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#KBB: Kitchens, bathrooms and bedrooms - are you buying from abroad?

Whether a purveyor of ceramics, glass, brass, chrome or brushed steel, selling directly to retail customers or buying product wholesale, the principles of good currency practise apply across the board and #KBB is no different.

You want an easy and intuitive process?

Absolutely the most competitive rate of exchange?

Point of sale insight and advice?

Flexibility on forward buying terms?

Speedy settlement that communicates with both you and your supplier?


Luckily for you, Prime Cap offers all of the above as standard.


But, those 'long in the market' when it comes to KBB will already have been contacted by a currency broker and, more often than not, will be using one.


So, why would you consider a move?

...because businesses and services change.


Sometimes, having noticed that you are happy with the way they ask you to instruct a transaction, currency companies simply widen their own margin when providing you with a rate.

So familiar and comfortable are you with the requirement to email your dedicated broker, or indeed logging in to organise a payment, you may take your eye off the rate.

It might only be a difference of fractions of a percent on the rate/margin, but, in your line of work you probably make payments bi-monthly, so, those fractional differences can add up.


Prime Cap sets the lowest rate we can affordably conduct your exchange at as the default setting for your online platform with us.

Whilst our brokers are there behind the scenes to oversee the process of inputting the transaction, our front of house team does not have the authority or permission to change that online rate. What we quote you will remain just as competitive ad infinitum - always.


It is important that time is taken to explain how to get the most out of a currency company like us. We don't want value left on the table.

Once a business has registered as a client with us we will dedicate our first conversations to taking you and your team through the inputting of a transaction and the other elements of our online platform that will serve to enhance your experience and optimise value.


Any and all of the suppliers you work with can be uploaded and logged on our online system.

So, rather than having to trawl through your invoices to find their bank details, you simply select them from a logged drop-down menu.


If you'd like to you can include your supplier in the payment receipt email.

This means that when your foreign currency leaves us, your supplier will also be notified - this is particularly useful when suppliers won't release a shipment until they see proof of payment; they can receive that proof of payment the moment funds are sent.


Also, depending on your arrangements with your bank and the amounts you're allowed to transmit on a daily basis, you can tailor how many days you have to pay for a booking with us.


Our standard terms mean that we will endeavour to release a payment as soon as we receive your settlement amount, but, if you book 'out of hours' or over the weekend, you don't have to worry about frantically running to your local branch. We can be totally flexible.


Through our online platform you will have direct access to your entire transaction history. This makes it easy to provide your accountant with a formatted list of your activities.


You can check on the status of a payment in real-time through the platform too.

So, if you sent your base currency to us at 10am, you can login to the system to see whether we have received it.


We will always email you automatically and immediately when your money has been received, so, as well as being able to login yourself, our system serves as a fail-sale and ensures you have more than one communication channel.


Every action we undertake is complemented by an electronic confirmation for you. Therefore, your team cannot login and transact without your knowledge.


Along with the intuitive online platform, our brokers remain ever present and ready to provide verbal and email based advice, guidance and support.


The unique 'blended' approach of the Prime Cap dealing protocol means that at every point during a transaction value is being crammed in to the process.

That might be in the form of overviews on the markets, use of our proprietary alert and triggering tools or advice and guidance as to which contract gets you the best rate whilst reducing your exposure to unfavourable movements in the rate.


You might argue that what we offer is nothing new. To be fair, you're saying that without having tried it.


We have formulated our proposition precisely in order to ensure that every element of the process is personalised to your dealings. You are never obligated to buy currency from us, but, if we can give you back margin and improve the speed of payments without increasing the time you spend conducting such transactions, then why wouldn't you CLICK HERE to find out more.


We look forward to hearing from you.

0203 172 8193

#KBB #kitchens #bathrooms #bedrooms #suppliers #overseas #currency #businesses

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