Collection and Disbursement: the key to expanding international payments

In the context of deepening globalization, cross-border trade activities have become common and essential for many businesses. However, managing international payments remains a significant challenge, especially for small and medium-sized enterprises. As a result, "Collection and Payment" support solutions have become powerful tools, helping businesses overcome these barriers effectively. Let's explore this service and discover how 9Pay is leading in this field.

What are Collection and Disbursement services?

"Collection" is a service where an intermediary payment party collects money on behalf of a business from customers. Conversely, "Disbursement" is a service that makes payments on behalf of a business to partners or suppliers. These two services combine to create a comprehensive international payment ecosystem, helping businesses optimize their financial processes both domestically and internationally.

The importance of Collection and Disbursement services in international payments

1. Simplifying the payment process: This service helps businesses avoid the complexity of opening bank accounts abroad or facing different legal regulations between countries. Instead, they only need to work with a reliable payment intermediary partner like 9Pay.

2. Cost savings: By leveraging the scale and network of service providers, businesses can significantly reduce transaction costs and foreign exchange conversion fees compared to doing it themselves.

3. Increased transaction speed: International transaction processing times are often significantly shortened thanks to the networks and technology of professional service providers.

4. Better risk management: Collection and Disbursement support services often come with anti-fraud protection measures and regulatory compliance, helping businesses minimize risks in international transactions.

5. Market expansion: By removing payment barriers, businesses can easily access customers and partners in new markets without worrying about payment issues.

9Pay's Collection and Disbursement services

9Pay - one of the payment intermediaries in Vietnam, has developed Collection and Disbursement services with many outstanding features, meeting the growing needs of businesses in the field of international payments.

• Extensive network: 9Pay has partnerships with many international banks and payment intermediaries, allowing transactions with many countries and territories.

• Diverse payment methods: The service supports many popular payment methods globally, from credit cards, bank transfers to e-wallets.

• Competitive exchange rates: 9Pay provides competitive exchange rates, helping businesses optimize costs in international transactions.

• High security: Applying top security standards, end-to-end encryption, and multi-factor authentication to ensure the safety of all transactions.

• Detailed reporting and cash flow management: Providing real-time reporting tools, helping businesses track and manage cash flow effectively.

• 24/7 support: A professional support team ready to answer all questions and resolve issues quickly.

Benefits of using 9Pay's Collection and Disbursement services

1. Save time and resources: Businesses don't need to invest in building their own international payment systems.

2. Increase competitiveness: The ability to provide multiple payment methods and process transactions quickly helps businesses enhance customer experience.

3. Easy business expansion: With 9Pay's support, expanding into new markets becomes easier than ever.

4. Reduce financial risks: 9Pay helps businesses manage exchange rate risks and ensure compliance with international legal regulations.

5. Focus on core business: By entrusting international payments to 9Pay, businesses can focus on their core business activities.

In today's globalized business world, Collection and Disbursement services have become an indispensable tool for many businesses. By using this service from 9Pay, businesses can overcome international payment barriers, expand markets, and optimize their financial processes. With an advanced technology platform, extensive network, and commitment to service quality, 9Pay is reshaping the way businesses conduct cross-border transactions, bringing unprecedented convenience, safety, and efficiency in the field of international payments.