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.

account for business payments Our story
International Business Payments with FX Paymaster

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 Capitec bank 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 do over 800 South African businesses choose FX Paymaster

Every month, hundreds of businesses in South Africa choose FX Paymaster for their international payments. Why? Because we offer a simple solution for handling money transfers across borders. Our competitive rates and easy-to-use online platform make sending money abroad a breeze. And with our dedicated team guiding you through the process, you can be sure that your business is getting the best value for its transactions.

how to Open an account

What we offer

  • Online Dealing: A faster, easier way to buy currency and pay your foreign suppliers.
  • Highly competitive exchange rates.
  • Lower international transfer fees.
  • Same-day payments in many currencies.
  • Direct dealing desk access.
  • Excellent customer service.
  • Expert advice, guidance & support.
  • Access to live exchange rates via our cutting edge payment platform.
  • Assistance with SARB applications.
  • FECs, Market orders and more.
FX Paymaster Pricing and Fees

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 Capitec Bank, 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.

explore how it works

A far better way to send money abroad.

It’s time you started getting the Service, Support and Pricing you deserve. 

Our target market send up to R20M / yr.

A Secure Bank Account in Your Name

View Live Exchange Rates Online

Fast Payment Processing

Fast, Easy Online Dealing

Simple Document Management Online

Exchange Rate Monitoring Service

Tailored Advice & Guidance

Direct Dealing Desk Access

Dial in Market Orders (Limit/Stop Loss)

Assistance with SARB Applications

Help Preparing International Payments

Document & Payment Checking Service 

Regular Payment Status Updates

Transparent Pricing / No Hidden Fees

Average Transfer Fee / Payment

Avg. Margin Added to the FX Rate

Typical Bank

✔️

✔️

➖

➖

➖

➖

➖

Client Dependent

➖

➖

➖

➖

➖

➖

R600 – 1,200

2 – 3%

FX Paymaster

✔️

✔️

✔️

✔️

✔️

✔️

✔️

✔️

✔️

✔️

✔️

✔️

✔️

✔️

R250

0.5%

Open an account

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 of only 0.5%. Plus, there’s a fixed 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.

Learn about the fees

How it works, it's very simple

Transfer money online in 3 easy steps

Ready to try us. Sign up in minutes.

Opening a business account is quick and easy. You don’t even have to switch banks.