Navigating international payments in the marine industry with Equals Money

‍Why international payments matter to the marine industry

1. Global reach: The marine industry doesn't operate in isolation. Whether it's procuring parts from another country or receiving payment for services, international transactions are par for the course.
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2. Risk mitigation: Exchange rates can be fickle. The marine sector, which often deals with hefty sums, stands to lose significant amounts if payments aren't managed correctly.
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3. Regulatory adherence: Sending money across borders isn't just about pressing 'send'. Every country has its regulatory framework that needs to be adhered to, to avoid potential legal hitches.

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Challenges Faced

• Volatile markets: Exchange rates fluctuate and can change between the time a deal is struck and when payment is made, this can drastically alter the amount gained in a cross-border transactions and potentially impact revenue and profit margins.
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• Unfavourable exchange rates: Traditional banks often offer unfavourable exchange rates that can eat into your transaction amounts.
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• Complex processes: Without a streamlined process or system, managing international payments can become a resource-draining task.

Why Equals Money is the Answer

1. Competitive rates: Equals Money offers competitive exchange rates, allowing you to get the most out of every transaction

2. Industry knowledge: With a wealth of knowledge, Equals Money understands the complexities of the Marine industry, with their portfolio of services is designed to cover all your financial needs.

3. Expert guidance: Navigating international payments can be intricate. Equals Money offers expert guidance, ensuring you remain informed at every step.

4. Tailored solutions: Not all marine businesses are the same. Equals Money understands this, offering bespoke solutions to fit your specific needs.

5. Secure & fast: With same-day and next-working-day transactions, Equals Money ensures your money reaches where it needs to, safely and quickly.

6. Payment solutions: Minimise and mitigate risk from currency fluctuations and volatile markets with payment options such as forward contracts.*

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Final Thoughts

In the vast and intricate world of the marine industry, it's essential to have a reliable partner to handle your international payments. Equals Money offers not just a service, but a partnership – ensuring your transactions are smooth, compliant, and beneficial. Navigate the complex waters of international payments with ease, choose Equals Money.