Banks are average, we’re awesome!
4 years ago, we set out to transform the South African payment space by bringing innovation and transparency to the market. We got tired of banks overcharging clients just to transfer funds abroad. Seeing a gap in the market for a modern, streamlined money transfer solution, we established fx paymaster – a great alternative to banks.
Today, thousands of clients use us to transfer funds abroad and pay foreign suppliers, making us one of the biggest independent payment providers in the country. Yay!
fx paymaster is an Authorised FSP: 46213.see how we compare to banks
New – We’ve introduced “fixed” pricing for business payments
That’s right ! We believe everyone should know exactly what they are paying to transfer funds. At fx paymaster, there are no hidden fees or surprises ! Our dealing margin is capped at 6 cents from market and we charge a flat fee of R 250 per payment to transfer your funds abroad. That’s better than all of the big banks.
100 % Safe & Secure – How it works
Amazingly, we’re not asking you to switch banks in order to take advantage of our rates.
We’ll open a new account in your name at our partner Bank.
The account is completely free and there’s no obligation to use it.
If you’re not 100% satisfied with our rates or service, you can close the account at any time.
When transferring money, you will always fund your own account, we will never handle your funds directly.
fx paymaster is regulated by the FSCA and is an Authorised Financial Services Provider (FSP): FSP 46213