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Renting in Edinburgh

Case Study:
Renting in Edinburgh
The cost of a currency exchange is usually determined in one of two ways. Either the client has a specific currency amount and wants or needs to realise as much as possible in the currency they wish to 'buy', or, a client needs to purchase a specific currency amount and the rate of exchange is what dictates the cost of buying that sum.

When you have a monthly or ongoing currency exchange requirement, it is wise to reflect on which of the two scenarios matches your need to exchange currency.

Our client charges us with buying the GBP Sterling amount they need, monthly. On the same day every month our client receives a confirmation from us, which tells them the rate of exchange we were able to achieve when we bought for them. In the same confirmation we invite the client to send us the appropriate base currency amount. Because of the way this process is structured, the amount of money our client sends us varies each month...but they don't mind.

On average, over the past 23 months, we have improved the client's rate of exchange (and therefore saved them) over 2.5%. We include the cost associated with sending a payment - a cost which their bank charges them separately - into the rate at which we exchange/buy their currency. All they need to do is send us the amount needed to settle the transaction.
Transaction Amount:
£4,370pcm
Transaction Type:
Rental Payments
Currency Destination:
Scotland
Prime Cap Saving:
2.74%
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Solutions, both tailored and complete.

Offering private and corporate clients access to terms, rates of exchange and tools tailored to their transactions. 

Prime Cap Payments Limited (T/A Prime Cap | Prime Cap Payments | Prime Cap Global Payments) is registered in England and Wales No: 10755730. Registered address: 27 Old Gloucester Street, London, WC1N 3AX. For clients based in the United Kingdom and rest of the world, Payment and e-money services are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199)  For clients based in the European Economic Area, payment services for Prime Cap are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 - 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701). For clients based in the United States, Payment services in the United States are provided by Visa Global Services Inc. (VGSI), a licensed money transmitter (NMLS ID 181032) in the states listed here. VGSI is licensed as a money transmitter by the New York Department of Financial Services. Mailing address: 900 Metro Center Blvd, Mailstop 1Z, Foster City, CA 94404. VGSI is also a registered Money Services Business (“MSB”) with FinCEN and a registered Foreign MSB with FINTRAC. For live customer support contact VGSI at (888) 733-0041.

All testimonials, reviews, opinions or case studies presented on our website may not be indicative of all customers. Results may vary and customers agree to proceed at their own risk.

 

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