Mercantile Exchange is a boutique-style brokerage – not a bank
We provide tailored services to our clients. Whenever you need us you can count on immediate access to Mercantile’s knowledge, information and deep expertise.
Your payment solutions will be fast, secure and easy to implement. You will consistently deliver to your clients or suppliers more quickly, cost-effectively and painlessly.
Anticipate a personal touch with us.
Personalized, Ongoing Relationships and Service from Seasoned Experts
Today’s fast moving business environment demands your organization remains responsive and ahead of trends. As a specialized and experienced financial institution, Mercantile Exchange can offer this competitive edge in the marketplace.
We provide a dedicated currency trader who will work directly with you – understanding your business in order to create currency and payment solutions that match your cross-border business needs.
Which Currency Exchange or Payment Service Do You Need?
SPOT ORDERS – MONEY WHEN YOU NEED IT
A spot order is an order for foreign currency that you need right now to fulfill an invoice or make a payment to a supplier. Spot simply refers to buying money on the spot. Such orders can be settled the same day, or anytime within the next 48 hours.
Call to place an order with your dedicated currency trader, who will buy the currency for you and help you obtain the best possible rate
Our broad range of payment options means we can arrange settlement quickly and efficiently in order to expedite your payments.
With Mercantile Exchange, you can send the currency directly to your supplier or client – or have the currency deposited into your account so you can disburse the funds at your convenience.
Lock in Your Rates; Be Certain About Your Future Costs and Profits
With a forward contract, you can purchase a foreign currency for a future date. Your forward contract helps you to project – and protect – your future costs for purchases, and revenues for sales.
Forward contracts can be booked out as far as 12 months.
Less risk – more predictability on the cost side of doing business.
Let’s say you have a USD dollar invoice due in September but it is only April. By buying a forward contract, you can lock into an exchange rate.
What’s so great about that?
You will know the final cost of a foreign purchase without having to worry about fluctuating currency exchange.
Cost projections are more accurate. No need to worry about volatile currency fluctuations.
Choose When to Execute an Open Window Forward Contract
You can also purchase a forward contract with an open window. With an open window, you can choose when to execute – offering you even more flexibility and security for making global foreign currency payments.
GLOBAL PAYMENTS – AFFORDABLE, SEAMLESS PAYMENTS WORLDWIDE
Our Global Payments process can get your money anywhere – when you need it.
Do you have lots of small invoices due all over the world? A few large invoices payable in little-known markets?
Whether it is across the globe or just over the border choosing the right settlement method ensures your funds arrive quickly and safely.
Mercantile Exchange has access to over 200 countries. With our expertise and network of beneficiary banks, we can ensure that your funds arrive quickly and securely. You will immediately get an email confirmation that funds are on the way to provide you and your beneficiary peace of mind.
WHEN YOU COMBINE GLOBAL PAYMENTS AND FOREIGN CURRENCY EXCHANGE SERVICES – YOU SAVE TIME AND MONEY.
Use our foreign currency exchange service together with global payment services and send the funds directly from you to your beneficiary or supplier. It couldn’t be easier or faster.
Mercantile Exchange’s global payments consistently cost our clients less than any bank.
Find out how.
MARKET ORDERS – PEACE OF MIND WHEN MARKETS ARE VOLATILE
Market orders give you the opportunity to take advantage of buying opportunities when currency markets are volatile.
Placing an order with your currency trader can help you to meet your target rate even when markets are volatile, since your order is constantly monitored.
When you place a market order at a rate you choose, we will watch the market and automatically buy or sell the currency for you at your target rate if/when the market hits it. Let us do the work for you while you focus on your other priorities – that way you will get the rate you are looking for without having to spend your time constantly monitoring exchange rates.
Let your dedicated currency trader know when an upcoming invoice is due, and they will be pleased to discuss current market conditions and how upcoming economic events may create opportunities for you to save on your exchange costs.
We can even place overnight orders that will be automatically filled on other exchanges when Mercantile is closed.
If your rate has not reached when your order expires, your currency trader will reach out to you. You can then decide if you want the funds immediately, at the best possible rate.
MERCANTILE ONLINE – MANAGE YOUR GLOBAL BUSINESS – YOUR WAY
Our clients who want to save money and use a hands-on approach to handling foreign currency and global payments use our Mercantile Online service.
Perform all the transactions our traders do
With Mercantile Online, your Accounts Payable department, accountant or bookkeeper have online access to buy and sell currency and send payments or transfer funds 24/7.
Set up accounts in multiple currencies free of charge and send international wires 24 hours a day, 7 days a week.
START BY SETTING UP A MERCANTILE ONLINE ACCOUNT – FREE OF CHARGE.
WORK WITH YOUR TRADER TO CREATE WIRE TRANSFER TEMPLATES WITH EASE.
SEND THEM ANYWHERE, ANYTIME, IN ANY CURRENCY.
SEND INSTANT E-MAIL CONFIRMATIONS TO YOU AND YOUR BENEFICIARIES.
RECEIVE AND MAINTAIN BALANCES IN AS MANY DIFFERENT CURRENCIES AS YOU LIKE, AND CONVERT THEM ONLY WHEN THE EXCHANGE RATE IS FAVORABLE TO YOU.
INSTRUCT YOUR CLIENTS OVERSEAS TO SEND THEIR PAYMENTS DIRECTLY TO YOUR FREE MERCANTILE ONLINE ACCOUNT.
HOLD FUNDS ON DEPOSIT, AS LONG AS YOU WISH, UNTIL YOU HAVE THE NEED TO USE IT.
Develop a strategy, then execute
Your dedicated currency trader has one goal – to ensure your business succeeds in your chosen market.
Your trader is always just a phone call away. They will help you develop a proactive FX strategy and ensure you are protected every step of the way, and Mercantile Online is there to help you execute on that strategy quickly and easily, 24/7.