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Welcome to the Costless Payment Solutions Blog.

Click on an article for further details…

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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

Are you continually charging a client the same or varying amounts?
You may be thinking:- “Is there a more time saving and cost effective way to process these transactions?!!
Well perhaps a Direct Debiting Solution may be your answer.
Direct Debit (DD) payment solution enables you to automate payments on a recurring and subscription basis from either a Bank Account or Credit Card.
The solution I provide even offers the option for you to “pass on” the transaction costs to your clients if you wish!!
Effectively making this solution, cost neutral to your business, club or association.
Using our direct debit payments solutions, you can process payments easily and securely to reduce manual effort, errors, and processing costs.
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For further information, please refer to :-
www.costlesspaymentsolutions.com
Telephone 0419762478
mark.grant@costlesspaymentsolutions.com

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Credit card Payment Surcharges

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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

Do you send money to family and/or friends overseas? Do you send money overseas to cover import/export costs and supplier invoices? Are you purchasing capital goods (plant, equipment & machinery) and need to remit funds overseas to pay for it? Are you sending funds overseas to manage overseas payroll? Have you ever wondered is there a more cost and time effective process to send money overseas??? Well there is, let me introduce you to Torfx!!!Torfx provide you with :-(1) Competitive Exchange Rates(2) Personalized service from an allocated account manager(3) No transfer fees. Your watch (your time) and bank account ( less costs) will thank you!!!For further information:-email:- mark.grant@costlesspaymentsolutions.com

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Credit Card Surcharges

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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

CEO Sleepout

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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

    Costless Foreign Currency Payments

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    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