The common and forgotten pitfalls of receiving international payments

Editor’s Note: This is the first part of our blog series on international receivables. Check back next week for more insights. A growing business has just made its first sale to a new customer in Singapore. It’s a big deal because the company has been working on attracting clients in Asia for quite a while. They sent the customer an invoice and they’re waiting for the funds to hit their bank account. They’ve been waiting a while. The big day finally comes, but something is not right. The amount deposited…

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TransferMate partners with Global Payroll Association on cross-border webinar

TransferMate will host a webinar with the Global Payroll Association to address some of the most pressing issues for international payroll. Paying international employees often requires opening local bank accounts in each office location, each with their own fees, and using payroll vendors in each country, each with their own processes. This can add significant costs to an organisation, including bank charges, wire transfer fees and FX rates – not to mention, additional admin time reconciling multiple payments from multiple bank accounts. TransferMate’s Chief Product Officer, Gary Conroy, will lead…

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Managing education payments and refunds during coronavirus

There are a number of industries across the globe impacted by COVID-19, but educational institutions are quickly pivoting to adapt to their new normal of remote learning, or postponing some education. Many educational institutions around the globe have cancelled on-campus classes and activities, moving some classrooms online. For students, this means not returning to campus and not utilizing dormitories or services they previously paid for. For educational institutions, this situations leads to two activities when it comes to payments: Continuing to receive payments from students as they move instruction online…

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TransferMate COVID-19 Preparedness

TransferMate COVID-19 Preparedness

The global spread of COVID-19 has generated concerns across the financial services industry in relation to service continuity and availability. It is therefore important that the partners and customers of TransferMate have confidence in our capabilities to provide ongoing services and support throughout this, or any other crisis. We would like to inform you that TransferMate has a comprehensive business continuity plan in place. Crisis management actions have already been implemented and we continue to monitor the situation closely. Please review the frequently asked questions below for additional information or…

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How transparent and efficient payment processing saved a global insurance company time and money

There are many apps out there aiming to improve business efficiencies, but few of them can back it up with actual cost savings from the time saved. That can be one of the hardest things to validate when companies are evaluating possible solutions in the market. Then, even if that cost savings is evident, are there other companies that have had success with the product and continue to use it? When it comes to managing and paying international invoices on one platform, PaymentsHub is validated and proven. PaymentsHub – from…

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