Low-cost international money transfers and payments up to 8x cheaper than the banks.
Founded in 2009, CurrencyFair is one of the world’s leading peer-to-peer money transfer platforms and is fully regulated in Australia by the Australian Securities and Investments Commission. CurrencyFair empowers you to choose your own FX rates with their unique marketplace that connects consumers and businesses worldwide, to help them exchange at a rate that can even beat the rate you see on Google. With their flat fee of $4 and the ability to transfer to over 150 countries globally they have already saved customers over $395 million (or currency equivalent).
In fact, in 2019, CurrencyFair was awarded Canstar’s 5-Star Rating for Outstanding Value International Money Transfers. They are one of only four providers that were awarded this 5-Star Rating and found to be a leading provider on price.
CurrencyFair offers exchange rates that are up to 8x cheaper than a typical bank. They offer two ways to exchange; straight away at the best available rate or if you have time, you can even choose your own exchange rate and wait for someone to match it on CurrencyFair’s unique peer-to-peer marketplace.
CurrencyFair’s multi-user access feature was designed specifically for businesses. It allows you to add up to eight team members to your business account and allocate specific roles and permissions to them. By delegating access to your team, you can optimise your time and streamline the way you receive, exchange, and make payments.
There is even an optional dual approval feature that adds an extra layer of security to your account. This two-step approval feature means that you won’t have to worry about anything leaving your account without your approval, giving you control.
The flat fee of $4 means that you can eliminate excessive fees when paying suppliers, employees and contractors from abroad. This combined with the bank-beating exchange rates allows you to maximise profits when receiving overseas payments.
CurrencyFair is fully regulated in Australia by the Australian Securities and Investments Commission and in Europe by the Central Bank of Ireland. This means that you receive bank level security without the hassle of a bank. The platform uses two-factor authentication and 256-bit encryption to ensure that your account remains secure. CurrencyFair prides itself on its convenient and quick service with many transfers taking place within just 24 hours. The trust and convenience they provide to customers has led to a 4.7-Star Rating on Trustpilot and many glowing reviews.