The quickest and easiest way to set up an account with fx paymaster is to register online. We’ve streamlined our account opening process to make it as easy as possible for clients to sign up. Once you have registered online, we’ll setup an account in your name at one of our partner banks. The account is entirely separate from your existing bank accounts, so you don’t have to switch banks in order to use us. It’s worth point out, this account is completely free and there’s no obligation to use it.
Setting up your free business FX account with fx paymaster online.
STEP 1: Register online by completing our short online application form.
STEP 2: Using the details provided we will complete all the paperwork for you.
STEP 3: We use 3rd party verification software to conduct our KYC & Compliance checks.
STEP 4: We’ll send you our dealing mandate to sign, you can email this back to us along with the supporting FICA documents for all the Directors & major shareholders.
Global Payment Account Features
- The account is in your name and is held with one of our banking partners.
- The account is free, there are no setup fees or annoying monthly admin fees.
- There is no obligation to use the account.
- The account is entirely separate from your existing bank accounts, so you don’t have to switch banks to use us.
- The account gives you access to preferential, bank beating exchange rates.
- There are no hidden fees or commission, we charge a flat rate of R 375 to make an international payment.
- When booking a deal, you can either phone one of our friendly dealers or book the rate online yourself.
- You can close the account at any time.
Great Exchange Rates
Our exchange rates are significantly better than local South African banks. On average our clients save between 10 – 15 cents on the exchange rate versus the bank. We regularly check our pricing in the market to ensure that we are consistently more competitive than other foreign exchange providers. If you deal with a bank or another FX provider, feel free to contact us for a price comparison.
Less Admin
When making international payments through a South African Bank, the admin can be a nightmare. The Onward Payment Instruction BOP Forms alone are complicated and confusing, it’s easy to get them wrong. If you hate the extra admin then this is your lucky day. We’ll take care of all the admin around your deals and foreign payments.
Simply email us your invoice and import docs and we’ll prepare all your payments for you and submit everything to the bank on your behalf.
