Selling products internationally via e-commerce platforms
One of our clients, based in Hong Kong is an international trading business that specialises in selling components for computers via e-commerce platforms in Spain, Italy, and other areas across Europe.
The business approached Currency//UK due to a continued frustration over the fees being charged by their previous foreign exchange provider. Since moving to Currency//UK the business has saved roughly €70,000 in FX fees.
“We rely on a very high velocity of sales plus credit lines to maintain the cash flow in an infinite loop. Currency//UK helps us to receive, exchange and transfer the funds with efficiency to keep our business running, and that is particularly important during Q4 of each year.” – K, Managing Director
It is not only cost-saving where we are able to support this business but also by protecting them from volatility in the market by securing their exchange rate when it’s at a favourable level. Through our eseller product, our client is able to offer customers the option to pay for the computer components in their home currency, without the business suffering increased foreign exchange costs and risks as a result.