The large transactions involved with the international property market make using a cross border payment solution particularly beneficial.

International financial markets can have a particular impact on property companies through:

  1. Changing exchange rates can results in the value of a sale changing for either the buyer, seller or both. This uncertainty can result in sales falling through

  2. Large transactions cost more when the rate changes, or through using a traditional bank over a cross border payment solution

  3. Company accounts are impacted by being able to hold just one currency, as opposed to many, to make payments as needed

  4. Expense management for travelling staff becomes difficult when across multiple currencies

Using a cross border payment solution provides a number of solutions for international property businesses.

Key problems solved

Large transfers at the point of completion
Large transfers at the point of completion

Offer currency risk services and partnerships through currency brokers.

For example, fix exchange rates with forward contracts or limit orders, or send money using multi-currency accounts to reduce the overall cost of the transaction.

Regular international payments to staff and ongoing suppliers
Regular international payments to staff and ongoing suppliers

Setup batch and repeated payments to staff and suppliers operating across international property markets.

This can be in the form of both expense management and invoiced cross-border payments.

Access currencies and international markets
Access currencies and international markets

Access to multiple currencies opens the door for advertising and media spend in new markets you want to attract buyers from.

Pay for advertising
Pay for advertising

Utilise virtual cards to pay for advertising across different markets. Assign cards to specific properties or advertising types.

Recommended property provider

Airwallex is our recommended provider for property companies. They offer the most flexibility on card use and the widest range of local multi-currency accounts.