Introducing our new Payment Request Function

By on May 31st, 2017 in Editorial, FinTech, Foreign Exchange, Press, Small Business Advice

Well, all that is about to change, as freemarket have designed our new Payment Request Function to help our customers avoid precisely that. So, how does it work?

Step 1:

You (the receiver of funds) log in to your freemarket platform and create a Payment Request.

Step 2:

Your customer (or sender of funds, whoever they may be) receives your Payment Request.

Step 3:

If they choose to accept, they will deposit funds into a freemarket escrow account. Once they’ve deposited their funds will be exchanged (if required) and settled to your freemarket account.

Step 4:

You withdraw funds to your own or a third-party beneficiary bank account.

Et voila! Simple and efficient, wouldn’t you agree? But there’s more – the Payment Request Function streamlines your payment processes and has a host of additional benefits including:

  • Ability to accept payments from customers locally and internationally at no additional cost
  • Faster processing times
  • Access to freemarket’s FCA certification and Tier 1 banking relationships
  • Customers have the flexibility to pay from an account of their choice, in a currency of their choice
  • Reduced overhead on internal resources

The Payment Request Function will be available on your freemarket platform in the very near future – we’ll be in touch when it goes live. In the meantime, if you have any questions feel free to contact your account manager, or email

Posted by

James is freemarket’s Chief Commercial Officer. He has a history of finding new ways to solve age-old financial challenges and was responsible for launching some of the first online money transfer and prepaid card initiatives in Europe.

Leave a Reply

Your email address will not be published. Required fields are marked *