Our mass payments methods
Growing and scaling your business requires global reach. Global business requires the ability to accept, process and send international business payments.
You’ll find a multitude of ways to send international business payments, but most traditional methods contain a high risk factor. This risk spectrum, includes timing uncertainty of payments the seller and the foreign buyer. Essentially, for the seller or exporter, a sale is a gift until they receive payment and for the buyer or importers, their payment is a donation until their receive the goods. The seller benefits from payment at order placement or prior to shipping the goods. The other main risk is the exchange rate which fluctuates sometimes drastically and can simulate the risk of FOREX trading. You could use:
- letters of credit (LCs),
- documentary collection,
- open account transaction,
- wire transfer,
- e-payments using Easystaff.io.
Receive International Payments Simply and Securely
Most of the traditional methods of payment either require a great deal of paperwork or a lengthy processing time.
Cash-in-advance uses wire transfers and credit cards to pay one-off purchases. It reduces risk for the seller. Letters of Credit and documentary collections have their uses, but require copious amounts of paperwork through your bank. Using an open account method puts all the risk on the seller since they extend credit on terms of 30, 60 or 90 days. Finally, consignment provides an open account that the buyer only pays after the goods have been re-sold to the end customer. These latter two traditional methods carry the greatest risk. Then, there’s the EasyStaff method.
Your Benefits of Receiving Overseas Payments with Easystaff
EasyStaff combines a wire transfer with electronic payments. You can pay quickly or get paid quickly. Since EasyStaff also specializes in mass payments, you can send a single wire transfer to us and we can process all your payments en masse. This saves you money. You only pay one wire transfer fee, as opposed to a wire transfer fee for each payment if you used the traditional manner.
When you use EasyStaff, you take the work out of making the payments. You make a single wire transfer and we take care of the rest using the same method as for our mass payments. Whether you need to make one overseas payment or many, you can do it simply, easily and effectively using our service.
EasyStaff provides you with a method that delivers competitive foreign exchange rates, automated reconciliation, payment options including bank transfers, credit and debit cards and e-wallets, plus a secure environment for making payments.
Use EasyStaff.io to make and request payments and for sending and receiving money from abroad. We can save you time, money and reduce your risk of doing international business.