4 benefits of Paysend Business for paying international employees
Even before the pandemic, companies have prioritized growing their global footprint to take advantage of new market opportunities. In fact, 87% of multinational companies considered their best growth opportunities to be outside of their domestic market. As a result, global trade hit a record high of nearly $30 trillion in 2021. To aid in this expansion, companies are increasingly hiring talent, whether remote or within region, to extend international reach.
Growing a business is hard enough without the added pressure of managing employees across different continents. HR leaders are being tasked with outlining processes and procedures that take into account the needs and requirements of a diverse set of employees. Between navigating complex cultural differences and communication styles, to managing time zones and operation hours, creating a healthy and cooperative work environment amongst different groups can be tough. But the challenges don’t stop there.
Scaling financial services effectively alongside business growth requires speed and precision to enter new markets. For instance, paying employees around the world can be a strenuous process that requires businesses to jump through regulation hoops during payroll. Businesses not only need to consider timing delays that can impact employee satisfaction, but also payment requirements that may vary country by country.
Until now.
4 benefits of Paysend Business for cross-border employee payments
Paysend Business can be used to eliminate burdensome international payroll processes. Through our solution, leaders can streamline the payment process in just a few easy steps that require minimal information to make instant and global payouts in-real time to all major credit and debit cards. We enable leaders to triple their payment options and provide international payroll payouts to staff’s cards, accounts and wallets through a single API integration.
Let’s take a closer look at this payment feature and its benefits.
- Global, Inclusive Reach: With Paysend Business, company leaders can pay employees in 180+ countries, including underserved countries, with local account details for the UK, Europe, and US, and multi-currency accounts in over 33+ currencies.
- Convenience: Paysend Business is compatible with Visa and Mastercard, allowing employers to offer instant payouts made directly to Visa and Mastercard cardholders globally -- eliminating the need to have and input complex bank details.
- Speed: The combined ability to reach multiple countries and make payouts directly to cards makes the payment process faster for an employer with real-time payouts.
- Low FX Rates: Paysend Business makes paying employees in another country more convenient with invoices that have low FX rates.
Want to try Paysend Business for yourself? Set up a Paysend Business account and gain access to this international market feature today.
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Sending money abroad should feel simple, but if your international transfer is delayed or not received, it’s natural to wonder what went wrong.
International money transfers can be delayed, held, or returned for several reasons, most commonly due to compliance checks, missing information, processing cut-off times, or intermediary bank reviews. Industry reporting suggests that while the majority of transfers complete successfully, a small but meaningful share requires manual handling or additional processing, which can cause delays.
It’s important to understand that international money transfers involve multiple institutions, compliance checks, and settlement systems. Because of this, delays or exceptions are not unusual and are typically linked to process or regulatory requirements rather than technical failures or user mistakes.
With that in mind, this guide explains why international transfers may not be received as expected, how often this happens and what you can realistically do next.
You can send money to Bulgaria directly to a Visa card or bank account with Paysend — an international money transfer service covering more than 170 countries. Transfers use a fixed-fee pricing model, with funds arriving fast. Your money travels a trusted global route, safe, fair, and on time.
