Business FX Case Studies - Importer Spot
Linda owns a giftware store in inner Melbourne. She attends trade shows around the world and has well-established relationships with suppliers in India and Thailand. She makes regular payments to her suppliers in US dollars and has been a customer with Bell FX for over four years.
How did you find out about Bell FX?
I’ve known one of the dealers there for years. He is very good at what he does and just makes the whole business easy.
Can you tell us about the extent of your foreign exchange dealings?
I’d say about 80% of the product in my shop is imported. While my regular suppliers would obviously provide much of my homewares in any year I could use up to thirty different suppliers.
How do you find dealing with Bell FX?
Great. I’ve obviously gotten to know the staff there really well, they are very professional and the rates I have received have been very competitive. We’ve set up each supplier’s bank account details as a standard settlement, which makes the whole settlement process easier. My suppliers are happy because they know they get paid on time and the funds go straight into their account. Obviously we’ve had to make it easy for new suppliers as they come onboard, which Bell FX has done.
Any thoughts for other importers?
It doesn’t hurt to shop around. If you are in any doubt about your forex dealing, try Bell FX because they are focused on service and their rates very competitive
Call Bell FX today on 1800 003 815.