You can now eliminate the middleman in your business transactions simply by using the Marketplace function on our platform.
The VertoFX’s Marketplace is a service that brings businesses around the world together and enables them to exchange currencies at cheaper rates and at their own convenience.
The Problem
Imagine trying to exchange money and the rates are not favourable to you. Making an exchange using traditional banks is often limiting because of the fixed rates they offer.
An added pain point is you either need the money immediately (Exchanges like this normally take a longer time) or you need it in a week (exchange rates are unpredictable and a lot can happen in a week). Either way, you are in a tight corner.
Still don’t get it?
For instance, a bank in an African Country may not have a strong relationship with a bank in America. They would have to go through a bank in the United Kingdom to act as middle men for them to make the exchange. Not only does this take longer time, it is also more expensive. VertoFX provides a solution where you get to receive your money on your own terms.
First Step
Create a Verto account for free if you have not already done so.
How the platform works
Before exploring the exciting world of The Marketplace, you have to click on the Exchange Later button. This helps you manipulate the rate you want and also the date you want the money by.
The Details
-Once you have chosen your rate, and the time you want the money, you can proceed to the marketplace to place an order.
*This feature would show our live rates and clients can amend to suit their needs.
-On the platform, you can browse through the bids from other businesses and select the ones that suit your needs. you would see various bids by other Verto users, pick the one you feel is the right rate for the amount you want to exchange.
-You can then negotiate with the other businesses until you reach an agreement. You would receive an automatic message when a bid has been accepted by the other party you are trading with. Once, a final agreement is reached, both businesses have to honour the trade.
Is it safe?
Very safe. Both businesses have to transfer the money into Verto’s escrow account for safe keeping.
Both businesses have a unique reference number exclusive to them. Once both transfers have been made, Verto would initiate the swap immediately. We also have security measures to prevent businesses not fulfilling the trade.
The best part?
There are multiple businesses around the world saving on forex by using our marketplace which gives you unlimited options to exchange up to 39 currencies and make payments in 200 countries.
Click on the link here for a demo on how to create seamless transactions using the marketplace or you can contact us: platform@vertofx.com to book a call.
For information visit: www.vertofx.com
