Currency Solved for exporters and importers
Exporters face many challenges, but getting paid on time shouldn’t be one of them. On average, companies write off 1.5% of their receivables as bad debt. For a $50 million company, that equates to a $750,000 expense each year. In the UK alone, 50% of businesses receive late payments from customers overseas. Importers face similar hassles when making international payments. This is due to the constraints and costs associated with international SWIFT payments. Currency Solved removes these constraints by providing you access to local payouts at a fraction of the cost.
Joe’s Imports & Exports makes regular payments to multiple suppliers in the USA.
Currently, Joe makes use of his local bank for these transactions. International payments end up costing more and taking longer than they should.
With Currency Solved, making and receiving international payments is fast, safe and affordable. Using the platform, Joe can upload and pay multiple beneficiaries immediately – anywhere in the world.
Joe’s importing business has also managed to lower their average payment receipt time thanks to same-day collections. Currency Solved was built to provide innovative payment technology to the international trade industry.
Currency Solved for start-ups and SMEs
As a start-up or SME, one of the first things you learn about are the numerous hidden costs associated with setting up and running a new business. The Currency Solved platform was built with small business in mind and offers access without upfront or excessive ongoing costs.
Sarah’s start-up needs to make payments to developers in Hong Kong and Singapore.
Currently, Sarah makes use of her local bank for these transactions. Unfortunately, these international payments end up costing more and taking longer than they should.
With Currency Solved, making and receiving international payments is simple, safe and affordable. Using the platform, Sarah can upload and pay multiple currencies to different beneficiaries immediately.
Sarah will now also be able to receive funds from her European clients by making use of the Global Collections service. This entitles Sarah’s start-up to its very own EU bank account, giving her access to the European market and making it easier for clients to pay in Euros.
Currency Solved for travel and tourism industry
We are proud to have partnered with many international travel and tourism operators, helping to lower the costs associated with international payments. The Currency Solved platform helps reduce the admin associated with payment processing thanks to an intuitive dashboard.
You can assign user roles that allow better control of your payment processing and lower the risk of fraud.
Bob’s travel company needs to make some payments for an upcoming tour to Europe. He also needs to receive funds from various clients for their planned trips.
Currently, Bob makes use of his local bank for these transactions. International payments end up costing more and taking longer than they should. Some of Bob’s American clients are having difficulty paying for his tours, costing him valuable business.
With Currency Solved, making and receiving international payments is easy, safe and affordable. Using the platform, Bob is able to upload and pay multiple hotel beneficiaries at once. Bob can also receive funds locally from his American clients by making use of the Global Collections service. This will give Bob’s company its very own USD account in the USA.
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