We get it! The good news is you don’t have to! Through our innovative technology, the process so easy you can now transfer money around the world without having to switch banks or incur any additional costs.

Businesses – large or small – making regular business currency transfers can now open a free currency account online and start making payments in GBP, EUR, USD, AUD, NZD & CAD within 24hrs. 

That’s right, you don’t have to switch banks to reduce your foreign exchange payment costs. If you bank with FNB, Standard Bank, ABSA or Nedbank and you don’t want the hassle and delay to move banks – you don’t have to. Keep your existing banking facilities as they are and we’ll open a new free bank account for you at Mercantile Bank. And you don’t have to pay banking fees!

There are no monthly fees or complicated forms – just a quick 10-minute online registration. Once you’re up and running, we’ll give you access to our new online system where you can transfer money abroad in one easy to use, secure place.

We’re helping businesses save time and money with no hidden fees

Transferring money our of South Africa through one of the traditional banks in South Africa is always going to be more expensive, you cannot change that fact. However we have a way that you can still have the financial freedom to do business overseas and keep the comfort of your preferred bank.

Most of these banks have fancy head offices, big branch networks and employ thousands of people. Its an expensive business to run when you have big overheads. For consumer’s, this usually means wider margins and higher fees. That’s how banks make money. Fees, fees, fees. Account fees, application fees, transfer fees, commission. Big banks make big money. 

If your business makes or receives foreign payments then why not switch to a provider who can simplify your foreign payments, put your interests first and save you time and money.

What are the benefits of using FX Paymaster?

• We’re making it easier, faster and cheaper to transfer money around the world.

• Opening an account is quick, easy and free.

• Business clients benefit from our great fixed exchange rates & low transfer fees when making transfers through the platform and there are no monthly account charges.

• There are no hidden fees to send international payments or receive funds from overseas.

• Businesses can manage and make foreign payments quickly & easily online.

• Our online system radically reduces the time and admin wasted on foreign payments.

• Business clients have access to our daily market reports allowing them to make better currency buying decisions.

Our business customers enjoy a fixed margin of 0.5% and only pay R 250 to transfer funds abroad. That’s better than all the big banks! Our investment in technology makes this possible.

Don’t take our word for it, try our currency converter for yourself and see the saving.