“Collaborating with TransferMate to bring Global Invoice Connect to market is a powerful demonstration of how partnership and collaborative design can result in real value for customers.”
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Alibaba and TransferMate are solving traditional payment headaches that plague the global ecommerce space. Get paid faster and eliminate fees to improve reconciliation and cash flow.
Receiving money from overseas can cause delays, incur handling fees, and cause a lot of complexity when reconciling invoices. Very often, the funds received do not match the invoiced amount. What does this mean for a business?
Delays receiving funds impact cash flow and lead to longer debtor days
Fees charged by intermediary banks to receive international payments mean the amount billed often does not equal the amount received
Accounts receivables teams spend a huge amount of time trying to track and trace payments, missing reference numbers and mismatched funds
See how TransferMate’s receivables solution simplifies accounts receivables and mass collections.
Upload one file to request up to 10,000 payments at once in multiple currencies
Calculate how much you could save with Transfermate Global Payments
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Our automated solution reduces the admin time spent reconciling payments and recording invoices on multiple platforms.
Customers like paying in their local currency and are happier when making a payment isn’t a headache.
Our network of payment rails allows for same-day payments in many cases and receipt confirmations.
Our payments networks allows customers to avoid costly bank fees and FX markup.
“Collaborating with TransferMate to bring Global Invoice Connect to market is a powerful demonstration of how partnership and collaborative design can result in real value for customers.”
“The students have found that by using TransferMate to transfer payment of tuition fees, not only is it easier and more efficient, they receive an immediate official receipt of payment.”
“Before using TransferMate’s receivable solution, this process was very manual and susceptible to errors. Using TransferMate’s mass payment facility, we can process hundreds of invoices in multiple currencies.”
Use bulk payments to make up to 10,000 payments to employees or partners with a single click