MAKING A PAYMENT FOR YOUR COURSE
Peak Leaders is based in Switzerland and part of Element Concept SARL, a Swiss company.
So the first thing is that you need to know is that we don’t have a bank account in the UK – we aren’t allowed to have one as a Swiss company.
But we do have Swiss accounts that are in either Swiss Francs or in British Pounds. So you can pay in either currency easily.
We can also take credit card payments but we strongly recommend against this – see below.
Your payment schedule
Upon booking we ask for 10% of the course fee. But if you are ready then you can pay the full fee in one transaction and that might be more economical depending on your banks charges (see below).
If you pay a deposit, we then ask for the remainder to be paid 12 weeks before the course starts. That’s because around that time start having to make payments for the course costs in advance.
Naturally we are happy to be flexible so if you would prefer to pay in instalments or the 12 week date isn’t convenient for you, just contact us and we can arrange something that works better.
Paying by bank transfer
This is the most popular way to pay and also the easiest. Most people use online banking but your branch will often be able to help.
Depending on your invoice, you will have an amount to pay in either CHF or GBP.
It’s vital that you only pay in the currency that your invoice specifies. So please don’t transfer Swiss Francs if your invoice is for British Pounds – or vice versa.
That’s because the bank will make two currency exchanges and the amount that arrives in our account will be significantly less than the amount you sent.
As always, if you aren’t certain just get in touch.
Some banks do have large fees for international transfers, some only charge a couple of pounds or dollars. We have found it can vary hugely from bank to bank, and country to country.
If you encounter any problems please let us know ad we will do our best to find a solution.
Not paying from a GBP account?
If you are paying from an account in a currency other than British Pounds it’s usually easiest to pay in Swiss Francs. If you don’t already have invoice in CHF please let us know.
Also some countries banking doesn’t like paying a Swiss bank in GBP – so another reason to get your invoice switched to CHF.
Paying by credit card
If you would like to pay by credit card we can certainly take the payment but we have a few things we need to explain.
First of all is that, as we are a Swiss company, the credit card merchant currently only allows payments in CHF. So we will change the amount (if you have a GBP invoice) to Swiss Francs at the current exchange rate.
However, as it becomes a transaction between currencies we pay a high credit card fee of about 3% by the time the currency rate has been set by the credit card company (they don’t offer the current base rate, but something less favourable).
As a result we add a 3% surcharge to the total amount due. This is why we usually suggest a bank transfer as the costs are substantially lower – if indeed there are any.
We are aware that adding a surcharge is not normally allowed any longer under EU law, however a currency conversion fee is allowed in the event that the transfer is changing from one currency to another.
We do not like this situation as the only person who benefits is the credit card company. Hence we strongly recommend all payments are made via bank transfers.
THINK YOU MIGHT NEED THIS PAGE AGAIN…?
We appreciate that this might be useful information but you don’t need at this precise moment, but perhaps in a few days, weeks or months time.
But it’s easy to find, just type peakleaders.com/payments.
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