Transaction fees

Businesses that use a Bitcoin payment processor typically pay lower transaction fees, especially compared to other traditional payment methods, which significantly reduces the organization’s operating costs.

It’s important to note that by using a Bitcoin payment processor, transactions are carried out directly between the customer and the company, eliminating transaction fees that may arise from third-party intervention.

Fast and efficient transactions

A Bitcoin payment processor helps reduce a company’s operating costs by enabling faster and more efficient transactions, especially compared to traditional payment methods (e.g., cards or bank transfers). While Bitcoin’s processing times are the slowest compared to other cryptocurrencies (ranging from 10 minutes to an hour), these transactions can be performed instantly thanks to Lightning Network technology.

By having fast and efficient transactions, companies can improve their cash flow and reduce operating and administrative costs by streamlining financial operations, minimizing late payment management, and reducing accounts receivable.

Independence from traditional banking systems

By using a Bitcoin payment processor, businesses can achieve greater independence from traditional banking systems, which means fewer expenses related to bank fees and additional operations, such as account maintenance or additional fees for faster transactions. This way, businesses not only optimize their financial resources but can also become more efficient and competitive.

Currency conversion

A Bitcoin payment processor helps reduce a company’s operating costs by minimizing or avoiding currency conversion fees, especially when businesses operate internationally.

It’s important to note that when an international transaction is made through a Bitcoin payment processor, the transaction is direct (between the customer and the business), avoiding the involvement of external banks or financial institutions that generate hidden fees for currency conversion, multi-currency transactions, or international transactions, something very common with many traditional payment processors.

Eliminate chargebacks

Companies that use Bitcoin payment processors reduce chargeback costs. It should be noted that many companies have been victims of fraud, which is carried out through chargebacks or fraudulent disputes, a risk that is reduced by the use of a Bitcoin payment processor, as it offers irreversible transactions.

What do you think about this topic? Would you like to learn more about Pilsenga’s Bitcoin payment processor service for businesses?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post How a Bitcoin payment processor can reduce a business’s operating costs? first appeared on Pilsenga blog.

Tailor-made service

It’s important for companies to have an international payment service that meets their needs, as this will allow them to have a platform tailored to their expectations, capabilities, and number of financial transactions. Pilsenga stands out in this regard, as its payment platform has been designed to meet the needs of each company, especially in terms of size, characteristics, and business sector.

Protocols and security measures

It’s essential for businesses to have a payment service that protects their users’ information and offers peace of mind when conducting international transactions, which can be achieved through a platform with a high level of security.

At this point, Pilsenga stands out, since its platform has several protocols and security measures that comply with the different local regulations and standards of the financial industry, among which the following stand out: transaction approval, identity verification platform, custody of multiple assets, integration of security controls, data encryption, multi- factor authentication, among others. 

Regulatory compliance and risk management

Transnational companies must have a payment service that complies with the various standards and regulations, both within the sector and the region, especially to avoid fraudulent activities and fines or sanctions from authorities and regulatory bodies.

At this point, Pilsenga stands out, since, in addition to complying with the different regulations (local and regional), it also advises companies on how to comply with the various standards and regulations in the sector. This way, companies can improve their operational efficiency and risk management, avoiding fraudulent activities such as money laundering, terrorist financing, among others.

Payment gateway with broad asset support

It is important for transnational companies to have a payment service that provides support and offers its users different payment options. This is where Pilsenga stands out, as it offers its customers a payment gateway that works with various fiat and crypto assets through the use of a multi-currency IBAN account (which allows sending and receiving SEPA and SEPA Instant payments) and the use of cryptocurrencies such as Bitcoin, Ethereum, and USDC.

It’s important for multinational companies to have a payment service that supports and offers its user’s different payment options. Pilsenga stands out in this regard, offering its customers a payment gateway that operates with multiple fiat and crypto assets, either through the use of a multi-currency IBAN account (allowing them to send and receive SEPA and SEPA Instant payments) or through the integration of cryptocurrencies such as Bitcoin, Ethereum, and USDC.

Wallet and Exchange

Due to the use of digital assets as a payment alternative in many international markets, transnational companies have found themselves in need of financial tools that allow them to manage different digital and fiduciary assets. Pilsenga stands out in this regard, as it offers its clients complementary services. as Wallet and Exchange, which allow companies to manage their digital and fiduciary assets in an effective and versatile way.

