Payments made easy

bye bye admin, hello FX Paymaster

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Fixed fees, 0.5% and R 250 per payment*

Stay ahead of the forex game with our low fixed fees. Our business customers enjoy a fixed margin of 0.5% and only pay R 250 to transfer funds abroad. We’ve standardised our pricing because we believe in fair and transparent pricing, a first for the industry. 

open a free account

You don’t have to
switch banks

We’ll open a free account in your name at our partner bank. You will always fund your own account, we will never handle your money directly.

Fast, easy online payments
 

We’ll give you access to our easy to use online platform where you can view live rates, book deals, manage beneficiaries and make payments all in one place. 

how we compare banks

Create a business account online

To open a business account, you’ll need to fill out a short online application form. This should only take around 10 minutes. Once you’ve submitted your application and uploaded your FICA, our team will review your application and submit everything to the bank for processing It usually takes around 24hrs to open your business account, but it may take a bit longer if we’re experiencing high demand. 

open a free account

Your questions, answered

Is this for me?

If you’re interested in fair and transparent pricing, then FX Paymaster is for you. Our service is designed for SME’s who want a faster, easier and cheaper way to transfer money abroad. Unlike banks, our rates and fees are fixed upfront for total transparency so there are no hidden fees, no bad exchange rates and no nasty surprises.

How does FX Paymaster compare to banks?

If you are dealing directly with a bank to transfer money, then chances are you are overpaying. Most banks add around 1 – 1.5% onto the exchange rate and charge between R600 – R1,200 in transfer fees. At 0.5% and R 250, our pricing is significantly better than this.

Are there any fees or charges to open an account?

The bank account we open for you is 100% free of charge. To open an account, you will need to fill out a short online application form. This should only take around 10 minutes. It usually takes around 24hrs to open your business account, but it may take a bit longer if we are experiencing high demand.