5 Reasons Why Your FX Provider Falls Short (And How to Fix It)

Are you tired of feeling like your foreign exchange (FX) provider just isn't cutting it?

Maybe you've experienced delays in account opening, struggled with multiple platforms for different currencies, or found your payments taking longer than expected. Whatever the case may be, it's time to consider a better solution. 

At Hubpay, we understand the frustrations that come with subpar FX services. That's why we've developed a platform that addresses the common pain points faced by businesses like yours.  

Here are 5 reasons why your current FX provider falls short, and how we can help you overcome these challenges:  

Reason #1 Slow and Cumbersome Account Opening 

• Issue: Waiting weeks for your FX account to be set up can hinder your ability to conduct international transactions promptly. Traditional FX providers often have cumbersome paperwork and lengthy verification processes, delaying your access to crucial currency exchange services. 

• Solution: With Hubpay, you can kiss those long waiting times goodbye. Our ultra-fast account opening process allows you to open an account in just 24 hours. Say goodbye to tedious paperwork – our digital onboarding system makes the process streamlined and efficient, getting you up and running in no time.   

Reason #2 Multiple Platforms, Multiple Headaches 

• Issue: Managing multiple platforms for different currencies can be a headache. It leads to confusion, inefficiency, and potential errors in your transactions. Juggling between various systems also makes it challenging to maintain oversight and control over your FX activities. 

• Solution: Simplify your FX operations with our all-in-one platform. Exchange funds across 38+ multi-currency accounts seamlessly, eliminating the need to switch between different systems. Whether you're collecting funds into named accounts or migrating beneficiaries using bulk import, everything you need is available on one platform. Plus, our multi-user access controls ensure proper authorization with maker/checker functionalities, enhancing security and accountability.  

Reason #3 Payments that arrive fashionably late 

• Issue: Waiting for payments to arrive can be nerve-wracking, especially when time is of the essence. Slow payment processing not only frustrates you but also reflects poorly on your business reputation. Additionally, hidden fees and intermediary charges can eat into your profits, leaving you with less than you expected. 

• Solution: Experience faster payments processing with Hubpay. We partner with tier 1 financial institutions to ensure that your payments arrive promptly. With our extensive network, payments can reach over 85 countries efficiently. Say goodbye to hidden fees – we guarantee that the full amount is received by the beneficiary, providing you with transparency and peace of mind.  

Reason #4 Lack of Personalized Support 

• Issue: When you have questions or encounter issues with your FX transactions, you want prompt and personalized support. Unfortunately, many providers fall short in this area, leaving you feeling frustrated and unsupported. 

• Solution: At Hubpay, we pride ourselves on delivering exceptional customer service. Our dedicated support team is here to assist you every step of the way, ensuring that your FX transactions run smoothly and seamlessly. Whether you need assistance with account setup, have questions about our platform, or require help with a transaction, we're here to help.  

Reason #5 Limited Currency Options 

• Issue: Your current FX provider may offer limited currency options, restricting your ability to conduct business globally. Being confined to a narrow range of currencies can hinder your expansion plans and limit your competitiveness in the international market. 

• Solution: Our platform supports over 550+ currency pairs, giving you the flexibility to transact globally with ease. Keep multiple currencies in your account whether you're dealing with euros, dollars, or yen, we've got you covered.  

With Hubpay, you can enjoy rapid account opening, a unified platform, fast payments, transparent pricing, and personalized support. Schedule a demo today and experience the difference for yourself.

Still not convinced? Find out what our customers have to say here.