Read the latest Paysend articles","text":"Stay up-to-date with the latest news, insights and more.","isMobileBtn":null,"note":null,"img":null,"color":{"id":204,"bgColor":null,"titleGradient":"aubergine01","titleColor":null,"whiteText":null},"btn":null,"btn_mobile":null,"bgImg":null,"btnDemo":null,"extra_button":null},"tiles_section":[{"id":520,"title":"About","subtitle":"We’re a global FinTech company on a mission to change how money is moved around the world.","variant":"colored","size":null,"imgTop":null,"fullwidth":null,"btn_title":null,"url":"\/about-us","add_country_lang_inside_link":null,"enabled":null,"img":null,"color":{"id":878,"bgColor":"aubergine01","titleGradient":null,"titleColor":null,"whiteText":null}},{"id":521,"title":"Culture","subtitle":"Discover your potential, own your growth, shape your future.","variant":"colored","size":null,"imgTop":null,"fullwidth":null,"btn_title":null,"url":"\/culture","add_country_lang_inside_link":true,"enabled":null,"img":null,"color":{"id":879,"bgColor":"aubergine03","titleGradient":null,"titleColor":null,"whiteText":null}}],"seo":{"id":190,"metaTitle":"Paysend Blog: Stay Ahead with Paysend\'s Latest Insights!","metaDescription":"Dive into the future with Paysend\'s blog, exploring cutting-edge ideas and trends shaping the world of payments and finance. Stay updated and informed.","ShareImage":null}},"categories":[{"id":1,"title":"All articles","value":"all-articles","createdAt":"2023-05-16T10:53:37.864Z","updatedAt":"2023-05-16T10:53:39.907Z","publishedAt":"2023-05-16T10:53:39.902Z"},{"id":3,"title":"Living Abroad","value":"living-abroad","createdAt":"2023-05-18T06:41:22.124Z","updatedAt":"2023-05-18T06:46:32.708Z","publishedAt":"2023-05-18T06:41:36.531Z"},{"id":2,"title":"Money Transfer Guides","value":"money-transfer-guides","createdAt":"2023-05-18T06:41:07.061Z","updatedAt":"2023-05-18T06:46:56.605Z","publishedAt":"2023-05-18T06:41:40.106Z"},{"id":4,"title":"New Paysend Features","value":"new-paysend-features","createdAt":"2023-05-18T06:41:55.339Z","updatedAt":"2023-05-18T06:47:14.088Z","publishedAt":"2023-05-18T06:41:57.387Z"},{"id":7,"title":"World Culture","value":"world-culture","createdAt":"2023-05-18T06:42:39.079Z","updatedAt":"2023-05-18T06:47:46.729Z","publishedAt":"2023-05-18T06:42:41.110Z"},{"id":6,"title":"Digital Money","value":"digital-money","createdAt":"2023-05-18T06:42:20.935Z","updatedAt":"2023-05-18T07:00:06.929Z","publishedAt":"2023-05-18T06:42:25.857Z"},{"id":5,"title":"Personal Finance Tips","value":"personal-finance-tips","createdAt":"2023-05-18T06:42:08.497Z","updatedAt":"2023-05-18T07:00:17.013Z","publishedAt":"2023-05-18T06:42:10.739Z"}],"articles":{"data":[{"id":168,"title":"Is Paysend Safe to Send Money?","date":"2023-06-28","video_url":null,"description":"
In today\'s fast-paced and interconnected world, we often find ourselves needing to send money across borders quickly and securely. Luckily, there are innovative fintech companies like Paysend that have stepped up to make this process easier than ever. With over 7 million satisfied customers worldwide, Paysend has earned a reputation for being a safe and reliable platform for international money transfers. So, let\'s dive into what makes Paysend a trustworthy choice when it comes to sending money.<\/p>
Trustworthiness of Paysend Money Transfers <\/h2>
When it comes to financial transactions, trust is everything. And Paysend has managed to win over its customers with its exceptional service. Paysend is rated as ‘Excellent’ on TrustPilot with a rating 4.3 out of 5, based on over 31,000 reviews. This means that millions of users have given Paysend a thumbs up for its reliability and safety. In 2023, Paysend has been recognized as one of Europe\'s top 1000 fastest-growing companies, according to the esteemed 2023 Financial Times Statista report. This recognition further solidifies Paysend\'s position as a reputable player in the fintech industry.<\/p>
