payments

B2B Pay

International B2B payments

When it comes to international B2B payments there are not a great deal of options. In almost all cases the importing company will simply initiate a payment with their local bank, which will then send the money to the exporter's bank, possibly through some intermediary banks. Each bank will want to make money on the transaction. Consequently the incurred fees can at times even exceed 6%. Considering that most profit margins are not very big for companies in competitive markets there is a huge potential for savings.