Issues & Solutions Darren Connor

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International payments. Issues & Solutions Darren Connor. Agenda. International payments – issues Currency fluctuations Hidden costs Other considerations Currency exchange specialists Services offered Working with Realtors Questions?. International payments - issues.
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International payments Issues & Solutions Darren ConnorAgenda
  • International payments – issues
  • Currency fluctuations
  • Hidden costs
  • Other considerations
  • Currency exchange specialists
  • Services offered
  • Working with Realtors
  • Questions?
  • 1International payments - issues
  • Need to exchange currency – how easy is this?
  • Europe - 48 countries & 26 own currency
  • Russia – 9th largest economy in the world, Ruble not easily traded
  • 25% of all foreign buyers in USA are from Europe and Russia
  • Reason for buying? Strength of domestic currency against USD
  • 2Currency Fluctuations – EUR/USD3Currency Fluctuations – EUR/USD4Hidden costInterbank price EUR/USD = 1.3140Difference of €1212 between providers5Other considerations?
  • Hello/Hola/Bonjour/Здравствуйте
  • Culture and customs
  • Different process when buying a property
  • Legalities
  • Getting funds out of their country
  • 6solutions
  • Currency exchange specialists
  • Competitive exchange rates
  • Risk management services
  • Same day transfers
  • Security
  • Ease of use
  • 7How it works8Working with Realtors
  • Referring Partnership program
  • Account Manager
  • Marketing materials
  • 15% referral fees – compliant with RESPA
  • 9Questions?10
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