Companies with foreign payment transactions have income and expenditure in different currencies. They need a reliable financial partner that offers fair exchange rates. Companies need a reliable financial partner who offers fair exchange rates for foreign payment transactions.
Most companies today do not deal with just one currency. Rather, they do business in different countries and have corresponding income and expenses in different means of payment. It is therefore of great importance for them to work with a reliable financial institution that offers them fair exchange rates. Especially when transferring money regularly from one currency to another, many companies make considerable losses that can be avoided with a trustworthy partner. One such partner is Akcenta, for example.
20 years of experience in foreign payments and currency exchange
Akcenta has more than 20 years of experience in foreign payments and currency exchange. Over 36,000 clients – most of them small and medium sized businesses – benefit from this invaluable experience and the professional network Akcenta has built up over the years. This makes it the largest payment institution in the whole of Central Europe.
Interestingly, Akcenta does not use traditional currency exchange rates to determine buying and selling prices for different currencies. Instead, an individual quote is prepared for each client. This allows Akcenta to offer significantly lower exchange rates than traditional banks and usually outbids dealing banks. Of course, the currency exchange is free of charge and is carried out immediately. The portfolio contains more than 120 currencies, including of course the most common means of payment such as the euro, US dollar, British pound and Swiss franc.
But also in currencies such as the Vietnamese Dong and the Thai Baht, which are rather less present on the international financial market, is exchanged. The current exchange rates and the development of the most important currencies in the recent past can be displayed via an online broker. It is also possible to set a rate which, when reached, automatically executes a transaction. The online broker also provides a clear list of the transactions carried out and the fees due for them
Uncomplicated and inexpensive foreign payment transactions
Akcenta’s services also include uncomplicated and cost-effective payment transactions abroad. For example, money transfers to the Czech Republic, Slovakia and Poland are free of charge. In addition, they are carried out within a few hours. The company has partner banks in many other countries, which means that money transactions can usually also be offered free of charge. In some cases, the customer has to pay fees, which are, however, lower than those charged by the banks. Payments in euros are in principle free of charge if they are made within the euro zone.
Moreover, it is not necessary to set up a separate account for foreign payments with Akcenta. Instead, they can be made through the usual account that the customer holds anyway. Such a payment is made in such a way that the customer first orders it online or by telephone. If the client holds their account with a bank with which Akcenta has a partnership, the transfer is processed very quickly. In most cases, it is completed in just a few minutes.
If the client is with a bank that does not work with Akcenta, then the usual time limits of the bank apply. The transfer is made through a correspondent bank, which is also the usual route for a direct foreign payment between two banks. However, because Akcenta is involved and has a collaboration with the correspondent bank, the client benefits from much lower charges than for a traditional transfer from one country to another.