EBSI Forex

Making Regular Payments and On-Off Transactions

Global Payments will help save you time and costs to get your money where and when you need it. We understand that peace of mind only comes with great rates, expert service and secure transfers.

Who Should Choose Global Payments?

Expats who send home their overseas earnings
Parents who make regular payments for their children's overseas education and living costs
Investors who make down payment and monthly mortgage payments when buying a property abroad
Families who need to transfer funds when moving overseas
Those who buy foreign currencies for use and potential growth in the future (currency switching)

Case Studies

Case 1: Expat

Nicholas who is employed by an overseas company works in Hong Kong

As an employee of an Australian company, Nicholas still receives his salary in Australian dollars. On the salary of A$90,000 p.a., he can save more than HK$5,600 at the end of the year if he makes his transfers with Global Payments.

Case 2: Importer

Jane has decided to emigrate from the UK to Hong Kong.

Instead of lining up at the branch, filling out the bank's forms and paying ₤25 for transferring the money to their Hong Kong account at a rate of 12.0825, Jane logged on to her Global Payments account to enjoy a rate of 12.1015 without fees for the wired money transfers.

Case 3: One-off Transactions

David is buying a new boat from overseas

David is buying a new motor boat from a Finnish builder. He has been invoiced for the construction and delivery of the boat in euros, and has decided to settle the payment with his Global Payments account in order to save approximately HK$50,000 for the 500,000 euro transaction.

Case 4: Regular Payments

Mr. and Mrs Lau. are paying for their daughter's overseas education

Mr. and Mrs. Lau are paying for their daughter Emily’s university education in the USA. The tuition fees, text book costs and living expenses totalling around USD70,000 p.a. will be transferred in 4 installments a year. If Mr. and Mrs. Lau use their bank to make the overseas payments, it will cost them HK$546,905 based on the bank's daily rate of 7.8015 plus a fee of HK$200 for each transaction. With Global Payments, the live rate can be as low as 7.7935 without any transaction fees giving them an annual saving of HK$1,360 and a total saving of HK$5,440 over four years of Emily’s tertiary studies. This amount is good enough for Mr. and Mrs. Lau to buy Emily a new laptop to celebrate her graduation.

*Remark: All names are fictitious

Your Business Payments Partner

While you are unlocking a new market for your business globally, you may need to pay salaries overseas, make supplier payments or receive overseas clients’ payments. EBSI Forex is experienced in dealing with businesses of all shapes and sizes. We understand the importance of timely and reliable FX payments to seamless daily operations of your business with no transaction fee or commission charges.

EBSI Forex Is Experienced In Dealing With The FX Needs Of Businesses

Spot and Forward FX
Market orders
Time critical same day settlement
24-hour online and phone deal booking
Multiple user platform access and account authorization levels
Detailed PDF trade confirmation and monthly statement for accounting purposes
Daily FX commentary and market updates to assist with managing FX exposures

Case Studies

Case 1: Exporter

Sara Farms has been breeding successful racehorses for many years, with many of  their champions being sold to overseas stables.

When the overseas stables pay in USD dollars into Sara's local bank account for the horses, a 'foreign currency handling fee' of USD50 will be charged using the bank’s chosen currency exchange rate for conversion. In many cases, this rate has been 2.5% higher than the going wholesale or 'interbank' rate. With Global Payments, Sara will save the unnecessary bank fees which are about 2% on all their overseas earnings on exports of USD1.5million with an annual saving of USD30,000.

Case 2: Importer

Mr. Chan imports goods from the USA.

Mr. Chan's engineering company imports a machine part from the USA, which costs USD200,000. If the bank's published daily rate is 7.7880, Mr. Chan needs to pay HK$1,557,600 plus an overseas payment fee of HK$100. If Mr. Chan uses the Global Payments online platform at the rate of 7.7810, Mr. Chan will only pay HK$1,556,200 with no additional fee. He can make the transfers online without sending his staff to the bank, in addition to the saving of HK$1,500 in this transaction.

*Remark: All names are fictitious

Manage Cross-border Payments for Your eCommerce Business

As an online marketplace retailer, you are operating in a highly competitive landscape. Whether converting your payments back into your own currency or buying stock, you face the currency exchange exposure. Global Payments is a revolutionary business FX solution that helps you manage the operating costs and you can grow your eCommerce business effectively.

How We Can Help Your Online Business?

Pay and receive foreign currency from buyers and sellers locally around the world with no transfer fee
International network of bank accounts in major regions for receipt of payments from online clients
24-hour multi-lingual dedicated FX support
Trusted and reliable brand with 10 years' experience working with businesses of all sizes

Case Studies

Case 1: Online Shop

Elaine sells beauty products on Taobao

Elaine is running an online store on Taobao, which sells skincare and cosmetic products. She uses Global Payments to transfer her funds back home at superior exchange rates 24/7 and buys stock from Australia, the UK, Europe and the USA. Our multi-currency settlement accounts allow you to receive money from different marketplaces or pay suppliers overseas via our online trading platform.

Case 2: Online Sports Shop

Jimmy runs an online sports store

Jimmy sells limited edition sports shoes and soceer jerseys online. Like many online sellers, he uses Global Payments service to hedge his currency exchange exposure by comparing live rates and to lock in today’s rate for transfers up to 12 months in advance. He can pay his vendors, suppliers, or taxes in multiple currencies at his preferred rate before bringing profits home.