Member Article

ECOMMPAY launches new global payout product for businesses

International payment service provider and direct bank card acquirer, ECOMMPAY, has today announced the launch of its global payout product which is a one-stop solution for any business dealing with international payments.

The London-headquartered company’s global payouts solution requires only a single setup and once established, businesses can pay their suppliers, contractors, partners and customers around the world with just a few clicks. The solution also works with local cards, e-wallets and bank accounts.

Covering 70 countries and 40 currencies, ECOMMPAY’s payout product was built to enable businesses of any size to build a simple, transparent payout infrastructure for their gig economy platform or marketplace. With the effortless click of a button, businesses can pay freelancers, influencers, and teachers without having to consider geographical barriers.

To set up the solution, businesses need to first integrate ECOMMPAY global payouts and connect their bank accounts and digital wallets. Businesses can top up their balance in euros and can then payout in local currencies to bank accounts, cards or use alternative payment methods. With the solution’s dashboard, business customers can keep track of all payout transactions in a single, consolidated report.

In addition to the single payout dashboard which shows all currencies, countries and payment methods, other benefits included in the solution are savings on fees and commissions using local payment rails, exceptional speed, so payouts are delivered within minutes rather than days, and automating regular, fixed payouts to companies and individuals via API or dashboard.

Paul Marcantonio, Executive Director of ECOMMPAY, commented: “Our Global Payouts solution allows businesses to issue timely and secure mass payouts to customers from around the world. We live in fully realised global world and businesses work a variety of supplies who operate in different regions that have their own currencies and preferred payment methods. At ECOMMPAY, we have created a solution that understands the global demands of modern businesses and gives them the power to effectively manage their international payments in a way that is straightforward and quick, so they can scale their businesses to reach its maximum potential.”

This was posted in Bdaily's Members' News section by Lucie Hayes .