How does the platform handle cross-border payments?
The platform allows international payments to be sent into a wallet in USD. It simplifies the process by eliminating the need for submitting forms to banks.
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How does the platform ensure seamless cross-border transactions?
The platform streamlines cross-border payments by allowing businesses to receive payments from international clients, convert funds into USD, and transfer the funds to any U.S. bank account without the need for complex banking procedures.
What service is needed for cross-border payments?
A payment solution that supports cross-border transactions, enabling international payments to be received in a single currency, such as USD, without the need for complex paperwork and lengthy bank procedures.
What is the pricing structure for cross-border payments?
For international payments, the platform charges $25 per transaction. Domestic ACH payments incur a $2 fee, and sending payments to vendors via ACH or wire transfer is charged at $5 per transaction.
What are the next steps to start using the platform?
Businesses can sign up for an account, complete the one-time verification process, and add a bank account. Once this setup is complete, they can start receiving payments and use the platform for cross-border transactions.
How does the platform support business account setup and international payments?
After verification, the user will be able to link a business bank account and use it for processing international payments. The platform facilitates transactions and offers support in the account setup process.