Businesses use CurrencyFair to save money every day.
For example, we have lots of clients who are based in the UK or the EU, but their suppliers are in China or somewhere else in Asia. Our clients will deposit sterling or euros into their CurrencyFair account. They’ll buy US dollars and they’ll pay their suppliers directly from CurrencyFair.
Also, we have clients who are based in the UK, but their customers are actually in Europe so their customers will pay their CurrencyFair account directly and our clients will then exchange back to their base currency being sterling and transfer the money back out to their accounts.
Ready to start using CurrencyFair for your international money transfers and payments?
Whenever people read the Money Transfer Companies Compared article they are usually amazed at how banks and other such companies hide their fees and charges in the exchange rate when sending money abroad.
At CurrencyFair, we always want to be honest and transparent when it comes to how we operate. You can see our pricing page here.
The reason why CurrencyFair is so much cheaper than banks and other money transfer companies is because of our innovative peer-to-peer exchange system.
Our customer service guru, Tim Porter, explains . . .
After reading the article Money Transfer Companies Compared, most people realise that banks tend to roll their fees and charges up into their exchange rate so they can claim “zero commission” on your transfer.
Once people understand the hidden fees charged by banks and other such companies, they realise how much they can save by using CurrencyFair.
The only questions that remain for someone looking to send money abroad tend to be around safety, speed, and service.
Today we’ll examine at the safety aspect.
Let’s hear from our customer service guru, Tim Porter . . .
CurrencyFair began life as a solution to a problem, and as the world gets smaller and more connected, similar problems are being solved by lateral thinkers in a whole range of areas.
In April 2015, Susan Donohoe established IrishPostbox.com. The idea came after a friend who was living in Qatar said “it would be great if you could offer a service where people got their mail sent to a business address or PO Box”. The same person mentioned the trouble Irish property owning expats have with their postal mail and the fact that many rely on family members or friends to collect and manage their Irish postal mail, which isn’t ideal with regards to privacy. After some research, training and investment, Susan secured the licence to operate the service exclusively in Ireland.
Many people are shocked at the way banks and other companies roll their fees into their exchange rate so that it looks like the transfer is free of charge.
After you consider the savings you can make by using CurrencyFair to avoid those hidden and unfair exchange rates, you might be wondering: how can CurrencyFair be so much cheaper than all those other companies?
For the answer, let’s listen to our customer service guru, Tim Porter . . .
There are thousands of entrepreneurs creating new businesses every year, many of them to meet the needs of other businesses.
Here is a list of some hot Australian web-based companies.
For more, check out StartupAUS – StartupAUS is a non-profit organization that gives support to technology start-ups. They offer co-working spaces, a crossroads report, events, and more all designed to help technology start-ups find the resources they need to get off the ground. The group has designed a smooth website and offers personalized assistance to tech start-ups around the country.
You can also follow StartupSmart for the latest Australian tech scene news.
CurrencyFair Ltd is regulated by the Central Bank of Ireland. CurrencyFair Ltd is a Corporate Authorised Representative (No.419450) of CurrencyFair Australia Pty Ltd, regulated in Australia by ASIC (AFS License No. 402709). Data on CurrencyFair website(s) (including pricing data) is protected by database rights. All rights reserved Registered Office: First Floor, Westmoreland House, Westmoreland Park, Dublin 6, Ireland. CurrencyFair Ltd CRO: 469391 (Incorporated in Ireland)
The information contained on our website is general in nature. CurrencyFair has not taken into account your objectives, financial situation or needs. Before acting on this general advice you should therefore consider the appropriateness of the advice having regard to your situation. We recommend you obtain independent financial, legal and taxation advice before making any financial investment decision.
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