Here at Prime Cap we try hard to acknowledge and honour the pioneering and innovative work done by peers of ours operating across the different strands of the payment services sector. Some folks do exactly what we do (but not as well) and others do something a bit differently...and it's those we want to tell you about in this post. We're content that we know our market (very well) and that our brand of straightforward advice and aggressively priced rates will sing to some fo

You might think it odd that a currency conversion company overtly name and publiscise a business which all would consider a direct competitor (and yes, we have put a hyperlink to their site in their logo, so you can travel directly there). Well, we would agree with you, if we considered TransferWise and their ilk 'competition'. We will begin by assuming that you already know TW apply a standalone fee instead of a mark-up to their rate of exchange. They give you what they cal

A huge number of people use their bank to send an international payment. Whilst this is totally unsurprising, we'd like to give you some reasons why using a company like Prime Cap might be better, cheaper and easier. The rate you'll get: For a couple of reasons, your bank isn't minded to improve a rate of exchange when pushed to do so. A lot of time and money was no doubt spent on your bank improving and refining their online banking offering to their customers. Sending an in

Whilst the personal payments industry as a whole owes a great deal to the likes of Transferwise et al for engaging it's target audience in a dialogue about 'out-of-touch' charging, is their approach disingenuous? If you have ever tried to do an online payment through your bank then you will know that the cost of sending the payment and the rate of exchange offered and applied to the exchange itself are two different things. Your bank will show you what rate of exchange they a

The best advice we can give the would-be traveller or holidayer is to imagine that there is no rate of exchange. Imagine that the country you're visiting uses the same currency as home. £1 for €1/$1. The reason we suggest this is so that when you get home and you look at your receipts, you'll have a nice surprise when you realise you actually spent less than you thought. On the flip side you can drive yourself potty trying to find the most competitive place or mechanisms to

Many of the world's largest and most recognisable consumer service brands would describe themselves, in conversation if not on billboards, as 'technology' businesses. Their online platforms and algorithms may 'connect' 'users' and 'consumers' with 'suppliers' and 'distributors'. The service company doesn't own the thing you're buying; they're a conduit. For that reason you could reasonably argue that they're giving you access to their network of vendors - whether that is priv