MyBestFX, a foreign exchange specialist, already helps hundreds of companies in Switzerland and Europe optimize their foreign exchange transactions. Do you manage supplier payments, transfers between foreign currency accounts, or even international payroll? Here are four concrete ways you can leverage MyBestFX services to reduce your costs, gain transparency, and secure your transactions.
#1 Pay your employees' salaries internationally
Do you manage employees abroad, whether on temporary or permanent assignments? MyBestFX offers you the option to pay them their salaries directly in their local currency, without additional costs or delays.
Your company sends the amount in Swiss francs, which MyBestFX converts at the actual rate before transferring it to the employee's bank account, wherever they are. Simple, fast, and efficient, this service is designed for temporary employment agencies, recruitment firms, and international umbrella companies.
#2 Optimize your transfers between foreign currency accounts
If your business has multiple bank accounts denominated in different currencies, it's crucial to control the exchange rate margin applied to transfers. Many traditional banks charge invisible fees that eat into your margins.
MyBestFX allows you to make these transfers with a much more competitive exchange rate and without hidden costs. The rate is displayed in real time via our platform, guaranteeing you complete control over every transaction.
Example: A Swiss company that receives revenue in Swiss francs but pays suppliers in euros can transfer its funds between accounts via MyBestFX and save up to 70% compared to usual bank margins.
#3 Pay your bills in foreign currencies
Does your company work with international partners and need to pay invoices in EUR, USD, or GBP? MyBestFX helps you pay your suppliers directly in their currency, while fixing the exchange rate in advance.
You benefit from complete transparency regarding the amount to be sent, thus avoiding unpleasant surprises related to market volatility. This service is particularly appreciated by SMEs who wish to maintain control over their cash flow while avoiding excessive bank fees.
#4 Lock in a forward exchange rate
Companies with a clear forecast of their medium-term cash flows can protect their profitability against market fluctuations. MyBestFX offers a forward exchange service, allowing you to lock in an exchange rate for a specific period.
This helps ensure the stability of commercial margins and allows for more confident forecasting of cash flow movements, while avoiding risks linked to currency volatility.
Conclusion
At MyBestFX, we understand that every business is unique. Our foreign exchange solutions are tailored to your operational needs, with one goal: to help you become more competitive and efficient. Contact our specialists to discuss your situation and implement a tailored foreign exchange strategy.