Receiving International Payments.
CurrencyWave does away with a system that banks have long employed, which penalises exporters and other businesses as well as individuals receiving international payments in a foreign currency.
Where banks convert your funds before they credit your account, taking charges out of the payment you have received without you having any say, CurrencyWave does not.
You can instruct the payer to send the amount they owe you into your CurrencyWave Global Collections Account, leaving you to convert the funds at the time of your choosing, at a much more favourable rate. You can then withdraw your money, or leave it in your CurrencyWave account, if you prefer.
Sending International Payments.
The CurrencyWave platform makes things simple for you 24/7 and allows for same-day international payments in many cases. All you need to have at hand is the beneficiary’s:
- IBAN code
- BIC/SWIFT code
- Full name and address
You can pay either overseas businesses or private individuals and, if you need to pay multiple beneficiaries from one currency conversion, that is easy-to-do. If your beneficiary is a regular payee, you can save their details on the platform, to be there when you next need them.
With CurrencyWave, you can send international payments in minutes, in four simple steps.
The minimum transaction amount is £1000 and there is no maximum limit, although very
large orders may take a little longer. Are you ready to start the process and save money?
CurrencyWave Personal Account.
Individuals needing to pay an overseas third party have incurred hidden, hefty and unreasonable bank charges for many years.
Until recently, private individuals have had no access to favourable exchange rates for their international currency transfers, being forced to pay both the charge their bank has levied as a mark-up on the exchange rate, as well as the bank’s fee for the sending the money.
Whilst CurrencyWave purely handles electronic payments, and does not exchange currency for cash or vice versa, it does offer bank-beating rates for international bank transfers, covering payments for everything from an overseas home to a new Ferrari, and all sorts in-between.
Registering as a private individual with CurrencyWave is simple-to-do and will take just a few minutes of your time. It’s free to register and we just have to go through the steps that financial services regulation requires. Start the process now and begin your journey towards international bank transfer savings.