B2B Cross border payments are more expensive and Businesses continue to loose $150 b yearly of fees and Fx margin, it can take longer to process than domestic payments due to the increased number of parties involved. Typically, international payments take two to five working days to clear, depending on the number of intermediary banks the funds need to pass through,
Does the businesses know who is giving the best exchange rate for cross-border payments?
Every Provider claims to give the best Fx rate and offer savings compared to Bank rate, but how does any business know who is the best Fx rate provider? How long will the Cross-border payments take to be delivered to beneficiaries? Is there a single portal which can give answers to all the above questions? Do the Businesses explore possibilities for Savings on such transfers?
Well, Fairexpay has the answers to all the above questions, it is a B2B Cross border aggregator platform available in Web app and API with Integration to SAP/any ERP which can integrate with any financial application. It has Top 10 Global Providers on its platform and covers payments to 200 countries and 130+ currencies. Fairexpay also provides transparent rates, savings, bidding options which helps businesses for their Vendor Payments, Intercompany payments, Cross border E Commerce settlements, Global Payroll etc
Fairexpay has "be one solutions" as its Global SAP Deployment partner. Please visit www.fairexpay.com or email our savings expert [email protected] for a 120day free trial access to realize the savings & efficiencies.
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