As the business world continues to shrink and more deal are transacted across borders, more and more businesses have to learn how to send a receive payments internationally. While it may seem easy just to use your current banking system, it could also put your accounting teams in a situation where they are constantly trying to track and reconcile payments. Not to mention, you could be waiting for a much-needed payment as it makes its way through a cumbersome process.
Luckily it doesn’t have to be this way. There are tech-based solutions that make receiving international payments from customers a hassle-free process while reducing costs, eliminating payment errors and saving time.
With TransferMate, businesses can have customers pay in their local currency abroad directly to TransferMate and TransferMate delivers the payment same day/next day in your home currency.
If you, or your business, are finding paying overseas suppliers or receiving funds from foreign businesses complicated, costly and time consuming, check out this infographic to see the simple steps to streamlining this process…and how much you can save!