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PACE Frequently Asked Questions

Pace Financial Group

Who is PACE Financial Group?
PACE is a UK registered private limited company. PACE specialises in providing a secure, online, international bill collection service for the holiday ownership, fractional and marine industries.

How secure is my transaction?
PACE takes security of funds very seriously and therefore we employ the very latest in anti-fraud and secure online payment technologies. To ensure the security of our client’s money and data we partner with some of the world’s leading online payments solutions providers. These include Moneybookers Ltd and Retail Decisions Ltd. Moneybookers Ltd has processed in excess of €14bn of online payments to date and is FSA regulated Retail Decisions Ltd software touches over 10bn transactions annually and clients include Tesco, Wal-Mart, Shell, Virgin Mobile, O2

Is PACE Regulated?
Yes. PACE is regulated by HM Revenue and Customs. Under the Money Laundering Regulations 2003, commercial foreign exchange companies are treated as "Money Service Businesses" which are covered by regulations administered by HM Revenue and Customs. Activities falling within the scope of Money Service Businesses include the operations of bureau de change, transmission of money by any means and the cashing of third party cheques. PACE Financial Group holds a certificate of registration for Money Laundering Regulation (MLR). Registration number: 12531759.

Will I save money by paying through the PACE system?
At heart the PACE software is a secure online foreign exchange platform enabling a client to settle a foreign bill in their domestic currency. Banks traditionally offer poor rates of exchange on low value currency transactions, coupled with high transmission fees. PACE is able to provide better than bank rates of exchange and exceptionally low transaction fees courtesy of its bulk buying power. Savings will vary depending on the comparable charges and rates applied by your bank. In addition you have the convenience of paying your bill from the comfort of your home via the secure online system. I can’t locate my bill If you cannot locate your bill using the search fields please contact the resort directly and they will be able to assist you.