Edger Case Study

Industry & Location: Garden accessories company based in Poland.

Benefits: TransferGo provided Edger with a solution to transfer money from Poland to China, eliminating high bank fees and allowing the company to take advantage of better exchange rates.

“We had trouble finding a company that sends transfers from Poland to China. Traditional bank fees were very high and the rates weren’t favourable, so we looked for an alternative and found TransferGo. Now our transfers are faster and cheaper, which allows us to invest more in the development of our company.” Michał Chrzęszczyk, CEO of Edger

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About Edger

Edger is a Polish company that specialises in the production and sale of garden accessories. It initially operated in Great Britain, where it imported and sold Polish products but when the pandemic caused significant market changes, the company’s owners decided to open a new business in Poland and focus on their own production.

Thanks to investments in modern production machines imported from China, Edger has been able to begin independent production of garden accessories, which has allowed it to flexibly adapt to growing market trends and needs. Currently, the business sells mainly through Allegro and other European sales platforms, gradually expanding its market presence.

Challenges

Summary: High fees, uncompetitive exchange rates.

Once Edger commenced production in Poland, it had to regularly pay machine suppliers in China. Unfortunately, traditional banks charged high commissions and the exchange rates weren’t favourable. Finding a financial services provider that would enable efficient and inexpensive transfers between Poland and China was also a problem.

Solution

In a bid to avoid the high costs associated with money transfers to China, Edger began searching for an alternative solution. That’s when it came across TransferGo. After analysing other competitors, it turned out that the TransferGo platform offered the best deal. The fees were lower, the exchange rates were attractive and there were no complicated procedures.

Results

From the very beginning, Edger was looking for a solution that would allow them to make transfers to China at the lowest possible cost. TransferGo quickly turned out to be the best option, offering low fees and competitive exchange rates.

The TransferGo platform allowed Edger to avoid the high costs associated with using other payment methods. This allowed the company to allocate more funds to development and the purchase of new machines without losing money on unfavourable currency conversions or hidden commissions.

“We’re constantly developing and investing in new machines from China and thanks to TransferGo, we’re confident that we’re not overpaying for transfers,” says Michał Chszęszczyk.

Edger continues to develop its business and regularly invests in new machines and improvements to production processes. TransferGo remains an important tool in the implementation of international transfers, providing the company with favourable financial conditions. Low fees and attractive exchange rates enable optimal cost management, highlighting TransferGo as a proven fantastic solution for Edger.

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