How much does your business really pay to spend overseas?
The price of an overseas transaction is not always the amount on the receipt. Currency conversion, foreign transaction fees, cash withdrawal charges and exchange rate differences can create additional costs. Freedom Global helps businesses understand those charges and examine suitable multicurrency arrangements.
What we examine
Annual overseas card spend and main currency pairs; current conversion methodology and exchange spread; foreign card transaction charges; local currency spending and merchant currency conversion; cash withdrawals and card usage fees; wallet and prefunding options; supported settlement currencies; travel patterns; staff location and operational controls.
Commercial questions worth asking
Are employees paying in local currency where appropriate? Is the exchange rate transparent? Are different teams being charged differently? Could suitable multicurrency spending arrangements reduce repeated conversion costs? Would any wallet prefunding requirement affect cashflow?
What this review can produce
A currency by currency picture of the cost of international card spending, relevant risks and the practical options worth considering. Any proposed FX pricing is presented against the actual provider methodology and verified commercial quotation.
Related: Foreign Exchange Transparency
Overseas card spending and FX costs are closely related. Freedom Global's FX Transparency page explains how currency exchange costs are assessed separately from card transaction charges.
View FX TransparencyFreedom Global provides commercial cost review and introduction services. It does not issue cards or provide regulated payment services.
Potential savings are not guaranteed. Products and features are subject to provider availability, eligibility and terms.
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