siam Commercial Bank, Krungthai, Krungsri, TMBThanachart and the other Bank of Thailand-licensed banks) and the account number. Storspay checks the account name before you confirm.
3. Type the amount in either box. Enter what you want to send and see the baht that land, or type the baht figure on the invoice and see what it costs you. The rate is the mid-market rate; the 1% is on its own line.
4. Confirm. The money goes over the domestic interbank rail and usually lands within minutes — the same business day at most. The recipient gets a notification with the exact amount, and you get a receipt with the invoice reference.

Nobody in Thailand has to sign up, install an app or touch anything other than their own bank account. Everything on the recipient side looks like an ordinary domestic transfer.

What it costs

Storspay charges 1% all-in on payments to Thailand, with a minimum of US$2, at the mid-market rate. That one line covers conversion, settlement and delivery; there is no FX markup, no intermediary-bank charge and nothing deducted on the recipient side.

Rates in this guide are the mid-market rate on the day of writing (1 USD = 33.5341 THB); the calculator on the homepage shows today's. Large payments are split automatically under the local channel cap, under one reference and one fee.

See what your team in Thailand receives →

Questions businesses ask before the first payment to Thailand

Can I pay several people in Thailand at once?

Yes. Run Payroll takes a batch — type each amount, or upload a CSV — and shows one fee line and one total. Each person receives their own transfer and their own notification.

Do I have to pay in US dollars?

No. Fund in USD, CAD, GBP or EUR; Storspay converts once at the mid-market rate from whichever balance you choose and the recipient sees only baht.

What does the recipient see?

A domestic credit from a local bank, a notification from Storspay with the exact amount and your reference, and nothing to sign up for.

Can you pay PromptPay?

Not yet. Storspay pays Thai bank accounts by account number today; PromptPay is on the roadmap. Every PromptPay ID is linked to an ordinary bank account you can pay now.

Will the recipient's bank ask for documents?

For most business payments, no — the money arrives as a domestic baht credit. At or above the equivalent of US$50,000 the recipient's bank completes a Foreign Exchange Transaction Form; your invoice and the Storspay receipt are what they ask for.

Can I pay a Thai hotel or supplier in baht for a quote they gave me in US dollars?

Yes. Type the dollar amount and Storspay shows the baht figure at the mid-market rate; or type the baht figure on their invoice and see the dollars it costs — both boxes are editable.

Who this is for — and who it is not for

Storspay is for businesses and organisations: companies, agencies, schools, hospitals, facilitators, foundations and sole traders paying other businesses and professionals for work, goods and services. A sole trader counts as a business and signs up in their own name.

What Storspay is not is a personal money-transfer service. We do not open personal accounts, and every payment has to be a business transaction: an invoice, a contract, a fee note, work delivered. Money to family and personal transfers are not what this is, and we would rather say so now than at verification.