Money Transfer Services
Due to our worldwide network of accounts and banking contacts Lancore is able to offer our merchants the ability to transfer funds directly to the beneficiary’s bank account.
This type of payment is known as a bank transfer (or sometimes a bank giro transfer) and it provides a fast and convenient way for our merchants to issue payments to both their customers and to their suppliers. Merchants in the luxury goods and services industries e.g. sales and rentals of villas, luxury cars, private jets and yachts where high value refunds and payments are required, find the service especially beneficial as it is totally secure and reliable.
Our international network of banking contacts means that not only is it very straightforward to make payments of the same currency, but it is also a simple process to send money in a large variety of different currencies. This means that conducting a business internationally can now be as simple as operating purely domestically. For smaller businesses this means that they will be able to expand and move into the international market as their business grows.
Businesses can see a great many benefits in utilising this kind of payment service; some of these benefits include:
- Bank transfers are credited directly allowing a much faster payment process. The money is available almost instantaneously meaning that there is no waiting for cheques to be sent and then to clear.
- The merchants’ account is debited quickly, allowing more efficient account reconciliation and cash flow
- Less manual processing work is involved. Again this means that the whole transaction is conducted fast, it also means that there is less scope for any human error that could occur when dealing with a large number of cheques.
- Bank transfers offer a secure payment service. Transferring the money directly between two bank accounts is a more secure option compared to a cheque sent by mail where potentially it could be stolen, misplaced or lost in the mail.
The fee that Lancore charge for this type of service will be dependant on the value of the payment(s) and whether the payment(s) are domestic or international. Clients can rest assured however that the charges will always be kept as low as possible. Our tight relationships with numerous international banks allow us to keep our costs to a minimum and as such our prices are always exceptionally competitive.
If you would like further information on any of our money transfer services, or if you have any questions or queries relating to any of the services that we provide, please contact us. Full contact details are provided on the ‘Contact Us’ section of our website.