International payments service
If you are trading internationally, the last thing you want to worry about is your international payments. Yet for many businesses using traditional payment providers, the experience is far from ideal.
Businesses routinely report a number of frustrations.
These include:
- Time taken for payment to be received and funds cleared
- Uncompetitive exchange rates
- Hidden fees
- No ability to track payments
- Lack of communication
- Reconciliation of payments
Our international payments service is specifically designed to help businesses move money overseas more efficiently and quickly.
We offer:
- Fast payments - All our payments are made by same-day international wire transfer, and can be made to any bank account in the world, either yours or a third party such as your supplier.
- Competitive exchange rates - Wholesale exchange rates which can save companies on average £400-£1,000 on a £50,000 trade. Typical savings when buying 50,000 Euros or 100,000 Euros in April 2009 were £934 and £1976 respectively*
Price and cost transparency
What you see is what you get. You can see exactly what the payment is going to cost you before you do it. We charge absolutely nothing extra – there are no commissions or hidden fees.
Payment tracking
You will receive an automated email notification as soon as your payment has been made to the beneficiary, containing all the details you will need for your own records. This can be used to track and trace the progress of a payment.
Real people who will talk to you
We do not operate call centres or queuing systems. If you have a problem or question you can speak to the same person every time, and they will treat you like a human being, not a number.
Electronic audit trail
As soon as you instruct the payment, you will receive an electronic contract note and also an email confirmation of the instruction. This information can be uploaded into your accounting system, which massively cuts down the time taken to reconcile international payments.
*Currency exchange rate comparison was made between our international payment service and a major high street bank on 7 April 2009 at 10.27am, changing pound sterling into Euros using business exchange rates.
For more information call 0845 034 7200 or email.