Compare wire transfers, ACH, International ACH, checks, prepaid card, and PayPal.
Paper checks are ubiquitous to supplier payments, but they’re far from adequate. They are slow, expensive, and highly susceptible to fraud. Thankfully, there are many other options for remitting to suppliers across the globe, from prepaid debit cards to international ACH, wire transfers, and more. Each has benefits and drawbacks that impact the satisfaction of your suppliers and the workload your finance and accounts payable teams face. The most optimal payment method depends on where the supplier is and their expectations.
This guide outlines several payment method options, along with the pros and cons of each. Download now to learn more.
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