e-tailer Collection Accounts
Do you want to grow your business internationally AND keep your profits?
Choose the fairer alternative which also gives you visibility & control:
- Save up to 75% of foreign exchange cost compared to Amazon*
- Choose when you get your money back; daily, weekly, monthly or when the rate is right
- No commitment, no regular fees; pay for what you use
We have worked with online retailers for many years. During this time we’ve come to understand some of the commercial challenges that our clients face on a daily basis. Which is why we have created our e-tailer Collection Account.
How does it work?
If you sell on Amazon or other international marketplaces, you normally pay around 4% of your profit to get your money back into your home currency. Our solution is built around providing online retailers like you with an overseas foreign currency bank account located in the markets in which you sell. This account collects all your sales proceeds from online marketplaces in multiple currencies, helping you save up to 75% of foreign exchange cost when converting back to your home currency.
Currencies Direct are a leading international payments and foreign exchange company with offices around the world and more than 10,000 happy business clients globally.
*Amazon's current exchange rate equates to a 3.5% cost on the total value of your sales