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We provide a one stop service for paying your foreign invoices:
Convenience
You can now pay a foreign foreign supplier in the same way as you would pay a local one. We quote you a fixed Rand amount inclusive of all costs, which you then transfer to our account. We handle all admin for you - no forms to complete or deliver. For the travel industry (service payments) we accept faxed invoices. On receipt of an order from an importer, our courier service will collect the original documentation from your office. You don't have to leave your office and you can track the progress of your order on line!
Best Foreign Exchange Rates
Through the foreign exchange dealing desk, we negotiate the best exchange rates for you.
Open Cost Policy
Our on line system shows all costs. There are no hidden costs or surprises.
Competitive Costs
By improving efficiency and using e-commerce, we have reduced operating and overhead costs. Our commission and SWIFT rates are therefore very competitive.
 

How it Works
Settlement of Foreign Accounts/Invoices
  • Step 1: Order the payment through our online system, by selecting the beneficiary.  If you have purchased forward cover through our system, you can use it for payment. 
  • Step 2: Transfer the required funds in Rand, to our account. 
  • Step 3: Fax us the invoice and a copy of the bank deposit slip. You can send us the original invoice, deposit slip and completed BOP form (Form A) through DOCEX.
  • You can keep track of the process through our online system
Purchasing of Forward Cover

You have just sold an overseas tour package, but the traveler only departs in a month. You have to pay the foreign supplier between two and three months after you have sold the tour. During this time the Rand can decline and you could loose your margin. We provide the following solution:
  • Step 1: After you have sold the tour (even on the same day), purchase forward cover through our online system, for the date you expect you have to pay the foreign supplier. You also have to send us proof of your payment obligation.
  • Step 2: Transfer to us only 10% of your obligation to your foreign supplier.  
  • Step 3: The balance of your obligation is due when you use the forward cover contract to pay the beneficiary.

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