With the Wallet service, businesses can send, receive, store, and safeguard both cryptocurrencies and fiat currencies, while with the Exchange service, businesses can buy, sell, and exchange cryptocurrencies.

Batch payments

Companies generally look for an international payment service that helps them optimize their business operations and manage group payments. Pilsenga stands out in this regard, as it offers the complementary batch payment service, which helps companies manage (automatically and optimally) their payroll, supplier, and other payment operations.

What do you think about this topic? Would you like to learn more about Pilsenga’s International Payments service for businesses?

If you are interested in Pilsenga products or services (including international payments for businesses), you can contact us by visiting the following link.

The post International Payments for Businesses: Why Choose Pilsenga? first appeared on Pilsenga blog.

Expensive service

Some people and companies believe that accounting packages for companies have high costs, especially for medium-sized companies, however, most accounting packages are designed to help companies, both in profitability and scalability, and since there are several providers in the market, their prices end up being more accessible due to free competition.

Accounting packages are tools that adapt to the needs of each company (whether small, medium or large), in addition to the fact that there are different alternatives on the market, all of this allows finding accounting packages that are more accessible and in accordance with the needs of each company or business.

Designed only for a business sector

Many individuals and businesses have come to believe that business accounting packages are designed only to meet the needs of a particular business sector; however, accounting packages are designed to fit the needs of each organization and can be customized by industry or sector. For example, Pilsenga’s accounting package can be tailored to the needs of medium-sized businesses and the energy sector.

Medium-sized companies do not need this tool

Many people and companies believe that accounting software is a financial tool that is useful for large businesses. However, accounting software can be used in businesses of all sizes (e.g., medium-sized businesses), helping to optimize and simplify financial management through automation, accuracy, and efficiency.

They need updated accounting systems to integrate

Some people and businesses think that mid-sized accounting software packages can only integrate with up-to-date or cutting-edge accounting systems. However, the truth is that business accounting software packages are designed to integrate with any type of accounting software or business system, enabling businesses to immediately use this financial tool.

There are no differences between the accounting packages

Some people believe that there is no difference between the different types of accounting packages offered by vendors. However, the truth is that accounting packages are designed to meet the needs of each company, offering different features, integration capabilities, scalability, and complementary services.

Difficult to use

Many people and companies believe that accounting packages for medium-sized businesses are difficult to use, as they require a high level of knowledge about computers. However, most accounting packages are designed to be used in a practical and easy way, characterized by having an intuitive user interface to help make accounting processes more efficient and user-friendly.

They only provide financial records

Many individuals and businesses believe that accounting software packages only provide financial records and are, therefore, not essential. However, accounting software packages aim to help businesses optimize all their accounting processes. Through this tool, companies can manage payroll, prepare budgets, monitor cash flow, ensure tax and regulatory compliance, and more.

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The post Seven myths about accounting packages for medium-sized businesses first appeared on Pilsenga blog.

Tailor-made service

When choosing a financial services provider with access to the European SEPA Network, it is important that said service is adapted to the needs of our company or organization. Pilsenga stands out in this regard, as it is a company that has the capacity to offer a “tailored” service that can meet the specific needs of each company, helping it to meet the financial objectives of the organization and the regulations of the sector in a more effective and efficient way.

High level of security

It is important that the provider has a high level of security, as this allows it to protect the financial resources and personal information of users. At this point, Pilsenga stands out, since its platform has different protocols and security measures, which allow it to protect the personal data and financial resources of its clients, providing greater confidence and peace of mind to its users to carry out all types of operations.

It is important to highlight the protocols and security measures implemented by Pilsenga they comply with the different standards and regulations of the financial industry, which allows them to maintain a high level of security on their platform.

Additional services

When choosing a SEPA payment provider for companies, you should take into account what additional or complementary financial services the provider offers. On this point, Pilsenga stands out, as it offers a wide range of financial services that help companies improve their financial management. Some examples of these complementary services are: dedicated IBAN accounts, payment processors, batch payments, and wallets.

Compliance and risk management

It is important for the SEPA payment service provider to help customers comply with the different rules and regulations. of the sector. In this point, Pilsenga stands out, as it helps companies comply with the different regulations and standards of the financial industry, which avoids legal problems and reduces the chances of receiving sanctions or fines, in addition to helping prevent money laundering and other fraudulent activities.