Security features of Paysend<\/h2>
Paysend takes the security of your data and funds seriously. They\'ve implemented advanced security measures to ensure that your personal and financial information is kept safe throughout the entire money transfer process. All sensitive data shared on the platform is encrypted, making it nearly impossible for anyone unauthorized to access or misuse it. With Paysend, you can rest assured that your information is in good hands.<\/p>
Swift and Efficient Transfers<\/h2>
Waiting for your money to reach its destination can be nerve-wracking. That\'s why Paysend has invested in cutting-edge technology to make cross-border transactions as quick and efficient as possible. They process over 35,000 transactions every day, ensuring that your funds arrive in a timely manner. Most transactions arrive within 15 seconds, but this can take longer depending on the sending receiving country, as occasionally additional checks are needed. By using secure and reliable networks, Paysend minimizes the risk of delays or hiccups along the way. With Paysend, you can send money with confidence, knowing it will reach its intended recipient without any unnecessary delays.<\/p>
Is Paysend a secure money transfer service?<\/h2>
Paysend is registered in the United Kingdom with office headquarters in Central London. They employ over 250 staff worldwide, with regional offices in Edinburgh, Dublin, Miami, and Belgrade. Paysend is different to other money transfer companies, who use the bank system \(SWIFT\) to move money. By contrast, Paysend move money using the major card payment networks, meaning money can be sent to anywhere that Visa, Mastercard and China UnionPay operate. This is often cheaper and faster than via SWIFT and means Paysend can process payments to over 190 countries - more countries that almost any other money transfer company. This widespread network allows them to serve customers around the world while complying with local regulations and industry standards.<\/p>
Paysend: Safety and Reliability <\/h2>
Paysend is regulated by the Financial Conduct Authority in the UK, and operates to the highest Anti-Money Laundering standards. By operating within a well-regulated framework, Paysend ensures that your money transfers are safe, secure, and legal. Paysend also holds money transfer licenses in a wide number of jurisdictions, including the UK, European Union, Canada and 48 states in the USA. These licenses ensure compliance with local financial regulations and offering a higher level of protection for users\' funds.<\/p>
Conclusion<\/h2>
When it comes to sending money internationally, safety and reliability are key. Paysend, with its impressive track record, robust security measures, and global presence, checks all the boxes. With millions of satisfied customers, a high Trustpilot rating, and recognition as a top player in the industry, Paysend has proven time and again that it can be trusted with your hard-earned money. So, whether you\'re an individual or a business, you can rely on Paysend to make your international money transfers safe, convenient, and hassle-free.<\/p>
In today\'s fast-paced and interconnected world, we often find ourselves needing to send money across borders quickly and securely. Luckily, there are innovative fintech companies like Paysend that have stepped up to make this process easier than ever. With over 7 million satisfied customers worldwide, Paysend has earned a reputation for being a safe and reliable platform for international money transfers. So, let\'s dive into what makes Paysend a trustworthy choice when it comes to sending money.