Sign up for faster, easier international payments.
We’ve partnered with one of South Africa’s leading commercial banks to make international payments faster, easier and more cost effective than ever.
Why not just transfer directly through the bank?
The answer is simple: our solution is faster, easier, and more cost-effective.
Speed: When you go through a bank, it can take days to secure the rate and complete your payment. With us, the process is much quicker.
Fees: Banks usually charge steep fees for international transfers. Our partnership with our banking partners allows us to offer better exchange rates & lower fees. Explore Fees >>
Convenience: We offer a simple digital service, so you don’t need to call a bank or fill out any complicated paperwork. Simply create an account and do everything online.
Why not just transfer directly through the bank?
One of the biggest pain points for South African SMEs making international payments is the high cost associated with traditional banking methods. Banks often apply a hefty markup to the exchange rate and impose various additional fees, which can drastically inflate the cost of your foreign payments. See how our relationship with our banking partners and investment in technology enables us to substantially reduce international payment costs for SA businesses.
Our Service, Your Advantage: No Additional Costs
When people hear the term “Broker,” they often assume there are added expenses involved. However, that’s not the case with FX Paymaster. We’ve partnered with our banking partners, and they compensate us directly for the services we provide.
Our comprehensive, end-to-end service covers everything from helping clients open accounts and booking currency deals to preparing and reviewing payments, ensuring all necessary documents are accurate and in order. These tasks are usually time-consuming, but we take care of them on behalf of both you and the bank.
The bank recognises the volume of business we bring and the value our services add. We have a pre-negotiated margin which we split with them on all transactions we do. This allows you to enjoy the benefits of our expert services without any additional costs to you.
A far better way to send money abroad.
It’s time you started getting the Service, Support and Pricing you deserve.
How much does it cost to send money abroad?
When you send money abroad through banks, they often tack on an extra 2-3% to the exchange rate, and their transfer fees can range from R600 to R1,200. Here’s where we’re different: We charge a simple fixed fee typically under 0.65%, depending on volume. There’s also the bank’s fixed SWIFT transfer fee of R250 or R500, depending on whether you prefer to split the charges or cover them upfront. This way, you save on unnecessary costs and get a fair deal on your international transfers.
How it works, it's very simple
Transfer money online in 3 easy steps
Open an account
online. It's simple
and fast.
When you register online, we’ll open a free Bank Account in your name at our partner bank.
Use our smart
platform to secure a
great rate.
Login, select the currency and amount you would like to transfer, and secure a great exchange rate. To pay, you’ll need to make a bank transfer to your new account.
Tell us who you want to pay and upload your docs.
Fill in the details for the company or person you would like to pay, upload your supporting docs and we'll take care of the rest.
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.