By now, those of you who are familiar with Transpay know that direct bank deposits are one of our strong suits. A payment structure that makes it possible to send funds from a business’ bank account directly into a recipient’s bank account, direct bank deposits provide a simple solution to the complex question of how to send payments around the globe. On this blog, we share our insights into the new markets that Transpay’s network can help your business reach, how our comprehensive compliance takes the burden off your shoulders, and our best tips for creating an optimal payouts program for your recipients. We understand that the world of cross-border payments can feel overwhelming and that your business has ambitious goals. We have great appreciation for the role of payments professionals. You ask us intelligent questions, are genuinely interested in learning about the current payments ecosystem and work hard to discern the pros and cons of various payments forms.
Here’s what we want you to know about direct bank deposits.
Direct bank deposits are part of a complete payouts solution.
Some might have the misconception that recipients only need one payout option, whether it’s a bank wire, e-wallet or prepaid card option. But no payouts solution is complete without direct bank deposits, which are incredibly easy to use and well-suited to the demands of today’s global digital economy. Transpay’s direct bank deposits can be used by a wide range of businesses, from e-commerce or freelance marketplaces to affiliate and ad networks to pay the sellers, freelancers, affiliates, publishers and more and reach more than 140 countries around the globe.
Direct bank deposits generate recipient satisfaction and enhance goodwill.
In the digital economy, direct bank deposits are a simple, cost-effective and efficient way to send your payments. The most successful and forward-thinking global businesses take an approach to payments options that meets their recipients where they are. For many recipients – just as it is for many of us – having funds delivered directly to their bank account in their local currency is their preference. Because one of the top complaints of recipients is the fact that cash-flow restraints negatively impact their operations and livelihood, adding direct bank deposits to your payment options can empower recipients to receive funds in a way that suits their personal preferences.
The ultimate goal of your payments program is that no recipient is left without a method for receiving payments from your business.
That’s why we team with you in support of your business’ broader goals. Whether you are an e-commerce platform with sellers in Hanoi, Vietnam or a freelance platform with freelancers in Lagos, Nigeria, you’ll want to partner with a payments provider who can move payments into markets that are currently priorities, and who also offers depth in the markets you have your eye on for future growth.
Want to partner with a payments provider with expertise in direct bank deposits? Contact Transpay today.
