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Issues & Solutions Darren Connor

International payments. Issues & Solutions Darren Connor. Agenda. International payments – issues Currency fluctuations Hidden costs Other considerations Currency exchange specialists Services offered Working with Realtors Questions?. International payments - issues.

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Issues & Solutions Darren Connor

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  1. International payments Issues & Solutions Darren Connor

  2. Agenda • International payments – issues • Currency fluctuations • Hidden costs • Other considerations • Currency exchange specialists • Services offered • Working with Realtors • Questions? 1

  3. International payments - issues • Need to exchange currency – how easy is this? • Europe - 48 countries & 26 own currency • Russia – 9th largest economy in the world, Ruble not easily traded • 25% of all foreign buyers in USA are from Europe and Russia • Reason for buying? Strength of domestic currency against USD 2

  4. Currency Fluctuations – EUR/USD 3

  5. Currency Fluctuations – EUR/USD 4

  6. Hidden cost Interbank price EUR/USD = 1.3140 Difference of €1212 between providers 5

  7. Other considerations? • Hello/Hola/Bonjour/Здравствуйте • Culture and customs • Different process when buying a property • Legalities • Getting funds out of their country 6

  8. solutions • Currency exchange specialists • Competitive exchange rates • Risk management services • Same day transfers • Security • Ease of use 7

  9. How it works 8

  10. Working with Realtors • Referring Partnership program • Account Manager • Marketing materials • 15% referral fees – compliant with RESPA 9

  11. Questions? 10

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