Prepaid Cards in Belgium
The easyJet euro currency card is a travel money card. easyJet card is subject to terms and conditions including applicant providing acceptable ID, being a resident in the UK & aged 18 years+. Prepaid Card & usage fees apply.
Neteller offer a free virtual account which can be upgraded to a prepaid MasterCard, subject to T & C's including applicant providing acceptable ID, being a resident in the UK or Ireland. Prepaid Card & usage fees apply.
Application is free based on you loading £200 of currency on to your card. This card is an electronic money product issued by Clydesdale Bank PLC. Clydesdale Bank PLC, a company registered in Scotland with number SCOO1111
Europe Traveller by Caxton FX - Preload your card with currency, subject to terms and conditions including applicant providing acceptable ID, being a resident in the UK & aged 18 years+. Travel Card & usage fees apply.
Euro Card by Ace FX - Preload your card with currency, subject to terms and conditions including applicant providing acceptable ID, being a resident in the UK & aged 18 years+. Travel Card & usage fees apply.
Prepaid cards available in Belgium where you need to be a Belgium resident to get a prepaid credit cards.
Pay overseas staff with online money transfers
Businesses of all purposes and sizes often have to transfer money overseas, and often it is necessary to pay employees in another country who either work full-time or as casual staff.
If your company has to transfer money to employees abroad either as a one-off or on a regular basis it is important your business does not waste money with bad exchange rates and unnecessary fees. It can be very difficult for consumers to keep up to date with the forever changing exchange rates, so to avoid paying more than you have to, read on.
Using exchange rates when sending money overseas
Exchange rates influence the value of a currency once it has been converted in to another currency. Therefore, while many would think the exchange rate is fixed and unable to sway, the amount you pay for the conversion of your money depends entirely on the research you do and the company or service you use to transfer your money.
It is imperative the different exchange rates are researched before any money is sent abroad. The market will be full of good and bad exchange rates so research is crucial in ensuring you do not throw away more money than you need to.
Surprisingly, the bank can be a very costly place to exchange the currency of your money. In general, banks rely on consumers assuming they will offer the most competitive rates despite their rates often being especially expensive.
Specialist companies will offer the most competitive rates as they dedicate their time solely in to the different exchange rates on the market at that time. Finding the best exchange rate on the market has the potential to save you as much as £5,000 on larger transfers.
Pay employees with good exchange rates
Whilst large amounts of money can be saved when the sum of money being transferred is big, it is also possible to save considerable amounts with smaller transactions.
A specialist broker in foreign exchange is going to be able to present your business with the most beneficial exchange rates to make sure you don’t pay more then you have to when paying employees abroad.
A specialist broker will be able to scan and hunt the market on your behalf to present you with the best exchange rate for the amount of money you want to transfer and in what currency it needs to be converted to.
Specialised exchange brokers online are even more convenient as you can send the funds using the internet service, which is less time consuming.
Speed of transfer
The time in which your employee will receive the funds will depend on the strength of the currency and the distance of the country receiving the funds.
The stronger the currency, the quicker the transfer should be.