Non-bank Foreign Exchange Companies

Non-bank adopted barter companies action bill barter and all-embracing payments to clandestine individuals and companies. These are aswell accepted as adopted barter brokers but are audible in that they do not action abstract trading but bill barter with payments. I.e., there is usually a concrete supply of bill to a coffer account.

It is estimated that in the UK, 14% of bill transfers/payments are fabricated via Adopted Barter Companies. These companies' affairs point is usually that they will action bigger barter ante or cheaper payments than the customer's bank. These companies alter from Money Transfer/Remittance Companies in that they about action higher-value services.

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