Opening an
account. Your Step-by-Step Guide
Whether you need to make a single currency transfer or recurring international payments, our simple, secure online platform is guaranteed to make the process faster, easier and cheaper.
How do we fit in?
FX Paymaster is here to make your international money transfers easy. We’re not a bank, but a service dedicated to helping you send and receive money abroad. We work between you and the bank, making sure everything goes smoothly and quickly, saving you time and money.
What is FX Paymaster Online?
FX Paymaster Online is our easy-to-use platform. It lets you buy currency, manage who you pay, and send payment instructions online. It’s connected directly to our bank partner, making the whole process fast and simple.
Key benefits of
choosing FX Paymaster.
- Competitive exchange rates
- Fixed, low transfer fees
- Easy-to-use online platform
- Expert advice and guidance
- Time-saving processes
- Secure and regulated transactions
- No need to switch banks
- Dedicated customer support
Let’s start with the basics.
What makes FX Paymaster different?
Though we have the scale and resources of a large partner, we prioritise personal service. Experience the benefits of both worlds with FX Paymaster – where every client matters and efficient, attentive service is our commitment.
Is FX Paymaster right for your business?
Do you want to save time, effort and money on your foreign payments?
Our services aren’t for everyone. If it’s not in your interest or we don’t think we’re right for your business, we’ll tell you. Small to medium-sized businesses can find dealing with banks for foreign payments time-consuming and costly. That’s where FX Paymaster can help.
Easy to Use
Our platform makes buying currency, managing payments, and uploading documents simple and secure.
Saves Time
We remove the paperwork, we prepare and check everything for you and manage the entire process.
Saves Money
Banks often charge high fees for international transactions. With FX Paymaster, you get better rates and lower transfer fees.
Transparent and Trustworthy
We’re open about all our fees and give you real-time tracking for your transactions. No hidden surprises, just peace of mind.
FX Paymaster makes international payments easy. We save you time, money, and make it simpler for small to medium-sized businesses to work globally.
Is FX Paymaster regulated?
Yes, we are an authorised Financial Services Provider (FSP – 46213) regulated by the Financial Sector Conduct Authority (FSCA) and is an Accountable Institution registered with the Financial Intelligence Centre Act, under reference number AI/151126/00009. We comply fully with the FSCA regulations and South African Reserve bank exchange controls.
Always remember, all transactions are made in your name and we never directly handle your money. We’re here simply to assist and make the process easier for you.
Which bank does FX Paymaster work with?
Since 2015, we’ve been partnered with Capitec Bank, formerly known as Mercantile Bank, as well as Investec Bank. We’ve built a strong bond over the years, proving our reliability and top-notch service in foreign exchange.
We handle international payments for over 800 businesses, big and small, making us one of Capitec Bank’s largest foreign exchange partners.
By working with us, you get the benefits of our strong relationship with the bank, such as smooth transactions, good rates, and great service. We aim to make your foreign exchange dealings as easy, cheap, and quick as possible.
With FX Paymaster, you’re not just picking a service; you’re picking a trusted partner dedicated to helping your business succeed globally.
Always remember, all transactions are made in your name and we never directly handle your money. We’re here simply to assist and make the process easier for you.
Do I need to switch bank in order to use FX Paymaster?
Switching Banks to Use FX Paymaster? Not Necessary!
With FX Paymaster, there’s absolutely no need for you to switch banks. We understand the hassle involved in changing your primary bank, and we’ve designed our services to avoid this entirely.
Instead, we can help you open a new account at Capitec Bank purely for your forex payments. This account will be completely separate from your existing banking arrangements and will be registered in your name.
This way, you can continue your existing banking relationships while enjoying the benefits of FX Paymaster’s pricing and services.
Ready to sign up, let’s go.
It’s time you started getting the Service, Support and
Pricing you deserve.
It’s time you started getting the Service, Support andPricing you deserve.