Can my company save money using a foreign exchange currency company for their global payments?
A few years ago an old school friend Simon, who is a Financial Director for a company that imports goods worth over 1 million dollars each year was telling me that these companies could not help him as he brought in such large volumes that he got a great foreign exchange rate from his bank. Eventually I managed to get him to try one of these services and he saved over 10,000 US Dollars on his first trade. He now uses these foreign currency exchange services for all his currency conversions. Another friend called Jay; he gets a fantastic foreign exchange rate from his bank. Why, because his bank had previously lost Jay’s business to one of these independent currency transfer companies in the past. To win back Jay’s global payments business, the bank now undercuts the foreign exchange rate offered by the independent firm that Jay uses. So if you have global payments whether for imports / exports or overseas staff then you need to check out our international currency exchange reviews.
