The Hidden Cost of Bank Transfers
When banks transfer money for small to medium sized companies, they typically add a margin of 2-3% (sometimes more) to the interbank rate. This margin is hidden in the exchange rate, meaning you’re not aware of the true cost of your transaction. On top of this, banks typically charge higher transfer fees.
This lack of transparency makes it difficult to know exactly how much your foreign payments are costing you.
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
The Impact: Your Savings
So, what does this mean for your business? It means both time and money saved. When you choose FX Paymaster, you not only cut the costs associated with international money transfers, but you also save the time and effort that these processes usually require. With FX Paymaster, you’re making a smart choice for efficiency and cost-effectiveness.
Try Our Services Free
Consider this: if we could offer you a faster, easier and more cost-effective method to pay your foreign suppliers, what could possibly make you say no? Embrace the change that brings efficiency and savings to your business with FX Paymaster.explore our platform
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