Lighthouse FX is an ecommerce foreign exchange provider. They offer localised International Bank Account Numbers (IBANs) to sellers, enabling local settlement from marketplaces including Amazon and eBay.
Lighthouse FX can also assist with managing FX risk using hedging tools to help protect profit margins when trading internationally.
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|Access Via||Web Based / SaaS|
|Payment||Alipay, Amazon Pay, PayPal|
Lighthouse FX (no other listings)
The Supplier Says
Local settlement of foreign currency to avoid large FX fees associated with eCommerce
The founders of Lighthouse FX noticed that eCommerce platforms like Amazon and Ebay are charging their clients extortionately when it comes to settling the proceeds of sales made in foreign currencies. Much of the time, the platform will insist that they pay a bank account in the relevant country, in the correct currency. Most companies that trade internationally will find it very difficult to open a bank account in each region they sell, unless they have a presence. The process is expensive and time consuming.
Lighthouse FX have partnered with a leading fintech company to offer a solution.
Lighthouse FX offer a virtual IBAN solution to each of its clients at no extra cost (eg USD in the US), enabling clients to be paid proceeds of sales locally, in the local currency, rather than being forced to exchange currency by the platform provider - often saving up to 4% of the value of the payment!
If you would like to know how much we can save, feel free to ring in on 0203 967 8798. Lighthouse FX, 13 August 2018