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Issues & Solutions Darren Connor

Join Darren Connor as he explores the complexities of international payments, focusing on issues such as currency fluctuations, hidden costs, and the unique considerations involved when buying property abroad. Learn how currency exchange specialists can provide competitive rates, risk management services, and same-day transfers. Understand the impact of different cultures and customs on real estate transactions, and discover partnership opportunities for realtors. This session aims to equip you with the necessary tools to navigate the international payment landscape effectively.

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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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