Many businesses buy foreign currencies to pay overseas suppliers. If the currency you buy is to pay a third party, as is often the case with many of our business clients, we can complete this currency payment for you.
For example, a New Zealand importer who purchases equipment from China and is invoiced in US dollars (USD), can purchase the USD to pay the invoice from us, using NZD. We will then send the USD to the invoicing party, using the payment instruction supplied by our client, and any invoice reference notation required.
By outsourcing foreign currency payments to Direct FX our business clients can:
• Eliminate bank transaction fees
• Receive a competitive exchange rate
• Receive an appropriate level of advice and assistance
• Save time
Payments can be arranged quickly and easily. The same payment made through a bank can be time consuming, will incur transaction fees and will often be executed at a poor exchange rate.