Get it done right, with a minimum of fuss
Not all payments are born equal – tighter regulations and transaction monitoring across the global financial industry can mean different payment requirements for different regions. FX Corp knows what’s required and helps you navigate these complexities, resulting in easy and compliant payments.
Sending funds overseas with ease
Fast transfers sent via local payment channels or the swift network. Payments to most countries take 1-2 business days.
60 currencies available to more than 80 countries around the world.
Enjoy competitive exchange rates with low transaction fees.
Receive instant trade confirmations for your internal use and wire confirmations you can pass onto your beneficiaries.
Receiving funds from overseas:
your business edge
Streamline your business by offering your clients the option to pay in their local currency.
Fast and efficient processing times, converted at competitive exchange rates.
In no rush to convert? We can hold your foreign currency for a short period of time, watch the market for you and convert it when you require, or when the rate is more favourable.
Payment networks – you have options
Within the global payments landscape, the two most common payment networks are the SWIFT network and the use of Automated Clearing Houses (ACH).
SWIFT Payments
Completing an international payment through your bank has traditionally been synonymous with sending payments via the SWIFT network. An efficient way to send large value payments in almost any currency, to almost anywhere. While far reaching and dependable, SWIFT can also be an expensive way to send payments overseas, often attracting intermediary fees which can result in payments arriving short. It could cost you up to $60 in transaction fees from your own bank before it even leaves the country.
With the ever growing digital revolution upon us, we’ve seen huge increases in the volume of payments sent around the world, but the value of each payment has dramatically decreased. For a business sending small payments a few times a week or month, paying large fees can severely hurt profit margins.
ACH Payments – Local networks
As the most affordable method of getting a payment from A to B, local payment channels were established to move smaller amounts of money more efficiently. ACH payment usually don’t require the use of intermediaries and thus these local, low-value payment channels enable you to send payments at a fraction of the price when sending payments to customers and suppliers in their local currency.
Where possible, utilising an ever growing network of local payment options can make payments arriving short a nuisance of the past.