24/7 Customer Support

It is important that the SEPA payment provider has good support and customer service, as this will allow us to resolve any questions or setbacks that may arise. Pilsenga stands out in this regard, as it provides companies with personalized and efficient customer service and support. An example of this is Pilsenga’s 24/7 dedicated manager service, which offers companies a unique and personalized experience for each customer. Currently, this service is available to all customers who are looking for a solution to solve any problems or issues that may arise. The service is available 24/7 and is offered in the client’s language (through native speakers). The service is currently available in English, Spanish, Italian, and Lithuanian.

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The post European SEPA network for businesses: Why choose Pilsenga? first appeared on Pilsenga blog.

Comprehensive financial services

E-money solutions allow users to send and receive online payments to market different products and services. Pilsenga stands out in this area, as it is an e-money and IBAN agency that offers e-money solutions through a wide range of comprehensive financial services, such as SEPA payments, IBAN accounts, batch payments, digital wallets (Wallet), and Exchange, among others.

Intuitive user interface

It is important that the provider’s platform is intuitive and easy to use, as this will allow you to take advantage of all its functions, improve the user experience, and increase the level of customer satisfaction. Pilsenga stands out in this regard, as it is a company that offers electronic money solutions (E-Money Solutions) through a friendly and intuitive platform, which allows its users to: users to manage their financial resources and make electronic money transfers in a quick and easy way, in addition to offering complementary tools such as digital wallet (wallet), which allows its users to users, manage their digital assets in an efficient and user-friendly way.

Personalized service

Most companies are looking for e-money solutions that fit the size and needs of their organization, as well as receive fast and efficient support. Pilsenga stands out in this area, as it offers e-money solutions through a personalized service, which is tailored to each company and is available 24/7 (through its dedicated manager service).

Increase market reach

Many companies are looking for e-money solutions that can help them reach new territories or increase their market reach. Pilsenga stands out here, as it is a company that offers “scalable” e-money solutions, which allow companies to expand their market reach and operate in different countries or territories. An example of this is the multi-currency IBAN account service, which allows sending and receiving payments in more than 30 currencies and between more than 150 countries.

Security and compliance

It is important that the electronic money service provider has a platform with a high level of security since this decreases the possibility of losses, theft, failures, and delays in electronic transactions. In this point, Pilsenga stands out, as it offers electronic money solutions through a platform that has a high level of security since it applies different security measures and protocols such as identity verification, integration of security controls, custody of multiple assets, approval of transactions, among others, in addition to complying with the different rules and guidelines established by the financial industry, which avoids legal problems and fines/penalties by authorities or regulatory bodies in the sector.

What do you think about this topic? Do you want to know more about Pilsenga’s e-money solutions?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post E-money solutions: Why choose Pilsenga? first appeared on Pilsenga blog.

Types of accounting packages

Currently, there are several types of accounting packages for companies, each one adapting to the needs of each organization. It is important to keep in mind that the characteristics, needs, and level of complexity may vary depending on the size of each company.

Basic accounting packages

Entry-level accounting packages are financial tools that are designed for small and micro businesses that do not need complex functions to manage their financial operations. Generally, this alternative is easy to use and its price is lower compared to other alternatives on the market since it offers basic functions such as invoicing, expense tracking, and basic financial reports, which is an ideal financial tool for small businesses. However, this tool has many limitations regarding scalability.

Intermediate Level Accounting Packages

Mid-level accounting packages are financial tools designed for businesses that want to grow or expand their operations and require more features, whether additional or complementary. These types of packages are characterized by offering scalability to companies, in addition to allowing easy integration with other accounting systems, which makes them an ideal option for medium-sized and growing companies.

Advanced Accounting Packages

Accounting packages are designed for companies that require more advanced and automated functions, such as managing and integrating all financial operations and administrative processes, as well as having the ability to integrate with other pre-existing accounting or financial systems.

Generally, these types of packages require a certain level of advice or training to take full advantage of all their functions, which makes them an indispensable tool for large companies that need to optimize their operations, manage their business processes, and improve the financial efficiency of the entire organization.

Specialized accounting packages or customized

Specialized or customized accounting packages are designed to meet the needs and regulatory requirements of a specific industry. They are generally characterized by offering functions specifically designed to help with the management and financial challenges that certain companies in certain industrial sectors may face. Some industrial sectors that use this type of tool are the health sector, energy sector, construction sector, hotel sector, and non-profit organizations, among others.

