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The following rates are interbank rates. This is the rate at which banks buy and sell money from each other. These rates are not available to private individuals or small to medium companies. They are therefore provided for indicative purposes only. For a quote please phone our team.

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Background

Wayfair is one of the world’s largest online destinations for home décor and ideas. Through technology and innovation, Wayfair makes it possible for shoppers to quickly and easily find exactly what they want from a selection of more than 18 million items across home furnishings, décor, home improvement, homewares and more. Wayfair has 10,000+ employees to help service its global market.

Challenge

Wayfair sought an integrated payroll solution via their WorkDay platform payments on a monthly basis.

Wayfair was faced with the possibility of undertaking integrations with multiple payment providers across the world, presenting a costly technology build whilst maintaining relationships with multiple payment providers.

Solution

TransferMate proposed their Global Payables solution to Wayfair.

Through TransferMate’s API solution, combined with its global regulatory and local bank account network across all the countries, Wayfair achieved complete integration with their WorkDay platform. This ensured their staff received payments in their local country around the world via one consolidated technology interface.

Notification

Use bulk payments to make up to 10,000 payments to employees or partners with a single click