0 Why businesses get ripped off on currency and what they can do

Businesses trading internationally are unnecessarily losing out on thousands of pounds, dollars & yen when making and receiving international payments. According to a recent article in the FT, a third of respondents to a survey reported gains or foreign exchange losses exceeding $1m. Today, we’ve invited Daniel Abrahams, co-founder of My CurrencyTransfer, an OPP award winning foreign exchange comparison website to help better understand how to score a fair and transparent deal on currency. Always opting for bank rates A large proportion of SME’s are unaware that there are alternative methods of making international payments....