This business-to-person (B2P) payment model can be complex and is further complicated in the international commerce arena by customs and financial regulations that vary from country to country. As a result, companies are seeking secure and efficient payment systems that tackle these challenges head-on.
International Payout Systems (i-payout), a leading global B2P payment technology company, has developed an end-to-end payment solution to alleviate these pain points. For the past 15 years, i-payout has been assisting multinational businesses to efficiently pay their affiliates, employees, consultants, and payees. Through its award winning payment solution and unmatched network, i-payout can service even the most intricate and challenging domestic and global payment requirements. Furthermore, i-payout clients can leverage the company’s white-labeled solution to facilitate payouts through any of its numerous lower-cost payment options.
“Our B2P payment platform allows businesses to send and receive payments around the world in local currencies by wire, EFT, check, prepaid card, credit card, UnionPay, PayPal, and other local payment options,” says Sherif Gabriel, EVP & CRO at i-payout.
i-payout supports payees who are banked, underbanked, and unbanked, and executes global transactions securely and transparently by adhering to KYC or other international, national, and regional regulations. Designed to streamline clients’ payment operations, i-payout’s solution facilitates quick, accurate, and cost effective payouts in the mode preferred by the payee. For instance, the company’s multi-faceted platform allows for paying affiliates or employees in Africa via mobile wallets, which they find more convenient than conventional bank accounts. The platform can also make payouts in cryptocurrencies, which aligns well with Gen Y’s payment preferences. By being payment-agnostic and highly customizable, i-payout can deliver an agile and responsive service to clients, helping them enter new commerce regions that need a local currency payment method.
“We’re now an industry leader in the B2P payment market, offering payments in about 200 countries, 180 currencies, and 20 methods across the globe,” says Gabriel.
i-payout also provides management tools that optimize integrations and streamline workflows.
With its robust solution and attention to ever-evolving customer needs, i-payout adopts a straightforward, hands-on consultative approach to providing its offerings to clients. A typical client engagement begins with the company understanding their needs and business imperatives. Based on this information, i-payout will tailor a solution and help the client get up and running in 10 business days or two weeks. The client can then use the company’s fully integrated, white-labeled payment platform and network to pay their employees, affiliates, or any payees quickly and securely
i-payout worked with a leading U.S.-based direct selling company that wanted to expand to Canada and Europe. The client’s existing payout solution provider could not offer a bespoke solution to help them enter these new markets quickly, efficiently, and compliantly. i-payout came in, identified their needs and expansion plans, and deployed a solution to help them pursue their business imperatives. Post collaboration, the client successfully expanded to Canada, Europe, and even Asia. The company is now planning to enter the African markets with i-payout.
Our B2P payment platform allows businesses to send and receive payments around the world in local currencies by wire, EFT, check, prepaid card, credit card, UnionPay, PayPal, and other local payment options
i-payout is more than just a solution. The company offers unrivaled post-implementation services whereby clients are partnered with a dedicated account manager to work closely with them every step of the way. Payees also have 24/7 access to i-payout's highly trained and certified call center agents, who can assist them in any of 18 languages. The company also conducts quarterly reviews to ensure that its solution is working optimally. To that end, the i-payout team enjoy working closely with clients and listening to their feedback to enhance payout solution’s capabilities and meet their future needs in the payment space.