FX Rails AG provides payment services to businesses in Switzerland to facilitate the payment of supplier invoices in foreign currencies. We offer currency exchange and international payment processing to streamline cross-border transactions for our clients.
To use our services, businesses must create an account and complete our verification process. This includes providing:
We reserve the right to request additional documentation as needed to comply with regulatory requirements.
**Initiation**: Clients can initiate payments via our online platform or API integration. Payment instructions must include:
Exchange Rates: We provide real-time exchange rates at the time of transaction. Rates are locked in for 60 seconds to allow clients to confirm the transaction.
Fees: Our fee structure is as follows: - 0.5-1% of transaction value for currency exchange
Fees will be clearly displayed before transaction confirmation.
We will debit the client's designated account in local currency for the full payment amount plus applicable fees. Funds will be remitted to the supplier's account within 2-3 business days.
Clients can access transaction reports and payment confirmations through our online portal.
We adhere to all applicable Swiss financial regulations, including anti-money laundering laws. Clients agree to provide any information required for regulatory compliance.
All data is encrypted in transit and at rest. We utilize industry-standard security protocols to protect client and transaction information.
Our liability is limited to direct damages resulting from gross negligence or willful misconduct. We are not liable for any consequential or indirect damages.
The maximum liability for any single transaction is capped at the value of our fees for that transaction.
Either party may terminate the agreement with 30 days' written notice. We reserve the right to suspend or terminate services immediately in cases of suspected fraud or regulatory violations.
This agreement is governed by Swiss law. Any disputes shall be subject to the exclusive jurisdiction of the courts of Zurich, Switzerland.
By using our services, clients agree to these terms and conditions. We reserve the right to update these terms, with notice provided to clients 30 days in advance of any material changes.