Increase Sales with Local Bank Transfers

Save Money and Increase Sales with Local Bank Transfers
Merchants discover that offering local bank transfers as a payment option is an easy way to boost sales from international buyers who prefer to pay by bank transfer rather than credit card. 

Save Money on Payment Processing
Amazingly low flat rates.  Save even more money by eliminating cross-border and foreign exchange fees.

Expand International Market Reach
Capture new revenues from buyers who do not have credit cards.  In many countries, bank transfer is the most popular way to pay for purchases. 

Guaranteed Payments
Once the payment is confirmed, settlement of funds is guaranteed.

No Chargebacks
Similar to a cash purchase.  Buyers cannot reverse transactions. 

Streamline cash management
Single interface gives you multiple international accounts with local “in country” rates.  Sophisticated electronic funds capabilities.

Eliminate Risk and Protect Against Fraud
Bank transfers are highly secure, private and safe. 

How International Payments Work

The system is efficient, streamlined and simple.  A single interface gives merchants access to local banking services around the world.  International bank transfers are processed through the platform as local payments. 

Buyers pay directly via bank transfer by internet, telephone or as an over the counter deposit to a bank in the country in which they are located.  The payment is a local bank-to-bank transaction and is completely secure and private. 

The merchant is notified as soon as the transaction is complete.  The merchant then releases the goods or services to the buyer with confidence that settlement of the funds is guaranteed.

Online real time reporting and transaction management tools are provided free.  All information can be viewed online or downloaded to in-house accounting programs and systems. 

‘One-Click’ interfaces allows merchants’ systems to interact directly with our cash management systems. Merchants can integrate the payment option directly with a website using a simple API. 


Payouts the Easy Way

Local bank transfers are a cost effective and highly efficient method to rapidly deposit money into the bank accounts of customers, affiliates, employees, or suppliers.

Low cost – By operating bank accounts ‘in-country’ around the world, businesses eliminate costly international transfers.  Using the local bank transfer network, a business plugs directly into multiple banks to enable the best monitoring, control and use of local banking services. Businesses make and receive local payments through the interface instead of having to use their own bank’s international payment service, which is usually expensive and slow.

Speed   The platform is directly integrated with the banks’ systems and is able to see and act upon transactions quickly. Without the platform, a business would have to wait for their bank, the correspondent bank, plus the SWIFT networks all to update in order for transactions to be viewed or completed. Proprietary software constantly polls all the system bank accounts to detect incoming payments and make outgoing payments, Therefore, businesses get the fastest credit reflection and payment completion times in the market.

Administrative Functionality – Businesses full single-access view and control over their balances no matter in which country the balances are held. Accounts can be viewed in single currency or they can be viewed in multiple currencies. The business has full control over those funds and can repatriate them back to their own “home” account whenever they wish, or they can use the platform to pay the funds on elsewhere.   

International Ecommerce Expansion

The internet has opened-up global markets to retailers that can now sell products to customers in any country. The challenge is finding the right means to accept payment from international customers in a secure, fast and economical manner.

As an example a UK based retailer wanting to sell products to customers in Germany would normally accept credit cards as payment options because that is the usual approach in UK.  However, the penetration of credit cards in Germany is very low - approximately only 20% of the population owns them.  If the UK merchant offers only credit cards as a payment option, the opportunity for sales in Germany is immediately and drastically reduced.

The merchant could look at offering bank transfers whereby the German customer would perform an international bank transfer to the merchant’s UK bank account. Unfortunately, for most retail transactions, the cost of an international bank transfer will deter both the customer and the merchant from using this as a viable payment option.

In Germany (and in much of Europe and Asia) customers are much more used to cash-based payments. Most individuals have bank accounts and use them to spend money online with local German merchants. Thus if a non-German merchant offers local bank transfers they are far more likely to succeed.

When dealing with new markets and new customers it is natural for merchants to worry about fraud and repudiation. Receiving and paying funds via local bank transfers removes the potential for fraud and chargebacks as the banks’ own security is vetting all transactions, and all payments are “cleared funds.”

Merchant’s rates are a low flat-fee per transaction. This is different to credit card pricing models where a percentage charge applies to the entire transaction sum.

Simplify International Payments