How this eCommerce store saved 3% on FX fees with Cape
October 13, 2022
If you're an eCommerce store that needs capital to buy stock and is sick of paying hefty FX fees on your SaaS subscriptions, you'll find this case study interesting.
Scott Lawson, the Founder of handmade jewellery brand Luna Tide, shares how Cape has helped his eCommerce business remove fees and access the money they need to grow.
Who is Luna Tide?
Luna Tide is an Australian handmade gemstone crystal jewellery business. Their jewellery is made to order with 30+ different genuine gemstones and jewellery made in a choice of gold, silver, rose gold, steel or bronze. They ship worldwide from their studio on the Gold Coast.
Here's what Scott had to say about his experience with Cape:
What results have you seen from using Cape?
“Cape has helped our ecomm business, Luna Tide save tons of money on FX fees.
We manage a range of SaaS subscriptions that charge us in a foreign currency, such as Shopify and Klaviyo. With our previous card provider, we were paying around 3% for those transactions - with Cape; it’s nothing. A huge money saver!
It’s also given us access to the funds we need to buy supplies/stock from online marketplaces instead of waiting until we have the cash on hand. Having a credit facility that isn't on a prepaid/debit card means that the Cape card is accepted everywhere.” Scott Lawson
Was it easy to get started?
“The Cape onboarding process was smooth. It was quick to get set up, the dashboard is easy to use, and our account manager is responsive. All around, a great experience.” Scott Lawson
We have a solution to meet your needs today and as you scale and grow.
*Standard Credit Terms
Your credit limit is subject to credit approval. FX fees are free on foreign currency transactions up to $50,000, but this limit varies depending on your plan. Plans start at $39.99 per month and vary depending on the size of the facility you have and the features you use. By expressing interest, there is no guarantee that you will be approved for a corporate credit card.
Acknowledgement of country
Cape acknowledges the deep connections of Aboriginal and Torres Strait Islander communities to Country. We pay our respects to the Traditional Owners of the lands of our team and customers across Australia. We recognise the continuing contributions of indigenous communities in Australia and around the world. We pay respect to all Aboriginal and Torres Strait Islander Elders, both past and present and are committed to continually learning from these powerful traditions as individuals and as a wider team.
Cape is a trading name of Cape Pty Ltd. We are registered in Australia (Australian Business Number 83 654 770 199). Our registered office address is ACS Harbour City Labs, Level 27, Tower 1/100 Barangaroo Ave, Barangaroo, NSW 2000