New online service for foreign payments

With the new online service from Forexfix, small and medium-sized enterprises present themselves as an attractive partner for the usually expensive international transfers outside the euro area. The company relies on a cost-effective processing via an online platform.

Save bank fees

Small and medium-sized enterprises (SMEs) in particular face the problem of paying imports from abroad at a fair rate without expensive fees. Many companies therefore choose the usual route via their bank and remain dependent on its conditions. However, the cost trap normally waits here: even in the case of a supposedly favourable exchange rate, the banks make use of both the sender and the recipient by means of expensive settlement fees.

Forexfix solves exactly this problem. For this purpose, the company offers fast processing via the platform developed for this purpose. Customers can register online and, after identification, send and receive payments conveniently in over 30 currencies and in over 100 countries. Forexfix avoids the usual expensive fees by a partnership with the internationally active company Currencycloud, which secures the transactions.

"From my own experience I know that in international payment transactions you can incur losses of 10-20% in just a few days, look at the Turkish lira or the Swiss franc," says founder and managing director Robert Kröber. "With our innovative service, we really want to offer every SME a fast and cost-effective alternative. Until now, this was only possible for large customers".

"Hedging" no longer only for large companies

But Forexfix offers even more added value here: As part of the service, companies also have the option today of receiving a fixed price for their payments at a later date, the so-called "hedging" of future price changes. Previously, this was only possible with large volumes in the millions and usually only if you had been a customer of a bank for many years. With Forexfix, this can decide about profit or loss, especially with longer payment terms in foreign currencies.

Forexfix is already successfully positioned internationally. Numerous satisfied customers from Germany, Austria, Switzerland, France and even Thailand as well as from various industries such as mechanical engineering, international trade, tourism and many others are already using the platform. The service is especially helpful for companies with lower but frequent foreign payments and helps to save money. For companies, the use of Forexfix is a helpful innovation and a cost-effective alternative to existing bank offers.

ForexFix offers the best exchange rates for foreign currency payments and hedging.

The ForexFix platform offers the most competitive rates
for immediate and future foreign currency transfers.

To do business abroad you often need to pay in foreign currencies. In this business banks any payment providers like Paypal take their cut everywere, partly through fees, but often also by providing much worse exchange rates than the actual ones. Through our true midmarket rates you can save more than 90% compared to banks, Paypal etc!

Philipp Stegmann
ForexFix GmbH
Rosenthalerstrasse 2
10119 Berlin

This release was published on openPR.