Freemarket

Freemarket works with small and medium businesses in 100+ countries to provide quick and easy cross-border payments and low exchange rates.

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Freemarket is a UK company with a global presence. It works with small and medium businesses in 100+ countries to provide quick and easy cross-border payments and low exchange rates in 40+ currencies.

It helps develop businesses by offering a multitude of services, including foreign exchange, peer-to-peer (P2P) exchange, cross-border payments, business-to-business (B2B) payments, and other financial services and fintech solutions.

What is Freemarket?

The company was established in 2010 and is based in London, UK. Freemarket is a financial services company that offers small and medium enterprises a better chance at growth in today’s competitive market. The company is present in over 100+ countries and offers competitive exchange rates in 40+ currencies.

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Freemarket is easy-to-use
Through its single API-enabled connection point, client companies can reach new, geographically distant markets and currencies and expand their global presence. Freemarket’s platform gives businesses access to the company’s global bank network and innovative technology. This way, it helps them streamline and simplify their processes, making them more efficient and cost-effective at the same time.

Moving money around the world has never been easier with Freemarket. Customers get access to banking partners fit for their own needs and can also count on fast onboarding and outstanding compliance-monitoring capabilities. Lastly, Freemarket provides access to major payment networks, including SWIFT, UKFP, SEPA, CHAPS, and BACS, to allow seamless pay-ins, pay-outs and currency exchange transactions.

Facts

Freemarket logo small og24

Payment TypePayment gateway
HeadquartersLondon, United Kingdom
Launched2010

Pros

  • 100+ countries and 40+ currencies
  • Competitive exchange rates
  • Access to SWIFT, UKFP, SEPA, CHAPS, and BACS

Cons

  • Limited number of Freemarket online casinos

How to Deposit with Freemarket?

To deposit money using Freemarket, log into your favorite casino and go to their cashier page to see the available deposit methods. When you pick Freemarket, an additional window will open, offering a list of banks available through the payment gateway. Choose your bank, log into the account, enter the amount you want to deposit and complete the transaction. Your money should be available to you shortly.

How to Withdraw with Freemarket?

Withdrawing money using Freemarket is very much the same as depositing and equally simple. Again, you need to go to your casino’s cashier and click on Freemarket. Select your bank, log into your account, type in the amount of money you want to withdraw, and finalize your transaction.

FAQ

Freemarket is a UK company which provides various financial services including currency exchange and P2P and B2B cross-border payments in 40+ currencies.

Many online casinos use Freemarket as their payment gateway. To check whether your favorite online casino is one of them, get in touch with the casino’s customer service.

Freemarket changes only one fee on the transaction amount. To check Freemarket’s fees, log into your FMFX account and go to Balances. The service fee will be displayed after you have selected the desired transaction.

Transfer Time and Fees

Though depositing with Freemarket is nearly instant, withdrawing will almost certainly take more time. This is largely due to how long it takes your online casino to process your cash-out request as well as your bank, which usually handles casino transactions in one to five days.

Deposit and withdrawal fees depend on several factors, including your casino and your bank, and, in this case, the payment gateway. Your casino’s cashier should contain information about the fees related to your selected payment method.

Security

Freemarket is an FCA-authorized and regulated company, which means clients can count on a high degree of protection. The company has FCA PSD2-compliant two-factor authentication, an additional layer of security that ensures the safety of online accounts.

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