August 13, 2019 — 6 min read
Buying a property overseas should be an exciting life milestone for your clients. Let XE take out some of the stress and financial burden of international payments for real estate by:
Saving your client money through bank fee avoidance and reasonable rates
Mitigating foreign exchange risk in times of volatile foreign exchange fluctuations
Providing user-friendly access to the latest exchange rates, transfers and alerts across desktop and mobile devices
XE empowers international real estate buyers and sellers by offering a secure channel for fast, reliable, and affordable money transfers of one of 65 currencies to over 140 countries around the world.
With global mobility growing in scope every day, more people are purchasing properties overseas in destinations like North American or European countries. What if you could extend your services and make the payment process simple and cheaper for your clients? Your clients will enjoy fee-free money transfers at bank-beating rates - XE clients regularly save significant amounts compared to the bank rates on offer.
We use enterprise-grade security and take the greatest care in ensuring the safety of XE Money Transfer. We are licensed by the Dept of Financial Services of the State of New York, Georgia Dept of Banking & Finance, and Massachusetts Divisions of Banks, and authorized to operate as a money transmitter in all United States jurisdictions.
We are regulated internationally by organizations like the US Financial Crimes Enforcement Network (FinCEN), FINTRAC in Canada, and the Financial Conduct Authority (FCA) in the UK.
Some of the kinds of real estate related transactions XE facilitates include:
Outright purchases of houses, condominiums, or commercial buildings. That's right - XE supports transactions worth hundreds of thousands or even millions of US dollars, British pounds, or your local currency equivalent.
Down payments on home purchases
Lease deposits of first and last month rent payments
Property maintenance remittances to service providers
XE is a proud member of the Euronet Worldwide (EEFT) group
XE.com receives over 300 million website visits annually and over 70 million app downloads.
XE has grown to be the world’s trusted currency authority, and its key business functions have been operating for over 25 years.
XE is globally regulated, with offices in 8 locations around the world. Our support teams offer world-class customer support clients and partners 24/5 across social media, email, and telephone channels.
Our easy-to-use platform provides clients with the ability to manage their international payments and minimize foreign exchange risk.
Real estate professionals fall into our "Introducer" category of partners. Considering how important your clients are to your business, it's essential you choose the right international payments partner. We're proud that hundreds of businesses including banks, estate agents and financial advisors recommend XE. Help your clients save time and money making international payments, recommend XE and benefit from:
Bank beating exchange rates and no fees from XE for your clients.
Access to a range of tools and widgets to enhance your website.
Proactive support and account management.
These instructions are written from the perspective of you acting as our referral partner for an international money transfer.
Step 1. Referrals - Refer your client(s) to XE and have them register through your unique partneraffiliate link.
Step 2. Registration - Have your client set up an account online or over the phone. It’s quick, free and easy. Some identification documentation is required.
Step 3. Request a Transfer Quote - Have your client tell us how much they are transferring, the currency and where to send it.
Step 4. Send XE your money - Once you’ve agreed on a transaction, send your domestic funds to the nearest XE bank account to you, and we’ll initiate the transfer from there.
Step 5 - Track Your Money- Keep up to date with the progress of your transaction onli0ne 24 hours a day, 7 days a week. We also send notifications via email and SMS so you know exactly where your money is, until just before it reaches your recipient's bank account. Unfortunately bank security does not allow XE visibility to when your recipient receives or withdraws the money in/from their account.
Banks often charge a transaction fee of up to 5% of the value of the international money transfer. That percentage often increases for larger transactions. Banks don't typically offer forward contracts or market orders for multiple simultaneous or incremental payments.
We've gathered some tips for buying properties overseas which you can share with your clients and prospects.
XE transfers often reach the recipient's bank faster than those that have to navigate between banks. When ever possible, XE uses our experience, powerful process automation tools and machine learning algorithms to find the fastest, safest, and most direct routes between banks. Our customer service associates are knowledgeable, experienced, and invested in the success of your client's online money transfer.
If you are a real estate broker, or another kind of professional services advisor, you'll find further information about our business partner programs on our blog. Or contact us today to arrange a discussion of your unique requirements.
Information about our financial services, advertising, technology and data partnerships can be gleaned from our website here.
The information, materials, accompanying literature and documentation available on our internet site is for information purposes only and is not intended as a solicitation for funds or a recommendation to trade. XE, its officers, employees and representatives accept no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.
While we take reasonable care to keep the information on the website accurate and up to date, there may be occasions when this is not possible. Case Studies and articles are not intended to predict future moves in exchange rates or constitute advice.
XE makes no representations, warranties, or assurances as to the accuracy or completeness of any information derived from third party sources. If you are in any doubt as to the suitability of any foreign exchange product that you are intending to purchase from XE, we recommend that you seek independent financial advice first.
For more information about XE, please click here: Regulatory Information