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Fairfx offer an online currency exchange platform where you can exchange small or larger money transfer payments worldwide
FairPay is able to offer a foreign exchange service for businesses and individuals that cuts out the middleman normally associated with excessive fees. The internal payments service provider has been active in the UK since 2007 and is able to offer its customers a fair rate of currency exchange thanks to its peer-to-peer platform. A range of currencies are available and money can be sent to a number of different countries.
Customers can browse what available rates there are and make a deposit into their account using their debit card, credit card or by setting up an Internet bank transfer. Customers can receive their exchanged currency to a FairPayFX Currency Card, which is a pre-paid Mastercard, complete with a PIN number that can be used in over 210 countries. The card can be used to handle a number of financial affairs abroad, which could be a general holiday or a wedding abroad. Currency can also be delivered to a home address or transferred to a foreign currency bank account. If opting for the FairPayFX Currency Card, it is worth noting that it can take seven to ten working days to arrive.
Businesses can also take advantage of market-leading exchange rates and be confident that that their funds are held within a secure environment. Any issues or obstacles that may arise when a business attempts to exchange currency can be handled by a dedicated member of staff. There is also a FairPay Corporate Account that can help manage staff expenses.
FairFX offers a number of solutions for businesses and individuals. Businesses are able to benefit from market-leading exchange rates as receiving expert advice on how to mitigate their risk. Individuals can use the FairFX Currency Card if they are looking to travel abroad and also have the option of receiving their funds to a foreign bank account or mailed to their home address.
Applicants are able to create an account online, where their identity will be checked online. Failure to register with the correct details could cause an application to be rejected. Applicants must be at least 18 years of age and reside in the UK. If applicants are looking to make deposits into their account via debit or credit card, then the card must be registered to the same address that was included in the original registration. FairFX will ensure the confidential handling of any customer information.
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