Hospitality and Tourism
VBCE offers both cash-based and non-cash based services to businesses in the travel industry. VBCE can email daily exchange rates to clients in the hospitality industry so they can set their own exchange rates for their patrons. Hospitality and tourism clients can contact a VBCE trader to place their foreign exchange requests. The trader will confirm the exchange rate(s) and make arrangements for transaction settlement.
Transaction types:
1.) VBCE purchases foreign banknotes and travelers cheques in exchange for a CAD cheque payable back to the hotel or travel agency. VBCE provides a free delivery service in most circumstances.
2.) VBCE sells foreign currency wire payments and / or foreign currency drafts. The exchange rates are volume dependant and are generally even better than the cash rates posted on VBCE’s website. VBCE will provide a delivery service and / or provide an email or fax confirmation of the wire payment(s).
3.) VBCE purchases foreign currency drafts and / or incoming wire transfers. The client will receive corporate exchange rates and settlement.