Can you lower your business transaction fees?
- Written by News Company
Whether you can settle for an online business account like TransferWise or PayPal, or use the classic conventional option of regular banks like HSBC or CitiBank, a good business account is a very important part of your business.
Ordinary banks
Currently, most companies operate primarily online. Whether in the form of an e-commerce store or by providing online services. In both cases, you want to be able to handle numerous transactions each day. A platform with a good online API and automatic payment gateway connected to your site is superior to an oldschool bank account.
Why do you need a good business account?
As the majority of people have access to a stable Internet connection modern companies need to be present online in order to reach them, as they don’t have to limit the services only to local clients anymore. Moreover, developed global logistics enable delivering any product or service to any place in the world within just a few days.
Although domestic payments are in most cases easy and free, processing international transactions generates some significant fees. You also need to take into consideration exchange rates.Banks may charge a fee of USD 25 when sending money abroad. Big banks even charge fees for accepting foreign transactions. This is why the entire online market has been developed for independent financial platforms. To name just a few, Monese, Remitly, TransferGo, Azimo and other platforms provide cheap international remittances.Various online financial platforms are required, including cheap international payments and special offers for corporate accounts. They also allow online stores to be used with systems that use API codes.
What are some of the cheap online transfer platforms?
There are thousands of remittance platforms available on the market. The best money transfer option for you depends on your needs. Do you need to make cheap transfers? Or is the transaction speed most important for your business? Let’s take a look at some of the popular customer choices based on reviews and feedback.
- Remitly
If you want to learn more about this platform read this Remitly Review.
- TransferGo
If you want to learn more about this platform read this TransferGo Review.
- MoneyGram
If you want to learn more about this platform read this MoneyGram Review.
- WorldRemit
If you want to learn more about this platform read this WorldRemit Review.
It’s essential to read some first-hand experience and other business owners’ feedback to learn which platform will suit your business needs. Try to check the offer of different companies before settling for one. It’s also good to refresh the options once in a while and make sure there aren’t any cheaper and better alternatives available.