How To Manage Foreign Exchange Volatility In Your Business

Currency volatility can be difficult to manage and in most cases it can reduce your profit margins.

Fortunately you can protect against exchange rate volatility, by using a Forward Exchange Contract (FEC).

With a FEC, you can fix an exchange rate in advance for up to two years, providing you with certainty and a predictable cash flow.

For further information, please contact:-

Mark Grant- mark.grant@costlesspaymentsolutions.com

call 0419762478

When you pay a business using certain payment types, for example a credit card, the business incurs costs for processing the payment.

These costs are usually paid by the business to its bank.

Some businesses include these costs in the price they charge for their goods or services. Others pass the costs on as a payment surcharge.

On 25 February 2016 the Competition and Consumer Amendment (Payment Surcharges) Act 2016 became law.

This law was introduced to stop businesses from charging payment surcharges that are excessive (for example from charging a customer more than what it costs the business to process the payment.)

A business is not required to impose a payment surcharge, but if it chooses to then it is only allowed to pass on to the customer the costs that the business was charged for accepting payment of that payment type.

The ban applies to all businesses, regardless of their size. For more information please refer to www.costlesspaymentsolutions.com​

Please call 0419762478

Well to make a positive difference in their lives, I am participating in this cycling event during September to raise much needed funds for the Starlight Foundation.

I am asking for donations for this worthwhile cause, using the following link:-https://tourdekids.org.au/mark-grant

Thank You In Anticipation

From 1st September 2017, all businesses, clubs and associations Australia Wide that impose credit card payment surcharges on card transactions, need to comply with the Commonwealth Law that bans excessive payment surcharges.

Failure to comply with these laws, could result in an infringement notice issued by the ACCC with penalties up to $126,000.

For further information or questions:-

https://lnkd.in/g_uAuFx

mark.grant@costlesspaymentsolutions.com

call – 0419762478

Hi Mark, I’m here as living proof that homelessness can happen to anyone.

Here is Sue’s story-I had a wonderful job, a privileged background, three university degrees (including a PhD), I even owned a home, I had children… and none of that was enough to save me from homelessness.

I’m also here as proof that your support means everything when it comes to helping people out of homelessness.

I bet you sit here reading this, wondering how someone like me – someone with ‘Dr’ in their title – could even become homeless?

What happened to me was domestic abuse.

To raise money for the CEO Sleep Out and to help Sue and many others like her, I am “offering” myself as a slave for the day to the highest donation to my fundraising.

So far this is $300!!Your kind donations (which are tax free) are able to made using the following link:-https://www.ceosleepout.org.au/fund…/mark-grant/gold-coast

Are you wanting more flexibility, service and no transfer fees when transferring funds either overseas or receiving foreign currency?

With Torfx, you are also provided with unique market insights and guidance.

You have the ability to transfer more than 40 currencies to over 120 countries quickly and securely.

Torfx have assisted clients with:-

Transfers for foreign property settlements and investments

Emigration and relocation

Inheritances and settlement of estates

Repatriation of personal funds/pensions

Sending money to family/or friends overseas

Intercompany transfers/ repatriation of business revenue/sales proceeds

Covering import/export costs and supplier invoices

Managing Overseas Payroll

If you are wanting more information, please click “get a quote” on the attached brochure

www.costlesspaymentsolutions.com

mark.grant@costlesspaymentsolutions.com

call- 0419762478