<\/span><\/p>","createdAt":"2023-06-28T12:39:43.963Z","updatedAt":"2023-11-10T10:13:51.834Z","publishedAt":"2023-06-28T12:39:47.061Z","locale":"en","img":{"id":2377,"name":"BL2930.jpg","alternativeText":"Is Paysend Safe to Send Money?","caption":null,"width":1200,"height":628,"formats":{"large":{"ext":".jpg","url":"https:\/\/cloud.paysend.com\/strapi\/prod\/large_BL_2930_a100eb662e.jpg","hash":"large_BL_2930_a100eb662e","mime":"image\/jpeg","name":"large_BL2930.jpg","path":null,"size":43.3,"width":1000,"height":523},"small":{"ext":".jpg","url":"https:\/\/cloud.paysend.com\/strapi\/prod\/small_BL_2930_a100eb662e.jpg","hash":"small_BL_2930_a100eb662e","mime":"image\/jpeg","name":"small_BL2930.jpg","path":null,"size":16.54,"width":500,"height":262},"medium":{"ext":".jpg","url":"https:\/\/cloud.paysend.com\/strapi\/prod\/medium_BL_2930_a100eb662e.jpg","hash":"medium_BL_2930_a100eb662e","mime":"image\/jpeg","name":"medium_BL2930.jpg","path":null,"size":29.39,"width":750,"height":393},"thumbnail":{"ext":".jpg","url":"https:\/\/cloud.paysend.com\/strapi\/prod\/thumbnail_BL_2930_a100eb662e.jpg","hash":"thumbnail_BL_2930_a100eb662e","mime":"image\/jpeg","name":"thumbnail_BL2930.jpg","path":null,"size":5.91,"width":245,"height":128}},"hash":"BL_2930_a100eb662e","ext":".jpg","mime":"image\/jpeg","size":50.91,"url":"https:\/\/cloud.paysend.com\/strapi\/prod\/BL_2930_a100eb662e.jpg","previewUrl":null,"provider":"strapi-provider-upload-aws-s3-plus-cdn","provider_metadata":null,"createdAt":"2023-06-28T12:38:38.283Z","updatedAt":"2023-06-28T12:38:46.349Z","folderPath":"\/19"},"tiles_section":[],"quote_section":[],"categories":[{"id":1,"title":"All articles","value":"all-articles","createdAt":"2023-05-16T10:53:37.864Z","updatedAt":"2023-05-16T10:53:39.907Z","publishedAt":"2023-05-16T10:53:39.902Z"},{"id":6,"title":"Digital Money","value":"digital-money","createdAt":"2023-05-18T06:42:20.935Z","updatedAt":"2023-05-18T07:00:06.929Z","publishedAt":"2023-05-18T06:42:25.857Z"},{"id":2,"title":"Money Transfer Guides","value":"money-transfer-guides","createdAt":"2023-05-18T06:41:07.061Z","updatedAt":"2023-05-18T06:46:56.605Z","publishedAt":"2023-05-18T06:41:40.106Z"}],"except_countries":[{"id":204,"name":"USA","code_a2":"US","ISO":840,"createdAt":"2022-04-19T09:42:00.282Z","updatedAt":"2025-01-01T02:00:01.197Z","services_info":"We can send USD from USA and deliver in local currency to over 70 countries.","link_code":null}],"seo":{"id":108,"metaTitle":"Is Paysend Safe? Your Guide to Secure Online Transactions","metaDescription":"Explore Paysend\'s secure money transfers: your guide to online safety and reliability, ensuring your money is protected.","ShareImage":null}},{"id":166,"title":"How to manage overseas suppliers","date":"2023-06-26","video_url":null,"description":"
Being able to source goods and services from overseas suppliers gives companies the opportunity to reduce their costs as well as increase the quality of the products and skills available to them. But managing relationships with suppliers in other countries can add an extra layer of operational complexity for management teams to consider.<\/span><\/p>
Aside from the increased complexity in logistics, SMEs should also be aware of local tax liabilities, employment regulation and payment processing. Despite these considerations, Ashley Mallet, head of business at Paysend, says there has never been an easier time to ‘go global’: “Working with overseas suppliers can provide a wide range of benefits to UK firms – and there is no need for businesses to be nervous about entering into a cross-border partnership for the first time. Today’s communication and financial technology means that dealing with and managing foreign suppliers, whether they are manufacturers, wholesalers or contract workers, has never been easier.”<\/span><\/p>
Make sure the price is right<\/span><\/h2>
The first and often most important consideration of working a new supplier, regardless of where they are based, is the cost of the goods or services they are providing. If you’re dealing in a foreign currency, you need to work out not just whether the deal is attractive at today’s exchange rate, but also what room for currency fluctuations you have.<\/span><\/p>
