Time for a Change?

Why International Businesses Should Regularly Review Their FX & Payments Provider

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In today's global economy, businesses of all sizes are expanding beyond borders, tapping into new markets and supply chains. But with global opportunity comes global complexity — and one of the most overlooked areas where businesses often lose time, money, and visibility is foreign exchange and international payments.

If your company is operating internationally, regularly reviewing your FX payments provider is not just a smart idea — it’s essential to your bottom line.

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1. Costs Add Up — Even When You’re Not Looking

Exchange rates can vary significantly between providers, and hidden fees can eat into margins without anyone noticing. Many traditional banks and large platforms bake hefty markups into their exchange rates or add transfer charges that aren’t always transparent.

A quick review of your FX provider’s rates against the mid-market rate could reveal more than you think. Even a small difference — 0.5% to 1% — on regular international payments can translate into thousands of pounds lost over a year.

2. Speed and Efficiency Are Mission-Critical

Delays in international payments can disrupt supply chains, damage relationships with overseas partners, and affect cash flow. The right FX provider will offer fast and reliable settlement, often on the same day, especially when dealing with major currencies.

If your current provider can’t keep up with the pace of your global operations, it might be time to explore alternatives.

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3. Flexibility and Access to Currency Accounts

Modern FX platforms should offer multi-currency accounts (like a virtual IBAN), allowing your business to hold, pay, and receive in various currencies. This makes managing international finances much simpler and more efficient.

If your provider doesn't offer access to local currency accounts or makes it difficult to collect payments in different countries, you're likely missing out on a better way of working.

4. Personalised Service vs. One-Size-Fits-All

Every business has different needs. A responsive provider who understands your sector, your payment patterns, and your goals can make a huge difference. Unfortunately, many businesses are still dealing with generic call centres and slow response times.

It’s worth asking yourself: Are you getting real, human support when it matters most?

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Don’t Settle for “Good Enough”

Your FX provider should be more than just a transaction processor. They should be a partner who helps you move money globally — efficiently, transparently, and strategically.

At Stately FX, we work with businesses across the UK and internationally to deliver fast, fair, and reliable currency exchange and global payments. With competitive rates, multi-currency IBANs, and a personal service ethos, we help businesses like yours simplify the complex and grow confidently on the world stage.

Is it time you reviewed your FX strategy? Let’s talk.