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Rate Alert

If your business has to make multiple international payments regularly, finding a foreign exchange rate alert API will optimize your transfer timing, resulting in significant savings. A rate alert will allow you to indicate your realistic, preferred exchange rate on a specific currency pair and be notified once it hits your mark. It can save you time and effort as you won’t have to manually check the markets.

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Innovation
By applying a rate alert feature through your preferred payment provider, you can go about your daily business. You don’t have to check the markets every few hours as you can rest assured the API will do that for you and alert you. It saves you valuable time.
Efficiency
By applying a rate alert feature through your preferred payment provider, you can go about your daily business. You don’t have to check the markets every few hours as you can rest assured the API will do that for you and alert you. It saves you valuable time.
Saving Money
Exchange rates are volatile. If you can set up a rate alert, it can save you from unnecessary losses due to sudden currency fluctuations. You can also always maximize your payment value as you instantly pay when it hits your preferred rate.
Benefits
The benefits are straightforward. You save both time and money. With advanced payment systems, you can also set up future payments with the rate alert API that releases your amounts as soon as the targeted price hits the market.
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Companies offering good rate alert features

XE

XE logo
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The XE Rate Alert is an excellent feature that lets you make payments at your preferred exchange rate on any two currency pairs. XE still uses mid-market prices, which is the halfway mark between supply and demand. You can download the XE app on your mobile device to receive a text alert together with an email. It ensures users never miss a notification and the opportunity to make a payment at a preferred rate.

Currencies Direct

CD logo
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The Rate Alert feature is quick to install on your Currencies Direct app. Once the market reaches your preferred rate, you will receive an email and an SMS. They offer dedicated account managers to help customers make informed rate choices for international transfers. Currencies Direct specializes in large transfers.

CD business-screenshot

ofx

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The OFX rate alert will allow you to set up various notifications for all the currency pairs you want to be monitored. As soon as any specific pair hits your preferred rate, you will be notified by email and SMS. The OFX rate alerts are set up for the current market price, and you can transfer at the customer rate offered.

Worldfirst

worldfirst logo
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You can use this service from Worldfirst without being a registered user on their platform. You can fill in a simple online form and be notified as soon as the market reaches your preferred rate on the currency pair. Worldfirst will inform you via email or SMS, and the service is free.

Worldfirst business-screenshot

Summary

Modern-day payment providers offer multiple APIs that automate and validate exchange rate monitoring, saving time and money. The rate alert itself is mostly a free service incorporated in your overall package and won’t cost you additional fees to use. Go To Full Comparison