Depending on the agreement you put in place with your supplier \(see below\), you may be able to agree a rate in sterling for a certain period, which will help protect you against any falls in the value of the pound.<\/span><\/p>
Get a solid supply agreement<\/span><\/h2>
Consider including any contractual terms around pricing as part of a wider supply agreement, which could also cover:<\/span><\/p>
What the goods or services you are buying actually are.<\/span><\/li>
If there is a minimum order quantity you need to meet, or a minimum number of hours that a contractor can be expected to work every month.<\/span><\/li>
How payment will be made, for example how often and in what currency.<\/span><\/li>
Who is responsible for shipping costs, and how the burden of any delays is shared or apportioned.<\/span><\/li>
Whether you or the supplier are allowed to work with any rivals during the period the agreement is in force.<\/span><\/li><\/ul>
If goods are being sent across borders, you also need to set out who is responsible for dealing with and paying for customs procedures, for example. <\/span><\/p>
Establish a relationship<\/span><\/h2>
While it may not be feasible to visit every supplier in person, it is worth trying to establish some sort of personal relationship, whether it is with your key contact at the business or an individual contractor or freelancer. Initial contact has been made much simpler to manage through the mass adoption of Teams and Zoom. Once a relationship is established, follow-up meetings should be scheduled on a regular basis.<\/span><\/p>
Know your legal obligations<\/span><\/h2>
You will also need to understand any legal requirements that result from your relationship with a foreign supplier. For example, if you are employing foreign contractors to carry out work for you, you may need to adhere to local labour or tax laws while also complying with UK regulations. In some cases, it could be worth exploring an ‘employer of record’ service. This involves a third-party organisation acting as the legal entity employing foreign workers and taking responsibility for handling relevant regulations. <\/span><\/p>
Choose the right payment solution<\/span><\/h2>
Making cross-border payments on time, in accordance with your contractual terms and with the minimum of hassle is key to successful relationships with overseas suppliers.<\/span><\/p>
For SMEs, the benefits of using overseas suppliers are significant, but so are the possible complexities. Management teams that want to reap the rewards of wider talent pools and more cost-effective suppliers should be prepared – and properly set-up – to negotiate, process and pay before they engage with overseas partners. <\/span><\/p>","description2":"","rank":null,"slug":"how-to-manage-overseas-suppliers","preview_text":"
Being able to source goods and services from overseas suppliers gives companies the opportunity to reduce their costs as well as increase the quality of the products and skills available to them. But managing relationships with suppliers in other countries can add an extra layer of operational complexity for management teams to consider.<\/span> <\/p>","createdAt":"2023-06-26T06:05:57.954Z","updatedAt":"2023-11-10T10:14:47.857Z","publishedAt":"2023-06-26T06:06:00.879Z","locale":"en","img":{"id":2361,"name":"PBB019010Landscape.jpg","alternativeText":"How to manage overseas