The best way to send money out of South Africa is to do it online, after all its quicker, easier and cheaper than doing it through a bank.
Consumers expect a hassle-free, seamless experience, but are South African banks currently achieving this? The simple answer is no, they’re not. Transferring money through a bank is slow and expensive. Most South African banks take 4 to 5 days to process an international payment and charge up to R 1,500 to send money overseas. The process is filled with complication and hidden costs.
Transfer money online with FX Paymaster
Our clients often tell us that, FX Paymaster online has completely changed their view on foreign exchange payments and that’s down to systems! Our online payment platform was designed to support business clients needs, streamline processes, cut costs and remove the friction caused by banks.
Save time and money on your foreign exchange payments
Instant, seamless, and secure payment experiences are defining the payment model of the future and SA payment businesses need to adapt to meet current consumers expectations.
FX Paymaster is leading the way in South African Fintech circles thanks to an early investment in digital payment technology. Our proprietary payment tech allows businesses to send money out of South Africa with fewer delays and lower costs.
Businesses can now make same day international payments
Payment processes are evolving quickly thanks to companies like FX Paymaster! Most of what we’re doing is modernising the international payment space in South Africa. Our ability to process international payments cheaper and faster than traditional banks gives us a major edge in the South African market.
Our high-speed Same Day international payment option on USD, EUR & GBP is perfect for SME’s who can’t afford to wait the several days that banks take to process foreign payments.
Technology allows us to send money overseas faster, cheaper and easier than ever before. We are directly integrated with most major banks; this allows our customers to make international payments with absolute confidence.
There are huge advantages of being able to plug our tech directly into a bank. For starters, the plumbing all exists! We use the same SWIFT channels as all banks to transfer money. The difference is, we use sophisticated APIs to improve the way we integrate, and this creates a more seamless payment experience. Not only can we move money offshore seamlessly and securely, we can do it faster and cheaper too.
