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Simple, cost effective and convenient
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). |
GlobalCollect provides
- 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.
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Key benefits
- 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.
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