OFT Urged to Focus on Currency Exchange for Businesses

In recent weeks, the focus on the monitoring of consumers to use debit cards abroad and get the money to pay claims that excessive fees and expenses, Office of Fair Trading filed a complaint formal, but scratch the surface of the problems with experts, industry insiders say that only the foreign exchange market.

Cross-border commercial transactions in the commercial sector have the money. These costs are passed on to consumers through higher prices, because each day to buy foreign currency abroad and the impact of public banks to transfer money unnecessarily high rates of corporate taxation, the company supports that money Axia FX.

Super complaint as a reason for the charges of consumption-oriented complex, and banks and research houses, citing a combination of false or misleading information, published on September 21. They travel to purchase foreign currency before the exchange rate to show exactly how many visitors requested a clearer description.

Axia FX goes; some experts believe that only the area of ​​excessive costs money. They are the real user cost and, ultimately, the consumer companies to foreign trade, transfer of money or the exchange rate offered by banks when they argue. This ratio is a problem with bank transactions that do not say that the difference lies. This "spread"; as we know why banks have lost large sums of money can be between 0.1% and 5%. Axia FX companies about 20 million pounds on a daily basis; the cost to consumers is estimated to lose.

Axia FX, David White, and CEO: "The creation of businesses, consumers spent, of course, suppliers of FX business abroad and the cost is charged excessive cost inflation and increased pressure on household disposable income these costs will continue to be billed by operators, banks and exchange office. Mainly for the needs of business and, secondly, the lack of understanding of the exchange rate. Consequently, the OFT really want your teeth into something, maybe you need to look at the world of money in this industry. "

Axia FX, negotiating with companies such as banks, businesses and consumers are able to offer better prices, as well as treatment options and offers to transfer money abroad. Companies’ money by reducing waste of money when banks are likely to significantly reduce costs for consumers.