PROTECT THE MONEY OF YOUR BUSINESS: PAY FOR INSULATED METAL PANELS IN YOUR CURRENCY.
We care about the efficiency of our business as well as about our client’s business as our strategic partners.
Everybody who has purchased insulated metal panels from abroad knows that it can be costly due to the current international payments system.
Why are international payments so expensive? International payments involve multiple banks that perform numerous steps to pay your supplier abroad. This article wants to focus on one aspect that we can help you with the currency conversion rate. The currency conversion rate is the price that you have to pay to purchase the supplier’s currency at your bank.
For example, a US company wants to purchase our PVC hygienic profiles to build cold-rooms: if we sell it in Euro, the customer’s bank will sell the amount of Euro he needs to complete it. When the bank does that, it adds to the daily currency exchange rate a percentage, representing the bank’s profit for performing the transaction. That percentage, which we call spread, can range from 2% to 8%, depending on different factors.
PURCHASE INSULATED METAL PANELS IN YOUR LOCAL CURRENCY
So, how can we help you save money? We don’t need you to convert your currency anymore because we accept your local currency. In the example above, the US company can now make an international payment in US Dollars to our USD account, saving the spread.
Not yet convinced? Let’s throw some numbers!
If your supplier asks you to pay 10.000 EURO for the goods and the spread is 4%, it means that you will pay your bank around 400 EURO more to purchase that amount of EURO currency. That amount of money is high, isn’t it? And if you make multiple purchases a year, it is even more costly, taking off significant cash from your company. The solution: purchase at Globe Panels. We won’t charge you that spread because you can pay us in your currency
If you have a question regarding possible options of payments for insulated metal panels or PVC hygienic profiles to build a cold – room, write to us, and we will be happy to answer it. You can get in touch on +44 7887 884768 or complete the form below. You can also contact us via firstname.lastname@example.org. Once you reach out to us, we can provide you with a quote and can also discuss our products and services further.