Thousands of South African importers all over the country are paying foreign suppliers and without realising it, leaving millions on the table, which banks are scooping up.

The main problem is consumer awareness. At fx paymaster, we’re on a mission to bring fair and transparent pricing to the market. We knew when we started this journey, (many years ago) that we would first need to help customers understand what fair pricing looks like.    

How to compare bank rates

It’s no secret, Banks add a hefty mark-up to the exchange rate and it’s not always explained how this mark-up is calculated. That’s why we built our handy currency convertor to display actual dealing prices and expose the potential savings available when transferring funds abroad.  

If your business transfers money overseas, fx paymaster can help save you money by giving you access to great fixed exchange rates, and low transfer fees. fx paymaster uses a smart new system that allows people to make & receive international payments online without incurring the high fees charged by most banks.

While the opportunity for businesses to save money on international payments is obvious, it’s important for companies to feel comfortable too. Faster, easier payments are all good and well, but trust is major factor when choosing a new provider.

That’s why we take extra steps to ensure our customers funds are always protected. Our clients deal directly with our banking partner, we never handle their funds directly.  fx paymaster is an authorised Financial Services Provider: FSP 46213, for more details check out our Regulatory Info.