How to Lower Exchange Rate Fees on International Payments
Is your company looking for a fair and transparent way to make international payments? Or is your department currently in the process of trying to find alternative ways to cut costs on those pesky wire or draft fees?
At the end of the day, what matters most when you need to make those frequent reoccurring international payments for your clients and those fees keep adding up? Exchange rates and fees.
Then say hello to Global EFT (electronic funds transfer). It is an innovative international payment service provided by Currency Exchange International.
These new Global EFT transactions utilize local clearing networks such as ACH in the US, EFT in Canada, and SEPA in euro payment areas.
Businesses of all sizes are converting to this payment method to lower their processing costs and increase their financial and operational efficiencies.
Global EFTs are perfect for universities and colleges, corporations, the travel industry, importers, and exporters as a reliable, cost effective means to send international payments.
What are the Pros and Cons of Global EFT?
Currency Exchange International (CXI) is a leading provider of foreign currency exchange services in North America for financial institutions, corporations and travelers. Products and services for international travelers include access to buy and sell more than 90 foreign currencies, multi-currency cash passport’s, traveler’s cheques and gold bullion coins and bars. For financial institutions, our services include the exchange of foreign currencies, international wire transfers, purchase and sale of foreign bank drafts, international traveler’s cheques, and foreign cheque clearing through the use of CXI’s innovative CEIFX web-based FX software www.ceifx.com