FairFX shows SMEs a whole new world
FairFX, the payments provider, is launching an international business account for small businesses, catering to those SMEs with global operations, which according to the firm are often underbanked.
The account, under the name “Fair Everywhere”, comes with a Mastercard card, and “low fees” for international transactions. The account is initially only available to 1,000 customers.
It allows users to manage their balances and transactions in one account through the app in sterling, euro or US dollars. Users can also get cashback rewards at selected retailers, and automate bill payments.
Ian Strafford-Taylor, CEO of FairFX, says: “We’ve brought together the best of both our banking and currency platforms and kept it simple with a straight forward, all-inclusive price of £50 per month for an all singing, all dancing account that works as hard as you do.”
He adds: “We will be launching additional subscription tiers for businesses turning over different amounts and introducing a pay-as you-go pricing option very quickly, to ensure we provide a flexible service that helps our customers be more effective.” “
The Fair Everywhere cards will also be issued by the FairFX Group, after the group became a principal member of Mastercard in 2017.