What do you think about this topic? Do you want to know more about Pilsenga’s business accounting packages?

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The post Main types of accounting packages for companies first appeared on Pilsenga blog.

Better financial management

Euro IBAN accounts provide companies with better control of their finances, helping to improve the financial stability of the organization, as well as allowing personalized management through dedicated IBAN accounts, which allow companies to carry out transactions in an orderly and efficient manner.

Cross-border transactions

Euro IBAN accounts for companies allow cross-border transactions (payments and collections) to be carried out easily and effectively, which helps companies optimize their international operations and expand their market reach, since through this type of account, transactions can be made with suppliers, customers, and employees who are located in the more than 88 countries that have adopted the IBAN system.

High level of security

Euro IBAN accounts for companies (EURO IBAN Account) have a high level of security (especially compared to traditional accounts), which allows it to offer companies greater protection in their financial transactions and in the management of their users’ personal information, which reduces the risk of fraud, theft, or possible threats.

Compliance with industry regulations and standards

Euro IBAN accounts for businesses that help comply with financial industry regulations and standards, allowing Financial operations to comply with certain industry standards of security and transparency, which reduces the risk of sanctions, fines, or legal problems.

Optimized and efficient transactions

Euro IBAN accounts help companies optimize and improve the efficiency of their financial transactions since these types of accounts are integrated with the SEPA (Single Euro Payments Area) payment network, which allows for faster, more transparent, and lower-cost transactions within the Eurozone. All this allows companies to optimize their financial operations, reduce their operating costs, and improve the financial efficiency of the entire organization.

Additional services

Generally, providers of IBAN accounts in euros for companies offer additional or complementary financial services, which allow for to improvement of the functionality of the IBAN accounts in euros, helping companies to improve and optimize their financial operations and resource management. Among the main complementary financial services are accounting packages, batch payments, digital wallets, and payment processors, among others.

24/7 Access

Euro IBAN accounts for companies offer 24/7 access through online platforms, allowing companies to manage their finances at any time from any location, meaning that time zones are no impediment to carrying out a financial transaction or operation, which means greater flexibility to make decisions in a timely manner in response to any financial need or opportunity.

What do you think about this topic? Would you like to know more about the Euro IBAN account service for companies in Pilsenga?

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The post Seven advantages of Euro IBAN accounts for companies first appeared on Pilsenga blog.

Multi-currency dedicated accounts

Multi-currency dedicated accounts allow medium-sized businesses to hold, send, and receive financial assets in multiple currencies from a single account. It is important to note that the number of currencies available varies depending on the service provider. For example, in the case of Pilsenga, its multi-currency accounts work with more than 30 currencies, providing a flexible solution adapted to the needs of international trade.

Electronic money

Through the electronic money service, medium-sized companies can carry out their transactions or financial operations effectively and efficiently, especially thanks to the use of currencies or digital assets (which are stored electronically), which allows them to streamline their financial operations and have more flexibility, since cash is not used and dependence on traditional banking services is reduced.

Electronic money services are financial solutions designed to meet the needs of many medium-sized companies, as they allow them to manage funds, improve cash flow, send/receive payments quickly, monitor transactions in real time, reduce operating costs, among others. All of this improves the financial management of the entire organization.

Batch payments

Through the batch payment service, medium-sized companies can carry out multiple payments through a single operation or transaction, which allows for several payments to be made quickly and efficiently, in addition to minimizing manual errors and optimizing the financial resources of the entire organization. It is important to note that these payments can be made to both suppliers and workers (payroll payment).

FIAT Online Ledgers

FIAT online ledgers or online accounting books are financial tools that allow medium-sized companies to manage all their transactions and operations (income, expenses, assets, liabilities) in fiat currency (FIAT) online, which allows the company to have better management and control of its financial resources.

Virtual Currency (VC) Ledgers

Virtual currency (VC) ledgers, or virtual currency accounting books, allow medium-sized businesses to record and manage all their financial transactions/operations (income, expenses, assets, liabilities) in virtual currencies or cryptocurrencies.

Digital Wallet (Wallet)

Digital wallets offer medium-sized businesses a practical solution to securely store the private keys needed to manage their cryptocurrencies and other digital assets. These software-based tools stand out for their ability to streamline payment processes and enable more secure and efficient online transactions, thus facilitating the financial management of medium-sized businesses in the digital environment.

