Reducing Foreign Exchange Costs

Reducing FX costs for SMEs

Foreign Exchange (FX) transactions may result in inflated costs that small and medium-sized enterprises are striving to reduce. FX execution is historically a very expensive operation for small and medium-sized businesses. It is the expense of doing business with branches, vendors and customers from around the world. Many providers also take up broad spreads when performing FX transactions on behalf of customers. Under the overall transaction fee they reveal very little details about their FX spreads. SMEs that bear these charges can be struggling to recognise the true cost.

We are very distinct. We help small and medium-sized businesses minimise FX costs through a fair and clear transaction services tariff for foreign payments and FX. XCAP and its founders have over 20 years of experience in the overseas payment sector. This makes us well placed to provide small and medium-sized businesses an online, easy and cost-effective banking service.

Our service is designed to make it easy for you to handle overseas payments and FX. This complements the current banking arrangements. We deliver creative concepts such as currency accounts, to help you make more use of account balances and reduce the operating costs of receiving and sending money in foreign currencies.