Comparing the Top Global Payment Methods

There are over 26,000 global payment rules for paying suppliers in other countries, so knowing which payment method to use is imperative for successful international expansion.

There are numerous ways to pay international suppliers, from prepaid debit cards to international ACH, to wire transfers- but each has its own benefits and drawbacks to your finance teams workload. Although the most optimal payment method depends on where the supplier is and their expectations- managing each type to ensure security, availability and reliability can prove a real challenge. There are numerous options for paying international suppliers, from prepaid debit cards to international ACH to wire transfers and more. Each has benefits and drawbacks that impact the satisfaction of your suppliers and the workload of your finance team. The most optimal payment method depends on where the supplier is and their expectations, but managing each type to ensure security, availability, and reliability can be challenging.

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