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Global Payment Methods Comparison Guide

Why You Need Multiple Global Payment Methods

Paper checks are ubiquitous to supplier payments, but they’re far from adequate. Thankfully, from pre-paid debit cards to international ACH and wire transfers, there is a world of options for remitting to suppliers across the globe. Each has benefits and drawbacks that can impact the satisfaction of your suppliers and partners as well as impact the workload your finance and accounts payable teams face. The most optimal payment method depends individually on where the supplier is and their expectations.

But managing each payment method so it’s secure, available, and reliable can be challenging. Tipalti estimates that there are over 26,000 global payment rules for paying suppliers in outside countries. Knowing the proper global method to use in a given situation is no small task.

Payment Method Comparison Guide

Download our Payment Method Comparison Guide as a reference to various remittance methods.

DOWNLOAD NOW

Each method requires a different path for collecting payment details, understanding payment rules, adding or editing data, and the actual funding and remittance operations. In some cases, individual portals are required to interface with the various payment processors. The difficulties of managing multiple methods increase dramatically when making mass payments to suppliers and partners. Add this to the general ledger payment reconciliation complexity after payments are made and it’s no wonder that networks may limit payment methods.

About the Author

Derek Cheng

Derek is the Senior Director of Corporate and Content Marketing at Tipalti. Notoriously lazy efficient, he's fiendishly dedicated to showcasing how businesses can reduce their back-office operations and still achieve greater scalability and results.


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WHY TIPALTI

  • Overview
  • Benefits by Role
  • AP Automation
  • Mass Payment
  • Bill.com Alternative

COMPANY

  • About Us
  • Careers
  • Partnerships
  • Support
  • Events
  • Press
  • In The News
  • Contact Us

CUSTOMERS

  • Overview
  • Business Services
  • Software and Technology
  • Ecommerce and Retail
  • Marketplaces and Gig Economy
  • Video and Digital Media
  • Video Gaming
  • Financial Services
  • Online Services
  • Education
  • Healthcare
  • Advertising Technology
  • Affiliate and Influencer Networks
  • Manufacturing and Wholesale

PRODUCT

  • Overview
  • Supplier Management
  • Invoice Management
  • PO Matching
  • Tax and VAT Compliance
  • Global Payments
  • Self-Billing Module
  • Payment Reconciliation
  • Tipalti Detect
  • Invoice-Based
  • Performance-Based

RESOURCES

  • BoldCFO Blog
  • Financial Advisor Blog
  • BFF Podcast
  • The Total Guide to ERP Integration
  • FAQs

PLATFORM

  • Overview
  • Multi-Entity Architecture
  • Financial Controls
  • Payment API
  • Secure Cloud
  • Money Services Business
  • Integrations
  • Pi Payables Intelligence

ADDITIONAL SERVICES

  • Tipalti Multi-FX Currency Management
  • NetNow Accelerated Payments
  • FX Hedging
  • Implementation Services
  • Supplier Onboarding Services
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