FX Paymaster Referral Program!
Looking for a side hustle to Boost your Earnings?
Introduce our online payment platform & super competitive rates to your connections and earn ongoing commission. Limits and timeframes do apply.
Refer & Earn: Recommend clients & get paid for up to 3 years!
Sign up today, start earning money quickly.
Most South African SMEs face significant challenges when transferring money directly through a bank. These challenges include unfavourable exchange rates, high transfer fees, time-consuming processes and limited support.
By recommending FX Paymaster, you can help these businesses overcome these hurdles, save money and streamline their international transactions.
Earn money by recommending a better way to transfer money internationally.
Do you have relationships with South African businesses that make international transfers? For example, companies that import, export or deal with international companies. If so, you’re in the perfect position to benefit from our lucrative Referral Program! We already assist over 800 businesses in saving money on international payments, and we want you to help us grow even more!
Referring clients is a win-win situation.
We have a clear pricing structure for all business payments and are completely transparent about it. When you refer someone, they save money by getting a better exchange rate and lower transfer fee and because our profit (which we share with you) is included in the exchange rate – it doesn’t cost them extra to use us. If your client gets a better deal with us, they save money and you earn commission – it’s a total win-win.
Benefits, for your clients
- Fixed Dealing Margin: A consistent, low margin of just 0.5%, regardless of the transaction amount.
- Low Transfer Fee: A flat fee of only R250 for all payments, making transfers cost-effective.
- User-Friendly Platform: Access to our intuitive online platform for hassle-free transactions.
- Trade Support: Our experienced dealers are ready to provide support, guidance and advice as needed.
- Payment Support: Our dedicated payments team prepare & check all documentation to ensure there are no delays.
- Efficiency: Fast and efficient money transfers to destinations worldwide.
- Useful Tools: Access to free tools and charts to aid in decision-making and planning.
Let’s talk about the
potential savings. for clients.
FX Paymaster offers a highly competitive pricing structure compared to most banks in South Africa. While traditional banks may add a substantial margin of 2-3% or more to the exchange rate and charge between R600 to R1500 per payment in transfer fees, FX Paymaster charges a fixed margin of just 0.5% and a flat transfer fee of R250.
In the example below, we use an exchange rate of R15.00 to the USD, this is purely for illustrative purposes since the rate moves continuously – the potential savings would be the same regardless of the exchange rate at the time.
The potential savings on a $ 50,000 payment:
Current
USD/ZAR
Market Rate
Margin Added
Exchange
Rate Offered
ZAR Amount
Transfer Fees
Total Cost
FX Paymaster
15,00
0,5% or
7,5 cents
15,075
R753 750
R250
R754 000
Typical Bank
15,00
Up to 2%
or 30 cents
15.30
R765 000
Up to R1,000
R766 000
How much can you earn with FX Paymaster?
Suppose you refer a client who transfers $100,000, and your commission rate is 35%. In this case, your earnings for that single payment would be approximately R3,200. Keep in mind, your earning potential increases substantially when you refer multiple clients or when your referred clients make regular payments (monthly) or transfer larger amounts.
How the referral
program works.
At FX Paymaster, we’ve revamped our referral program to offer even more exciting opportunities for you to earn. When you refer a client to us, your commission structure will now be tiered, ensuring you receive rewards that match your efforts and commitment. Our tiered structure ensures that your dedication is always recognised and rewarded. Join our referral program today and start maximising your earnings!
Even if you refer only one client – as long as they sign up and trade, you’ll earn commission. To continue enjoying the benefits of your referral tier going forward, you’ll need to remain active by consistently referring a minimum of 5 clients annually.
Tier 1 (Up to 10 Clients):
You’ll enjoy a competitive commission rate of 15% for an entire year. This tier is perfect for those getting started or with a smaller network of potential clients.
Tier 2 (10 to 20 Clients):
As you grow your client base, so do your benefits. In this tier, which covers 10 to 20 clients, you’ll earn a substantial commission of 25%, and your earnings will be extended over two years.
Tier 3 (20+ Clients):
For those who excel in building relationships and referring clients, our highest tier offers a commission rate of 35% that extends over a rewarding three-year period..
FAQs for FX Paymaster’s Referral Program:.
What if I don't know much about foreign exchange payments?
No problem! You don’t need to be an expert in foreign exchange to participate in our Referral Program. We provide resources and support to help you understand the basics of our services. Our team is here to assist you every step of the way.
What if my referred clients have questions or need assistance?
We have a dedicated support team ready to assist your referred clients. If they have any questions or require assistance with our services, they can reach out to our support team directly.
Is there a limit to the number of clients I can refer?
There is no limit to the number of clients you can refer. The more clients you refer, the more you can earn. We encourage you to refer as many clients as possible to maximise your earnings
Is there a minimum amount of information I need to cover before I can refer a client?
Yes, before you can refer a client, you must at least have spoken to them about our services. We value quality referrals, so simply providing names and numbers won’t suffice.
You don’t need to be a foreign exchange expert to explain our services and value proposition. Here’s a high-level overview to help you get started:
1. Existing Payment Methods: Most South African clients still use banks for international transfers. This process is often slow, expensive and filled with admin. (like filling out complicated payment instruction forms)
2. FX Paymaster’s Solution: We provide a user-friendly online platform where clients can easily buy currency and make payments to foreign suppliers. Our competitive exchange rates and low transfer fees of R250 – help clients save money on international transactions.
3. Simplified Paperwork: Our dedicated payments team will take care of all the time-consuming paperwork. They help prepare and review all documents to ensure there are no mistakes or delays.
4. Expert Guidance: Every client has direct access to our dealing room and can chat to one of our experienced dealers whenever they want. (useful if clients want to chat about the exchange rate or have a question about transferring money)
Remember, there is no obligation for clients to use us. All we want you to do is encourage them to compare our rates and service so they can make a fair decision.
How often are commission payments made?
Commission payments are typically made on a monthly basis. You’ll receive your earnings directly to your designated bank account.
Do I need to sign a contract to join the Referral Program?
Yes, as part of the process to formalise your participation in our Referral Program, we will ask you to sign a referral agreement. This agreement outlines the terms and conditions of our program, including commission structures, payment schedules, and other important details. Rest assured, our referral agreement is designed to be clear and straightforward, ensuring a mutually beneficial partnership. If you have any questions about the agreement, our referral support team is available to provide clarification.
Do you have any marketing material I can share with my clients?
Yes, you can direct them to our website or send them a copy of our brochure which we’ll make available to you.