Assessing Global Payout Services

A Guide to Choosing the Right Service for Your Business


Many businesses today face the challenge of sending payouts to global suppliers, freelancers and business partners in the most efficient and cost-effective way.

Sending global payouts is complex, especially for companies that need to do mass cross-border payouts — that is, sending regular payments to hundreds or thousands of recipients across multiple countries and currencies.

Because of this, many companies now work with global payout specialists instead of using traditional and often costly options like bank wires and checks

Whether this is your first time looking for a global payouts service, or you're switching from your current provider, this guide can be a useful resource. It provides questions, insights and tips to help you choose the service that's right for your business.


WHAT'S INSIDE?

In this exclusive guide, you will learn the key capabilities to assess across various global payout services, including some questions to ask and why you should ask them.

  • Payout Network: Does the service make direct deposits to your recipient's local bank? Do they have direct bank partnerships versus outsourcing payments to one or more intermediaries?
  • Integration: Does the service provide single-integration REST APIs? Do they have additional implementation methods?
  • Foreign Exchange (FX) Rates and Fees: Does the service charge landing fees to your recipients? Do they also charge hidden FX markups or interbank transfer fees?
  • Compliance: Does the service hold money service and other required licenses in all jurisdictions served?

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