Companies generally need to have an international payment service that is fluid, low-cost, has a high level of security, and helps minimize possible delays.
Currently on the market there are different payment services, which allow businesses to send and receive money seamlessly , efficiently, and transparently to other countries. However, due to the different alternatives currently available on the market, it can be difficult to choose the right provider. Below, we will share some tips for choosing an ideal provider for international payment services.
Speed of payment processing
Typically, most businesses need to make international payments that are processed quickly, either in real-time or in a few seconds. Hours/minutes. For this reason, it is advisable to choose providers that offer fast payment processing, especially to minimize transaction times and avoid possible delays in payments, which is important in companies with high transaction volumes. An example of this is the Pilsenga platform, which works with the SEPA and SEPA Instant system and stands out for its fast processing speed in the European Union.
Security level
Companies generally look for a seamless international payment service (Seamless International Payments). To achieve this goal, it is important that the platform has a high level of security since this allows for the protection of users’ resources and personal information.
For this reason, it is advisable to consider providers that have different protocols and security measures that allow protecting users’ financial information. It is also important that the provider complies with the different standards and guidelines of the financial industry, as this guarantees certain quality and security parameters on the platform.
Types of currencies and market scope
One factor to consider when choosing an international payment provider is the types of currencies and the market reach they offer. It is advisable to evaluate which types of currencies the provider supports and whether the countries of interest are part of the list of countries supported by the provider. For example, we can evaluate whether the provider offers multi-currency IBAN accounts and how many currencies they operate with.
Transaction fees
Companies that need to make international payments should be aware that the provider’s platform may charge fees related to currency conversion, transaction volume, and processing speed, among others. For this reason, it is advisable to evaluate and compare the fees handled by each of the payment service providers. and choose the one that best suits the company’s needs.
Level of integration
Generally, companies have accounting / financial systems and platforms that allow them to efficiently manage their resources, so when choosing a payment provider, it is advisable to evaluate your company’s level of integration. Financial ecosystem and its level of compatibility with the operating systems already used in the company.
If the financial ecosystem integrates seamlessly with any platforms the company already uses, data can flow seamlessly, avoiding duplication of effort. Compatibility with existing systems minimizes the costs associated with implementing new systems or the need for additional staff training. It also reduces the time required for the adoption and adaptation of the new financial ecosystem, allowing the company to begin seeing benefits more quickly.
User Experience
It also reduces the time required for the adoption and adaptation of the new financial ecosystem, allowing the company to begin seeing benefits more quickly. If payments are quick and easy, users will be more inclined to complete their transactions.
What do you think about this topic? Do you want to know more about Pilsenga’s international payment service?
If you are interested in Pilsenga products or services, you can contact us by visiting the following link.
