Introducing Zelle® Support for US-Based Payees
At MassPay, we are always striving to make your payees' experience with us as smooth and efficient as possible.
2 min read
Jeff Katz
:
Aug 22, 2023 9:06:00 AM
Cross-border payouts, or the act of transferring money internationally, is an essential practice in today's interconnected global economy. Whether it's for businesses paying overseas employees, contractors, or partners, eCommerce / gig / creator platforms paying sellers and creators, cross-border payouts are a daily reality.
However, managing international payouts is not a simple task. It is fraught with complexities due to several factors.
Let's explore the labyrinth and unravel why cross-border payouts are so complex, and how payout orchestration platforms can turn this complex journey into a walk in the park.
To manage this labyrinth of complexities, businesses are now turning to payout orchestration platforms. These platforms serve as a powerful guide, providing several key solutions:
Cross-border payouts are indeed a complex labyrinth, entangled with diverse currencies, regulatory constraints, varying local payment methods, FX risks, and elaborate tracking and reconciliation processes.
However, payout orchestration platforms, designed to manage this complexity, provide an abstracted, simplified pathway through comprehensive platforms and, most importantly, APIs.
Businesses can now scale their global payout operations without the maze-like intricacies, making what was once a complex journey a smooth and streamlined operation.
At MassPay, we are always striving to make your payees' experience with us as smooth and efficient as possible.
Traditional payment systems are constantly being challenged by innovative, more convenient, and sometimes cheaper alternatives. As these alternative...
Small and Medium-sized Businesses (SMBs) are increasingly shifting towards payout orchestration platforms.