Hello,
our company earns some income in USD, and it gets lodged to its Irish bank which applies their exchange rate.
Over time, I think we could save a bit of money using a dedicated forex company like Transfermate.
However, I see risk in transferring cash to a third-party, at the risk that they'll go bust while they're processing one of our payments.
What's your opinion on the level of this risk?
Whytis.
our company earns some income in USD, and it gets lodged to its Irish bank which applies their exchange rate.
Over time, I think we could save a bit of money using a dedicated forex company like Transfermate.
However, I see risk in transferring cash to a third-party, at the risk that they'll go bust while they're processing one of our payments.
What's your opinion on the level of this risk?
Whytis.