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.
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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 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.
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.
Is there a payroll service?
There is no integrated payroll or tax service, but the platform can be used to process payroll payments.
How ACH payments work?
Aside from the Automated Clearing House network (which connects all the banks in the United States), there are three other players involved in ACH payments: The Originating Depository Financial Institution (ODFI) is the banking institution that ...