Unlike many other commercial currency brokers, Currency UK will allow you to receive payments directly from your trading partners.
By giving you access to our multi-currency client account system, Currency UK enables you to invoice your customers in their local currency and allows you to receive payment in over thirty foreign currencies. With these features you can take control of the foreign exchange element of the transaction by converting the funds at the preferential rates available via Currency UK rather than your customers foreign bank or your own domestic bank.
We will provide you with the relevant currency account details, which you can then provide to your customer allowing them to make a direct transfer to our client account system.
Upon receipt of the funds you will be notified immediately. We are able to fix the exchange rate at any point in the transaction, before or after the transfer is received.
Your account manager will be able to talk you through through process of how to best make use of our currency accounts, but in the meantime the below is a step by step guide of how to invoice in a foreign currency.