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Posted September 3rd, 2009 by Jackie

Five Reasons to Send International Payments the Smart Way…

Smart Currency Exchange is a UK based organisation that specialises in international payments to and from Cyprus and the UK. Many people now living in Cyprus were first introduced to currency organisations when they decided to buy a property in Cyprus. They discovered that a saving of up to £4,000 could be achieved on every £100,000 sent by using a currency specialist over a bank. Clients using this service would have also been made aware of a reduction in sending fees and options to buy currency now, but pay later.

There are a few currency specialists operating in Cyprus, yet Smart has successfully assisted 1,000’s of clients since 2004 and is now assisting many more to set up regular transfers from the UK to Cyprus for mortgage or pension payments. And a few clients have had to repatriate back to the UK and thus Smart has been able to help them with better-than-bank exchange rates when moving the money back.

So…why Smart?

Firstly, Smart’s accounts are all held in the Bank of Ireland allowing their clients absolute peace of mind that their funds are safe. As opposed to the UK government who guarantees the first £50,000 held by a bank, the Irish government guarantees 100%. Although money often comes in, is exchanged and then transferred out quickly, you don’t want to be in a position where a bank develops issues. For example, when the Icelandic Bank went bust there was no formal guarantee and therefore some of the funds are still ‘missing.’

Secondly, Smart is one of the only currency organisations where the currency traders are not paid on commission. When the directors set up the company, they knew that the industry was rife with the "greedy individual" rather than team approach. In an effort to ensure that clients not only get a great service, but to actually receive the best possible rates, the owners set up a business model that enables team work – and the greatest good for the client. When contacting Smart, there will never be any pressure to transact or chances that the rate you receive has been increased to account for the trader’s pay packet!

Thirdly, Smart offers a huge amount of educational information that can be received through the post, in email or communicated over the phone. A special 10 page guide outlines the common mistakes that are made and how to avoid them. There is a currency worksheet that allows overseas property buyers to budget and even plan how to hedge for risks when it comes to stage payments. Daily and weekly currency exchange rates and reports are sent regularly along with special announcements when something has made a large impact on exchange rates. And representatives are always on hand to answer questions, outline market information and take each client step by step through the international payment process. Smart can even be followed on Twitter now!

Forthly, many currency organisations have minimum amounts that they’ll transfer. Some won’t move anything under £5,000 or £3,000 unless it’s a regular payment. At Smart, no transfer is too small for their clients. The organisation is very focused and rather than offer insurance or mortgages or other products, Smart works hard at continuously improving and providing an easy stream-lined, money saving service.

Finally, Smart’s systems allow for an extremely fast registration process. Completed entirely over the internet, a new client can have a trading facility up and running within 1 hour of applying online. Many organisations take days to open an account or even return a phone call, for that matter. Buried down by burdensome antiquated processes and procedures, larger institutions are no longer able to serve the client. At Smart, the client always comes first.

Charles Purdy is a Director at Smart Currency Exchange Limited – the only international payment specialists in the UK who work specifically to help people save money on regular transactions such as mortgage or pension payments. So, to move money overseas, including funds for property purchases and also the repatriation of funds back to the UK, why not go to for further information – and obtain your FREE educational reports.

Or if you prefer, just telephone us locally on (00 357) 26030213.

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