Multi-Currency Mass Payments At Lightning Speed Are Changing How Business is Done
The Marketplace Economy
The marketplace economy has been exploding recently. Starting from basic online retail 15 years ago, to modern ride-sharing, the online marketplace business is evolving every year. Online marketplaces predicted to own 40% of the global ecommerce market by 2020. With low barriers to entry, the marketplace business model works.
Lack of Mass Payment Options
What doesn’t seem to work for these businesses are the payment options. Mass payment solutions are few and far between. Most payment service providers are surprisingly not focused on marketplace payment solutions. The banks don’t offer any viable mass payment options either. Think for a second about an eBay without a convenient way for a customer to pay for a product they buy. The business would cease to exist.
Most payment service providers however have outdated processes, causing businesses hours of labor time to make mass payments. A typical payment process for a marketplace takes multiple hours of data entry time which in many cases has to be repeated every time a payment is made. So what’s a marketplace business to do?
The Mass Payment Solution
Enter TransferMate. We have a mass payment platform capable of processing ten thousand (10,000) payments at a time. Once you send us the batch file, the rest of the work is done by us. That’s right. Hours of labor savings for your accounting and finance teams. Have your team focus on your marketplace business, and let TransferMate take care of the mass payments.
You can pay in any currency, track your payments in real-time online, and get better rates than what your bank what give you. Did I mention, you can do all this from the comfort of your own office? No need to go to the bank and to fill out endless forms. Your batch file is uploaded in seconds and payments are scheduled at your desired time.
We also have account managers available to help answer any questions, 24 hours per day. TransferMate makes mass payments easy. That’s what we are here to do. So talk to us about your mass payments pain, and let us show you how we can solve it.