5 Things to consider when accepting cross-border payments

We live in a global economy where increasingly businesses are expanding internationally to drive growth. When it comes to payments, it’s easy to underestimate the complexity involved in receiving money across borders. Receiving money internationally is complicated, because there isn’t one ubiquitous system in place for routing money across borders. Instead, banks are linked through a correspondent system, which can makes things slow, inefficient and costly. The challenge is to remove that friction and present your international customers with the same seamless experience they’ve come to expect in their domestic payments. Read more…