As the internet brings the world closer together, there are more businesses than ever before using global payments – and that means they need a reliable method to get the job done.
Slow international business payments can be a huge drag, with money getting caught in reams of red tape, slowed by time zones and put on hold by international borders. Big banks might seem like the reliable option, but they can’t always keep up with the times as businesses have gone global.
Enter modern payment methods that let you skip the banks altogether. As the old saying goes, time is money — and the less time you spend waiting for a business money transfer to clear, the more time you can spend getting down to the business that matters.
Here’s how SWiM PAY makes it happen, fast.
The Challenges of Traditional Payments
We’ve definitely come a long way since the advent of the internet. Where once you’d have to visit a bank branch, fill out a form and wait for your bank to wire transfer, most international payment methods are a lot faster. Instead of posting checks and money orders, you now have far more secure methods of payment through online services.
The problem: a lot of those methods work fine for individuals, but not for businesses.
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Processing times. Using traditional methods, these can be slow and tedious, leading to cash flow problems and missed business opportunities.
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Fees stack up over time. This goes double for if most of your business is online and you frequently deal in international money transfer.
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Currency conversion. This is a constantly shifting challenge, and even a short delay in money transfers can lead to a change in the business exchange rate, meaning you miss out on profits through no fault of your own.
It’s a fast-paced world of business, and even small delays can have big knock-on effects when it comes to frequent international money exchanges. Business owners have started to realise that traditional methods of international business payments just aren’t cutting it.
Why ‘Instant’ Should be the New Standard
Businesses of any size should be able to access payments that don’t get tangled up in time zones and regulations, making the international market fully accessible to all.
Instant global payments have come a long way just in the past few years, and they’re definitely not just for global megacorporations with money to burn.
Here are just a few strategic advantages of international:
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Saving on costs. Instant business money transfer services and e-wallets typically come with lower fees. Each time you save money on a single transaction, you get a little bit back that stacks up over time.
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Reach a global customer base. No one should feel the crunch of sticking to local customers, just because international money transfers are too costly or complex. Modern international payments are smooth and seamless, letting you easily expand your business and go global without the hassle.
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Simpler management. Cash flow management is a hassle all by itself, even without having to navigate international payments. By removing hassle, you’re giving yourself a much easier time managing your cash flow, streamlining your operations elsewhere.
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Speed. It’s that simple: in business, speed can make all the difference. Instant payments let you close business quicker, get access to your funds faster, and sidestep any nasty surprises when it comes to the changing business exchange rate.
Why SWiM PAY Ticks All the Boxes
Here at SWiM PAY, instant global payments are what we do best. We make international business payments smooth and seamless, creating a money transfer service for business that lets you send money anywhere at any time. Here’s how:
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E-Wallet solutions. Our digital wallets are made with international business in mind. Link to bank accounts, cryptocurrencies or credit cards; e-wallets give you flexibility to make and receive payments with zero hassle.
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Instant cross-border payments. Big banks can take anywhere from 5-10 days just to process a payment. SWiM PAY cuts out the middle steps, allowing you to send money across the globe instantly, in multiple currencies, no matter the business exchange rate.
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Easy management: No need to spend time managing international money transfer with our user-friendly interface, which is designed to streamline how your business manages its funds. Our system is focused on only the essentials of sending and receiving funds, making for a smooth process where you can always find exactly what you need.
In addition to instant payments, SWiM PAY’s digital wallets are protected by cutting-edge encryption technology, held to international security standards.
We know that global business is the future, which is why we’re driving the future of instant international business payments. Explore how SWiM PAY can help streamline your business transactions by taking a look at our e-wallet services, or you can check the full list of money transfer for business services we offer our clients.