Exchange

The Exchange service allows the exchange and trade of financial assets, including cryptocurrencies, digital assets, or foreign currencies. By having an Exchange service, medium-sized companies can buy, sell or exchange their digital assets and become part of the financial ecosystem by having access to a real-time exchange platform.

What do you think about this topic? Do you want to know more about financial services for medium-sized businesses?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post What financial services might a medium-sized company need? first appeared on Pilsenga blog.

Type of functions

When choosing a business accounting package, it is advisable to evaluate the tools and features included in the service. This point is important, as the accounting package must-have features that allow you to automate tasks such as invoicing, payroll, financial reporting, group payments, and expense tracking, which are essential for the efficient management of a company.

Security level

When choosing a business accounting package service provider, it is advisable to evaluate the level of security that the provider’s platform and ecosystem have. This point is essential since an accounting package must have a high level of security to protect user’s financial data and personal information.
At this point, it is advisable to evaluate whether the provider implements security features such as identity verification, data encryption, and two-factor authentication (2FA), among others.

Regulatory compliance

It is advisable to evaluate whether the supplier complies with local laws/rules, regulatory requirements, and different financial industry standards, as this ensures that the accounting package meets certain quality and security standards, allowing the company to comply with its legal obligations and avoid receiving sanctions related to regulatory or statutory non-compliance.

Level of integration

It is advisable to evaluate the capacity and level of integration that the provider’s platform has with other pre-existing accounting systems, as this will allow for greater flexibility and a constant flow of information between the multiple systems and departments that make up the company, which will improve the efficiency, coordination, execution, and planning of the company’s operations.

Scalability capacity

It is important to evaluate whether the provider’s platform is scalable, as this will allow the company to grow and operate in new markets or territories, in addition to better adapting to the specific needs of its new clients and managing large volumes of financial transactions.

Operating costs

An accounting package for businesses allows reduced costs by automating accounting tasks. However, when choosing a provider, it is advisable to evaluate and compare the costs/fees of their platform. It is important to note that some providers offer competitive operating costs, and all their fees are public knowledge, however, there may be some “hidden” fees related to certain additional functions, support systems, or trading volume.

What do you think about this topic? Do you want to know more about Accounting Package Providers for Businesses?

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The post Accounting Package for Businesses: Tips for Choosing the Ideal Provider first appeared on Pilsenga blog.

Environmental and financial regulations

Environmental and financial regulations have a major impact on energy sector companies, as many of these companies rely on natural resources and contribute significantly to pollution and greenhouse gas emissions. Environmental financial regulations include rules on emissions, waste management, and resource extraction, which incentivize companies to adopt more sustainable practices, which can be beneficial in the long term but, in the short term, can entail certain challenges and financial burdens.

Financial market regulations

Financial market regulations were developed with the aim of promoting fair competition, preventing monopolies, protecting consumers and driving energy sector companies towards sustainable practices. However, these types of regulations can affect energy sector companies, as they tend to shape the competitive landscape, and operational dynamics, and regulate prices, market access, and business practices.

Compliance with international standards and regulations

International norms and standards keep competitors on a level playing field and encourage sustainable and responsible business practices, so companies operating internationally must comply with various international standards and agreements (e.g. Kyoto Protocol or Paris Agreement). However, compliance with international norms and standards can significantly impact energy companies, as these norms ensure uniformity, transparency, and accountability at an international level.

Tax regulations

Generally, a company’s taxes or fiscal commitments are a great responsibility, which can generate a certain financial burden, however, they can also help shape investments, strategies, and competition in the market.

In the case of companies in the energy sector, they may be subject to specific tax regulations, such as taxes on profits, resource extraction, and carbon emissions, which can vary significantly depending on the region or country in which they operate, so these types of regulations can directly affect the financial outlook of companies in the sector, since these regulations or rules can change at any time due to various factors: geopolitical changes, new international standards, among others.

Financial reporting and disclosure standards

Through financial reporting and disclosure standards, energy sector companies can ensure transparency, accountability, and trust, operating in an open and responsible manner. However, such regulations may affect companies in the sector since they, by following specific financial reporting standards (such as Generally Accepted Accounting Principles or International Financial Reporting Standards), must disclose information about their financial performance, risks, and environmental impact.

What do you think about this topic? Do you want to know more about the financial services of companies in the energy sector in Pilsenga?

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The post Financial rules and regulations that may affect companies in the energy sector first appeared on Pilsenga blog.