Transferring money through a bank is slow, expensive and admin intensive. FX Paymaster was formed in 2015 to help people transfer money out of South Africa quickly and easily. Since then we’ve helped thousands of people transfer money all over the world. We offer bank beating rates and charge a flat fee of R 250 to transfer funds abroad.
Personal Service
Transferring money should be quick & easy not slow & painful. Our clients have direct access to our dealing room and can speak to one of our experienced dealers at any point.
Great Forex Rates
We give clients access to a simple currency exchange service where they can buy & transfer currency at the best exchange rates available in the market.
Simply and Convinient
Dealing with banks is frustrating at the best of times. Our experienced team will handle everything for you. Simply email us the documents and we’ll do the rest.
Buying and selling Bitcoin to take advantage of the arbitrage opportunity is perfectly legal providing you comply with South African Exchange Controls. From a regulatory perspective, the South African Reserve Bank (SARB) is aware of the emergence of crypto arbitrage trading and is putting pressure on banks to carry out enhanced due diligence on transfers related to cryptocurrency purchases.
Your Foreign Exchange allowances are not transferrable, and it is strictly prohibited for a resident to directly or indirectly use the allowances of another resident. Unused allowances can also not be rolled over to subsequent years.
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