Payout: 3 reasons to bet on cross-border payments28/10/2022
Discover how an online payment platform can help your operations and how easy it is to make cross-border payouts to Brazil
Ever since cross-border transactions carved their niche in online transactions, there no more borders for selling products or contracting services. One of the trends in Brazilian e-commerce over the coming years – cross-border e-commerce – opens up a range of possibilities for the over 200 million consumers in the country, who are interested in the latest products and in more attractive online shopping conditions. According to the Webshoppers 46 report, produced by NielsenIQ Ebit in partnership with Bexs Pay, 54% of e-shoppers made purchases in foreign website in the first half of 2022.
But this is not the only application of the cross-border concept in the virtual environment: an online payment platform enables you to send small or huge amounts from other countries to companies and people in Brazil, for diverse purposes. Payments to suppliers, reward programs, employee payroll, copyrights, payment of media and commissions are some of the purposes for payouts from other countries to Brazil.
Find out below how a cross-border online payment platform works and why payout can be the solution for your company needs.
Payout: international payments available 24/7
In Brazil, the Pix technology enables wire transfers between accounts in any banks within seconds, at no cost to consumers. The service is available 24/7 and has been setting records: in August 2022, almost 500 million keys had been registered by users of the service, developed by the Central Bank of Brazil.
By using the Bexs Pay online payment platform, you can make individual or mass cross-border payments to Brazilian bank accounts instantly. The solution is customizable via API to fit any business model, enabling B2B and B2C transactions. With cross-border payments, Latin America and Brazil have become attractive options for companies in diverse segments to expand their footprint.
Cross-border payments in 5 easy steps
Sending money abroad is no longer a herculean task. Of course, some documents require validation to ensure the security of the operation. But when the process takes place via an online payment platform, it becomes much quicker. See the steps involved in payout processing with Bexs Pay:
- Transfer funds in any currency to a Bexs international account.
- Register and manage your beneficiaries abroad: suppliers, freelancers, employees, advertisers, etc.
- If you wish, request an FX operation from one of the beneficiaries registered or a group of beneficiaries.
- Access the dashboard and check the settlement status in real time.
- The transaction is concluded and the beneficiaries receive the amount in Brazilian Real.
Cross-border payment provider with foreign exchange hedge technology ensures more advantageous conversion
One of the biggest concerns of those needing to send or receive international payments is to obtain the best foreign exchange rate. This task becomes much easier when the payout platform provides exchange rate monitoring in real time, enabling control of exchange volatility.
Through a Payment Service Provider (PSP) with foreign exchange hedge technology, it is possible to manage international cash flows with predictability of costs and mitigation of risks. Moreover, with the use of Pix as a payment method, even low value transactions will have more competitive costs, thus optimizing margins.
Bex Pay combines the convenience of an online platform with the experience of foreign exchange experts, who will provide case-by-case guidance on the best practices to offset losses resulting from variations in the currencies involved in cross-border transactions. Contact us and start sending amounts from any country in the world to Brazil, securely and conveniently.