Discover PropertyPay – the future of property completions

As lawyers, notaries and estate agents in Spain are very aware, managing international payments for property completions can be complex, involving multiple parties and intricate procedures.

For your clients, there’s also the factor of the fees involved. With most banks charging up to 0.6% to process money from overseas and an additional 0.6% for raising a Banker’s Draft to complete the property purchase, the costs can be significant. 

PropertyPay is a revolutionary new process, that not only helps your clients avoid these costs but also simplifies and expedites the process for you.

PropertyPay is a free, secure and 100% digital service, offering instant fund guarantees and disbursements* between buyers and sellers – unlike conventional methods that can take many days to obtain cleared funds – and eliminates the need for bank visits by streamlining the end-to-end payments process.  

Another key advantage of PropertyPay is the ability to transfer funds directly to the seller’s Currencies Direct account, bypassing the need to go through a lawyer’s, notary’s or estate agent’s bank account.

Maggie is just one of the clients who have benefited from utilising PropertyPay:

‘Having recently purchased an investment property, I was delighted with the new purchasing process offered by Currencies Direct. Not having to pay to raise a bankers draft saved both myself and the vendor money. Just being able to put the funds into my Currencies Direct wallet and transfer it directly to the vendors Currencies Direct wallet at the time of signing, made things so simple. The vendor received his money within 15 minutes! With the increase in cybercrime, I felt this was a very safe way of moving money, rather than having to transfer the funds to my lawyer who then forwards it on again. Would highly recommend this service.’

Your clients’ property. Our solution

Discover PropertyPay and access the following benefits:

• Complete convenience: PropertyPay is a completely digital service. This removes the requirement for local bank accounts, while also reducing paperwork and reporting – saving you a lot of time and stress in the process.
• Time saving: Our solution means you won’t have to handle bankers’ drafts – so no need to visit the bank to raise or deposit them, or to provide Power of Attorney – saving you a significant amount of time during every completion you support.  
• Direct transfers: With PropertyPay funds are kept solely in client accounts, allowing direct transfers from buyer to seller, and eliminating the need for third parties like lawyers, notaries and estate agents to handle funds.
• Provided by a Regulated Financial Institution: We’re authorised by the Bank of Spain and SEPBLAC – funds always remain in client accounts and are handled according to strict regulatory standards.
• Enhanced service offering: The added convenience and efficiency of PropertyPay can help you to attract new clients and set you apart from competitors.

If you want to find out more about how you can access PropertyPay, email: propertypay@currenciesdirect.com.

*The transfer of funds between buyer and seller can be instant if both have an account with Currencies Direct Spain, E.D.E., S.L.