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SA’s leading payment provider fx paymaster is revolutionising the payment space

If you’ve been following fx paymaster’s journey over the last four years, you’ll be aware of their unwavering commitment to revolutionise the South African payment market.

fx paymaster driving change with new FIXED pricing model

Money transfers should be quick and easy according to fx paymaster and transaction fees and charges should be 100% fair and transparent. That’s fx paymaster’s goal. They’re on a mission to give SME’s an alternative to traditional expensive banks by making it faster, easier and cheaper to transfer funds abroad.

South African exchange controls have made it incredibly difficult for new foreign exchange providers to enter the local market. Banks have capitalised on this for years. The market is changing. Supported by smaller banks, independent payment providers like fx paymaster are taking thousands of customers away from the big banks.

Fixed transparent fx pricing

fx paymaster believe every customer should know upfront exactly what they are being charged to transfer money abroad. When it comes to business payments, they’ve solved this by introducing fixed pricing for business customers, irrespective of the size of the business.

6 Cents for SA businesses

By fixing the spread upfront, fx paymaster guarantees absolute transparency. When you request a price online or over the phone, the pricing mechanism will automatically generate a quote based on your fixed margin of 6 cents from market. On average, this fixed spread is about 65% better than most South African Banks.

On top of this fx paymaster customers only pay R250 per payment to transfer funds abroad. There are no hidden fees or commissions. This flat transfer fee is significantly lower than most banks. According to fx paymaster, their fair and transparent pricing will have a major impact on South African SME’s who don’t have the ability to negotiate better pricing.   

fx paymaster are in it for the long haul

This isn’t temporary or just for large customers, it’s a permanent change to the way fx paymaster do business. They have adopted similar pricing in the UK.

As a business, fx paymaster have embraced technology by investing millions in a sophisticated online payment processing system. It’s a bold investment which is certainly paying off as more and more customers continue to switch to fx paymaster.

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