A Smarter Way To Convert Money
Merchant Advance has partnered with Agility Forex to provide our customers with access to bank beating foreign exchange services. Because of our partnership, we have access to inter-bank rates and our technology allows us to bypass the banks and deliver the best pricing direct to your screen in an instant.
Why Merchant International Payments
Why Merchant International Payments?
The best rates with no hidden fees
Fully transparent pricing
Easy to use platform enables you to make payments 24 hours a day
Expert and friendly advice via phone, chat or email
Our platform provides real time pricing clearly displaying the live underlying inter-bank market. So no more bank black box pricing where you can only hope they don’t take you for too big a ride. With us you can pay multiple beneficiaries in seconds and know you are being treated fairly and honestly. Clear and simple!
If you know you have a currency requirement sometime in the future and are concerned about what the currency rate might do between now and then, you can lock in a rate today for that future requirement. Forwards allow you to take the risk out of future market movements by agreeing the rate you transact at today. For example, you may be an importer of goods from the US but not be required to pay for them for 6 months. Rather than accept the Spot rate in 6 months, which could easily have moved and taken your profit with it, you can agree to a forward price today and so know exactly what your costs will be. The forward price is easily calculated and is just a function of the interest rates of the two currencies concerned. Agility Forex offer forward rates out to 12 months. Forwards require a Payment Reserve deposit of between 5 and 10% of the total contract value.