Global Partner Payments Hub

Since there is never a “one-size-fits-all” when it comes to selecting a payment processor, you have a lot of options to choose from. Stripe is not the end-all-be-all. Write down your top five business needs and consider these Stripe alternatives:

Cross-border payments are transactions sent from one country and received in a different country. Transfer fees, bank fees, local currency, foreign currency conversion rates, exchange fees, and international credit card fees may apply to cross-border transactions.

PayPal isn’t the end-all, be-all when it comes to online payment systems. Take the time first to really understand your core business needs. What are the top features required? Is there a budget? How many people will be using the software?

OFX makes money on the profit margin between the mid-market exchange rate and their retail rate. Wise makes its money primarily in transaction fees.

Square and PayPal are two of the biggest names in the payment processing industry, which makes it tough to decide which to buy. Both platforms provide core features for small businesses from POS transactions to invoicing, mass payments, reporting, and ecommerce sales.

Here, we’ve compiled a detailed breakdown of every top alternative to Payoneer with insights, descriptions and feature comparisons for PayPal, Square, TransferWise, and many more.

Stripe and PayPal are currently the most well-known online payment gateways in the eCommerce market. This article will cover the differences and similarities between Stripe vs. PayPal so you make a well-informed decision for your business.

The correspondent bank receives instructions to process a transaction such as a funds transfer, settlement, currency exchange, etc., along with the requisite funds. It relays that to the other bank, thereby executing the transaction.

Open banking is a driving force for digital transformation, using shared electronic financial data.
It provides lucrative business model opportunities for third-party Fintech app and financial services industry providers.

Intermediary banks send money to complete a request done in a single currency, usually domestic. Whereas, correspondent banks support multiple foreign currency transactions.

A SWIFT code is a standard format used when making international transfers between banks and financial institutions. It identifies the branch, bank, and country an account is registered in and communicates the who, what, and where, through BIC (Bank Identifier Codes).

Before making a global payment, inquire about the fees. You may find it’s best to send a payment that takes longer to process if you have budgetary limits. Also, you must confirm the supplier is legitimate before you send the payment. A global payment operator can help verify suppliers for you

Is real-time processing or batch payment processing better for your business? There are two main areas that should guide your decision. The first is whether or not you’ll need to make adjustments to transactions after sales. As with any other business decision, you’ll also want to compare the associated costs.

SEPA payments are cashless payments in euro currency that are processed via the Single Euro Payments Area network to facilitate cross-border bank transfers in 36 Eurozone and non-euro area countries. The SEPA payment method makes cross-border transfers fast and cost-effective.

An international wire transfer is a service offered by almost every bank. It’s a transaction that allows you to send a certain amount of money from your bank account to a recipient’s bank account, anywhere else in the world. If you plan on using your bank to send an international transfer, it’s important to understand what SWIFT is and how it works.