BUSINESS FX PAYMENTS

With a suite of tailored business solutions, Western Union Business Solutions can help businesses of all sizes to manage their international transactions, reduce risk, and capitalise on market opportunities.

Western Union Business Solutions FX Resource Centre can help you to make wise business decisions, by providing you with market intelligence.


Customer Benefits

Western Union’s unparalleled reputation
   
Over 130 currencies across 200 countries                
   
Competitive and live exchange rates
No hidden costs
   
Ability to book trades 24 hours a day, 5 days a week
   
Dedicated specialist assistance
Western Union Business Solutions - This is 160 years of reinventing the way money moves

Western Union Business Solutions can help you reduce costs and enables you to decide when and how to pay.

  Fast and Efficient Transactions: send payments easily in more than 130 currencies.

  Transparent Real-Time Rates: we offer complete transparency, with no hidden costs, so you are never paying more than you need to.
 
  Payment Status Visibility: you can access your payment status and full payment history online. Also, your recipient is automatically emailed once your payment has been sent.

  Dedicated Support from FX Specialists: we help you navigate the FX market, so you can lock-in favorable exchange rates.

 

How it works

Through our global network of banking relationships we provide efficient international payment services. With a Western Union Online FX account, you can make bank-to-bank payments from the convenience of your computer or by contacting our dedicated dealer team via phone or fax anytime, anywhere.



Your payments are funded through your bank account. Recipients get an email notification of your payment and the funds are transferred directly into their bank account.
 
Western Union Business Solutions - Locking exchange rates so you can move money with confidence

Sending a payment

1. Initiate Your Payment

a. Though Online Platform
  • Access our online system, enter payment information and choose how you would like your recipient to receive the funds
  • Book rates via the MPP online system
  • Confirm foreign exchange rate details and book your payment
  • We will send you an email with the payment specifications 
b. Through dedicated dealer team
  • Contact our specialised dealers through phone, email of fax to provide you with a tailor made exchange rate for your payment needs. We will send you an email with the payment specifications and how to settle your money order.Contact GAP Dealer via phone or email to “book” a deal, i.e. create a payment instruction.
  • Once Dealer confirms the deal he/she informs you via phone and email of the “Settlement amount”.
  • “Settlement amount” needs to be deposited in a designated WUBS bank account i Cyprus.
    • Client deposit can be effected through a bank transfer.
    • Once confirmation that cleared funds have been deposited in the WUBS designated account the payment instruction is released to the Beneficiary  

2. Fund the Payment

Provide us the funds for your transaction as per the agreed procedures.
The amount and currency as stated in the order confirmation can be paid in via the following methods. Your funds are always paid to WESTERN UNION Business Solutions directly and not to GAP Vassilopoulos Group.
  • Bank Transfer sent to in designated WESTERN UNION Business Solutions bank account. 

3. We send the funds to the beneficiary

We will take care of the foreign exchange and send the payment quickly and reliably to the beneficiary  as per your instuctions. You can receive an email notifying you that the payment has been executed. We can even send your recipient an email notifying them of the incoming payment.
 

* Note that only authorised personnel of your company can contact the WESTERN UNION Business Solutions dealer by phone or email. Contact Us for more help
** Western Union Business Solutions has a flat charge on EUR 7.5 for payments in EURO up to EUR 50,000 and provides competitive exchange rates for all currencies. Our ALL IN rate is normally extremely competitive.


To get started today, please email us at: wubs@gapgroup.com

 

 
  20 Strovolos Ave. 2011, 
  Nicosia, Cyprus

 

 
   +357 22710000
 

 
  info@gapgroup.com
 

 
   +357 22514081
 

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