GBP to USD exchange rate for business
Convert GBP to USD at competitive rates with no hidden spread. Hold, send, and convert money from one platform.
Euro
US Dollar
British Pound
Swiss Franc
UAE Dirham Euro US Dollar British Pound Swiss Franc UAE DirhamRates may differ based on your risk scoring.
We show you the live mid-market rate and our fee separately, so you see exactly what you're paying before every trade.
Four FX pricing tiers. Transparent pricing.
FX pricing starts at 0.90% above the live interbank exchange rate. As your trading volume grows, lower pricing is applied based on your activity over the previous 90 days.
Tier
Starter
Up to €300K
0%
Standard
Growth
€300K – €900K
0.55%
30 days from
qualification
Scale
€900K – €6M
0.60%
30 days from
qualification
Institutional
€6M+
0.81%
30 days from
qualification
Beyond GBP/USD:
a full multi-currency account
Receive, hold, convert and pay in 35 currencies — from one account.
Pay and get paid like a local in key global regions
Send and receive payments around the world in the local currency.
Keep your currencies in one place & convert them in seconds
Make affordable, instant exchanges across 35 currencies 24/7.
Your money safe and protected 24/7
Your money is secured 24/7 through robust anti-fraud measures, secure storage, and safeguarding.
Built for businesses that move money across borders
If your business moves money between GBP and USD regularly, your bank’s hidden markup is costing you thousands. Here’s who saves most with Payset.
Move fast without getting burned on FX. Pay vendors in USD, receive GBP from European clients — from one account.
Consolidate GBP and USD balances across entities. Move capital between subsidiaries without bank markup on every leg.
Invoice in GBP, pay suppliers in USD — or vice versa. Stop absorbing the spread on every trade cycle.
Collect USD revenue from US customers and convert to GBP without double conversion fees.
FX costs are a board-level issue at scale. Get full visibility on conversion rates, fees, and volume.
CFOs, Finance Directors and Controllers get real-time FX visibility, transparent tier pricing, and approval workflows.
Looking for a different currency?
Same tier pricing across all 35 currencies.
What is the GBP/USD exchange rate today?
The current GBP/USD mid-market rate reflects the same interbank benchmark you’d see on Reuters or Bloomberg. Payset adds a transparent fee starting at 0.90% above this rate — no hidden markup. As your FX volume grows and crosses a tier threshold, your rate drops automatically, down to 0.09% at Institutional level, with the discounted rate locked in for 30 days from the moment you qualify. Learn more about Payset FX tier pricing.
What drives the GBP/USD exchange rate?
GBP/USD — known as “Cable” — is one of the most traded currency pairs in the world. The rate is influenced by Bank of England and Federal Reserve policy decisions, UK inflation data, and US employment figures. For UK businesses invoicing US clients, or US companies paying UK suppliers, GBP/USD movements directly affect the cost of every transaction. Payset converts at the live mid-market interbank rate, adding only a transparent fee that reduces automatically as your FX volume grows — no hidden spread, no surprises.
How does Payset's GBP/USD fee compare to my bank?
Most banks clip 2–3% on every GBP/USD conversion, often quoted as “no fees” — invisible on the statement but very real on your P&L. Payset’s base fee is 0.90%, shown transparently before every conversion. As your FX volume grows, your rate drops automatically — down to 0.09% at Institutional level. The difference compounds. Learn more about Payset FX tier pricing and see how much your business could save.
How do Payset's FX tiers work?
Your tier is set by your trailing 90-day FX volume, not a monthly snapshot. This matters: most providers reset your tier at the end of each calendar month, so one slow month sends you back to the highest rate. Payset uses a rolling 90-day window, so normal business fluctuation doesn’t penalise you. The moment your volume crosses a threshold, your discounted rate locks automatically for 30 full days from that date, not until month-end. No application, no negotiation. Tier upgrades apply on the first trade that breaches the next threshold.
What is the difference between mid-market rate and a bank rate?
The mid-market rate is the real exchange rate, the midpoint between global buy and sell prices, the number you see on Reuters or Bloomberg. Banks don’t give you this rate. They quote above or below it and pocket the difference, typically 1.5–3%, with no line item on the statement. Payset always starts from the mid-market interbank rate and adds only a transparent, published spread, visible before every trade, never hidden in the rate itself. Learn more on how Payset’s FX tier pricing works.
Stop paying your bank's hidden FX markup
Payset gives eligible businesses access to institutional GBP/USD rates. Our lowest FX fee is 0.09%. Full transparency before every conversion.