suppliers","caption":null,"width":1200,"height":628,"formats":{"large":{"ext":".jpg","url":"https:\/\/cloud.paysend.com\/strapi\/prod\/large_PBB_019010_Landscape_0d8f92759e.jpg","hash":"large_PBB_019010_Landscape_0d8f92759e","mime":"image\/jpeg","name":"large_PBB019010Landscape.jpg","path":null,"size":874.01,"width":1000,"height":523},"small":{"ext":".jpg","url":"https:\/\/cloud.paysend.com\/strapi\/prod\/small_PBB_019010_Landscape_0d8f92759e.jpg","hash":"small_PBB_019010_Landscape_0d8f92759e","mime":"image\/jpeg","name":"small_PBB019010Landscape.jpg","path":null,"size":231.14,"width":500,"height":262},"medium":{"ext":".jpg","url":"https:\/\/cloud.paysend.com\/strapi\/prod\/medium_PBB_019010_Landscape_0d8f92759e.jpg","hash":"medium_PBB_019010_Landscape_0d8f92759e","mime":"image\/jpeg","name":"medium_PBB019010Landscape.jpg","path":null,"size":497.97,"width":750,"height":393},"thumbnail":{"ext":".jpg","url":"https:\/\/cloud.paysend.com\/strapi\/prod\/thumbnail_PBB_019010_Landscape_0d8f92759e.jpg","hash":"thumbnail_PBB_019010_Landscape_0d8f92759e","mime":"image\/jpeg","name":"thumbnail_PBB019010Landscape.jpg","path":null,"size":65.39,"width":245,"height":128}},"hash":"PBB_019010_Landscape_0d8f92759e","ext":".jpg","mime":"image\/jpeg","size":173.62,"url":"https:\/\/cloud.paysend.com\/strapi\/prod\/PBB_019010_Landscape_0d8f92759e.jpg","previewUrl":null,"provider":"strapi-provider-upload-aws-s3-plus-cdn","provider_metadata":null,"createdAt":"2023-06-26T08:33:40.545Z","updatedAt":"2023-06-26T08:33:48.741Z","folderPath":"\/19"},"tiles_section":[],"quote_section":[{"id":92,"coloredTile":null,"smallTitle":null,"text":"Ashley Mallett, Head of Paysend Business","linkHref":null,"linkText":null,"description":"“Until recently, the red tape and general inefficiency surrounding international bank transfers has been a major stumbling block for UK businesses that want to deal with suppliers in other countries. But fintech innovation – specifically in payment technology – has changed all that. Now SMEs have access to payment services that they can register for in a matter of minutes, giving them the opportunity to make instant cash transfers to partners or contractors wherever they are in the world.” ","img":null,"icon":{"id":2148,"name":"Ash.png","alternativeText":null,"caption":null,"width":500,"height":500,"formats":{"thumbnail":{"ext":".png","url":"https:\/\/cloud.paysend.com\/strapi\/prod\/thumbnail_Ash_46fe9f696e.png","hash":"thumbnail_Ash_46fe9f696e","mime":"image\/png","name":"thumbnail_Ash.png","path":null,"size":43.67,"width":156,"height":156}},"hash":"Ash_46fe9f696e","ext":".png","mime":"image\/png","size":103.19,"url":"https:\/\/cloud.paysend.com\/strapi\/prod\/Ash_46fe9f696e.png","previewUrl":null,"provider":"strapi-provider-upload-aws-s3-plus-cdn","provider_metadata":null,"createdAt":"2023-05-19T10:04:11.759Z","updatedAt":"2023-05-30T12:45:11.026Z","folderPath":"\/40"},"color":null,"pdf":null}],"categories":[{"id":1,"title":"All articles","value":"all-articles","createdAt":"2023-05-16T10:53:37.864Z","updatedAt":"2023-05-16T10:53:39.907Z","publishedAt":"2023-05-16T10:53:39.902Z"},{"id":5,"title":"Personal Finance Tips","value":"personal-finance-tips","createdAt":"2023-05-18T06:42:08.497Z","updatedAt":"2023-05-18T07:00:17.013Z","publishedAt":"2023-05-18T06:42:10.739Z"}],"except_countries":[{"id":204,"name":"USA","code_a2":"US","ISO":840,"createdAt":"2022-04-19T09:42:00.282Z","updatedAt":"2025-01-01T02:00:01.197Z","services_info":"We can send USD from USA and deliver in local currency to over 70 countries.","link_code":null}],"seo":{"id":110,"metaTitle":"Efficient Overseas Supplier Management: Success Strategies","metaDescription":"Manage global suppliers efficiently: expert tips on communication, logistics, and overcoming cultural differences. Optimize your supply chain for streamlined operations.","ShareImage":null}},{"id":159,"title":"The Master’s Guide to Cross-Border Business Payments with Paysend","date":"2023-06-12","video_url":null,"description":"
As digital capabilities advance and market conditions flare, the B2B payment landscape is shifting. In order to keep up in today’s market, businesses are aiming to create more efficient and secure ways of processing payments and managing their widening financial needs – especially in the U.S.<\/span><\/p>