Select a payment solution that best fits the needs of your organization.
User Selects Payment Method
You have the ability to pay anyone – company or individual – sending it directly wallet-2-wallet. Using this process enables the recipient to manage their funds as they wish, taking advantage of much lower currency conversion rates if needed, and selecting their preferred method of payment. We have found that recipients prefer choice.
Preselected Payment Method
Payments made via the platform or APIs enable use cases that require a predetermined payment method. We bypass the recipient choice by sending the payment wallet-2-wallet and automatically triggering a transfer to your selected payment method, using any of our payment options.
Payment Disbursement Comparison
|Fulfillment Time||Up to weeks||Instantaneous or up to 2 business days||Instantaneous or up to 2 business days|
|Operational Overhead||Cut checks, fill envelopes, verify delivery, resend checks, obtain cash, store cash, disburse cash, etc.||Very minimal||Very minimal|
|Reliability||Frequently lost and stolen||High reliability||High reliability|
|Accounting||Difficult to track uncashed checks and unpaid cash||Know exactly what your liabilities are||Know exactly what your liabilities are|
|Fraud Risk||High fraud risk||Low fraud risk||Low fraud risk|
|Security||Recipients have your bank number (check); physical storage is a liability (cash)||Sensitive data remains private; nothing physical to store||Sensitive data remains private; nothing physical to store|