The funds flow follows the same path as the card schemes (Visa and MasterCard).
- You will benefit from revenue generated by the currency conversion of foreign card transactions is shared.
- Daily settlement is provided in local currency. The merchant or bank is never exposed to foreign currency risk
- Comprehensive reporting is provided for all daily transactions summarised by currency and card type.
- Reporting is local currency based. Your current reconciliation procedures are unaffected.
- Reporting can be conveniently accessed via our web based reporting system.
- Monex provides full transparency and audit trails on all your transactions.