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.
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.
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
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.
How it works, it's very simple
Transfer money online in 3 easy steps
Open an account online. It's simple, fast and free.
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, upload your docs, go relax !
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.