Simple, cost effective
GlobalCollect has selected distribution partners
to jointly provide account to account A/P payment
services to its merchant base.
Our clients can now send payment instructions for
distribution globally to third parties (suppliers,
associates, overseas payroll) using an unrivaled
network of over 50 local bank accounts.
Whether you are a travel business paying for
overseas ground arrangements, a direct sales
organisation paying commissions, or software
business paying developers, you can take
advantage of the low-cost, high- efficiency
domestic clearing networks around the world,
without opening bank accounts yourself, and
avoiding the high charges associated with
overseas payments through the
international banking network (SWIFT).
- Simple, secure file transfer process for
handling payments in multiple currencies and countries.
- First-line customer support.
- Payment file execution.
- Auto-validation of payment instructions.
- Reporting for your reconciliation.
- Fast and convenient to use.
- Negates need for costly overseas bank accounts.
- Payouts come at a fraction of the cost of a traditional wire transfer.
- Homogenous reporting and reconciliation compared with multiple bank A/P process.
- Multi-currency capabilities – four funding currencies and 130+ target currencies reporting for your reconciliation.