Global Payments

International payments can come with significant transaction fees that can add up quickly, particularly if you need to send or receive money transfers on a regular basis. When routing payments through banks, you can expect to pay an average of $40 per transaction on your end and another $10 to $20 for incoming wire fees. This is especially problematic for smaller transactions, which are becoming more common in today’s gig economy. Furthermore, as international wires use corresponding banking channels, each bank may take a cut of the transaction amount, resulting in an unpredictable and potentially unsatisfactory customer experience.