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 shouldn't mean queuing in a bank branch and filling out forms with codes you may never have heard of. An international money transfer moves your money from your account, card, or wallet in the US to someone else's account, card, or wallet in another country, and, above all, it should be simple, transparent, and reliable enough that you don't have to think twice about it.
Whether you're supporting family back home, paying for something abroad, or sending a gift for a birthday you can't be there for in person, the reason you're sending matters more than the mechanics. If you're new to Paysend, your first transfer comes with zero fee and a special exchange rate, so more of what you send actually arrives, and we'll show you how to claim it.
Co miesiąc tysiące osób pracujących w Czechach wysyła część wypłaty do domu — wielu z nich to Ukraińcy wspierający rodzinę za granicą. A tradycyjna droga utrudnia to, co powinno być proste: przelewy bankowe wymagające IBAN i kodów SWIFT, opłaty, które widać dopiero, gdy pieniądze już zniknęły, oraz dni oczekiwania, podczas gdy ktoś w domu na nie liczy.
Pavel Štich od lat pomaga swoim czytelnikom rozwiązywać dokładnie ten problem. Jest współzałożycielem i redaktorem naczelnym ds. finansów w Moneyo.cz — niezależnej czeskiej platformie, która porównuje usługi przekazów pieniężnych, brokerów giełdowych i alternatywne inwestycje — a także Ambasadorem Paysend, co oznacza, że osobiście testuje wszystko, co poleca, wyjaśnia to prostym językiem i daje swoim czytelnikom ekskluzywne korzyści. Zapytaliśmy go, jak powstało Moneyo, kto je czyta i dlaczego wybrał Paysend.
