Axia FX

Axia FX

November 30, 2011 04:00 ET

Axia FX Launches New Bulk Payment Plan

Axia FX announces the launch of a new product for multiple overseas payments

LONDON, UNITED KINGDOM--(Marketwire - Nov. 30, 2011) - Axia FX offers a range of solutions for companies and individuals to make overseas payments and buy currency internationally. They are pleased to announce a new addition to their product suite - the Bulk Payment Plan for international and same day payments.

The new solution is aimed primarily at companies who operate across a range of countries and need to make payments to these various locations. These transfers might be regular payment of salaries to overseas staff or supplier payments, for example, which are usually monthly but can be as frequent as every day, or one-off transfers for deals or payments.

This can be a complicated and costly process for businesses using their bank. In most circumstances, the payments are treated as individual transfers meaning they have to be authorized individually and you will be charged for each payment. These charges can range from £15 to £35 and banks will also usually charge unnecessarily high business foreign exchange rates and commission, so for monthly transfers the costs soon add up. Depending on your security protocols, transfers will need to be counter-authorised as well, making them expensive and time consuming.

Axia FX's Bulk Payment Plan allows companies to group transfers in one "bulk" transaction. Axia FX will then distribute these funds at much lower rates avoiding the individual payment costs charged by banks. Companies can simply submit the recipient data to their account manager, and Axia FX will then transfer the money securely and quickly. They do not charge fees for set up or management and there are no other hidden costs.

Bulk payments have many benefits for a company - in addition to the cost savings, this solution makes the process significantly more manageable and reduces inefficient administration. As Axia FX is FSA approved, they also provide peace of mind over security.

Mark Chambers, Financial Director at Axia says 'At Axia FX we strive to provide innovative, cost effective and secure solutions to currency transfers of all types. This new product follows the trend of passing on the beneficial rates that Axia can command to our clients.'

In an increasingly global world companies need to be able to make same day payments overseas with minimum fuss and without excessive costs. Negotiating the business foreign exchange market and various rates and charges can be difficult, but by partnering with experts Axia FX and using their Bulk Payment Plan businesses can save both time and money.

About Axia FX:

Axia FX are FSA approved experts in foreign currency exchange. They offer outstanding service and the most competitive foreign exchange rates on international transfers and currency purchases for both businesses and private consumers. They offer a range of transaction options to suit differing requirements, and account managers can also help clients develop bespoke strategies to minimise their costs.

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Contact Information

  • Media Contact:
    Axia FX
    David White
    Managing Director
    +44 (0) 845 257 8258