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International payments. Issues & Solutions Darren Connor. Agenda. International payments – issues Currency fluctuations Hidden costs Other considerations Currency exchange specialists Services offered Working with Realtors Questions?. International payments - issues.

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issues solutions darren connor
International payments

Issues & Solutions

Darren Connor

agenda
Agenda
  • International payments – issues
  • Currency fluctuations
  • Hidden costs
  • Other considerations
  • Currency exchange specialists
  • Services offered
  • Working with Realtors
  • Questions?

1

international payments issues
International payments - issues
  • Need to exchange currency – how easy is this?
  • Europe - 48 countries & 26 own currency
  • Russia – 9th largest economy in the world, Ruble not easily traded
  • 25% of all foreign buyers in USA are from Europe and Russia
  • Reason for buying? Strength of domestic currency against USD

2

hidden cost
Hidden cost

Interbank price EUR/USD = 1.3140

Difference of €1212 between providers

5

other considerations
Other considerations?
  • Hello/Hola/Bonjour/Здравствуйте
  • Culture and customs
  • Different process when buying a property
  • Legalities
  • Getting funds out of their country

6

solutions
solutions
  • Currency exchange specialists
  • Competitive exchange rates
  • Risk management services
  • Same day transfers
  • Security
  • Ease of use

7

working with realtors
Working with Realtors
  • Referring Partnership program
  • Account Manager
  • Marketing materials
  • 15% referral fees – compliant with RESPA

9