from Jan Griesel
In early November, we began working with a new partner that specializes in reliable international payment and risk management solutions. AFEX handles all aspects of international payment, from risk consultation to transaction execution. It develops unique international payment and exchange solutions and strategically customizes them to match your financial goals.
The British payment provider offers a comprehensive range of global payment and foreign exchange services, including Foreign Currency Drafts, Wire Transfers, risk management tools and designated Account Executives. With a diverse client base of more than 24,000 active commercial clients including importers and exporters, educational and financial institutions, small businesses and multinational corporations, AFEX recognizes the distinct requirements of each of its clients.
How can you benefit from AFEX?
British sellers who want to bring their items from the UK to Germany may choose to sell on international markets that are based in Germany. These markets charge a fee for converting from € to £. This fee can average 4%.
AFEX allows you to save many of these fees. Let's assume you are a UK seller and you want to offer your products on a German market. Customers pay the market directly when buying one of your products. The market is now required to transfer the money to your account. The market will either charge you with the conversion fees or it will subtract the fees from the amount that it owes you. The British payment provider AFEX gives you a German account number for a much lower fee than what the market would have charged you as a conversion fee. The market will not have any conversion fees that it will be able to charge you with.