Are traditional banks the enemy? No, they’re not. There are some things that you absolutely should trust your bank with. But, for your business payments, there’s Remitr.
Here are a few reasons you should add Remitr to your business toolkit and level up your payments game.
Remitr Domestic Business Payments
When you send a bank wire transfer, processing can take 3-5 business days (sometimes more). This can be frustrating as delayed payments can lead to delayed shipments, strained vendor relationships and dissatisfied customers.
Local payments made using Remitr are typically completed in one business day, and in some cases, on the same day!
Sending a wire transfer with a bank, could cost you anywhere from $15-80 per transfer. With Remitr, you pay extremely low fees and get the best foreign exchange rates too! In addition, your beneficiary pays no receiving fees when the funds arrive in their account.
Remitr’s local Canadian payments cost just $1 – check out our Pricing Page for more details.
Forget rushing out of the office during banking hours to wait in obnoxiously long lines for a teller. Say goodbye to filling out complicated forms for each and every transaction.
With Remitr, you can send payments from wherever you are, whenever it suits you – effortlessly.
Remitr International Business Payments
Remitr is the best service available to Canadian businesses for both sending and receiving international payments.
The World Is Your Oyster
We strive to make sending business payments as stress-free as possible – it’s why Remitr was built.
When we say you can send to “Wherever You Do Business”, we’re being quite literal. The expansive Remitr Global Network allows you to send business payments to over 150 countries worldwide!
Have you ever wished you could pay your overseas vendors in their local currency? With Remitr, a Canadian business can pay their Australian staff in Australian dollars, and also pay their Spanish suppliers in euro… it’s all at your fingertips.
The fee to send money to the vast majority of the countries in our Global Network ranges from $1-$5 per payment. There are a few outliers that cost $10, but you’ll never have to pay a cent more than that, regardless of how much you send. Your days of stressing over grotesque bank wire transfer fees are finally over.
And we know that it’s not just the cost of bank wire transfers that can be stressful – it’s also that the transfers can take forever. With Remit, processing of international payments takes just 1-2 business days. How’s that for a win-win?
We Make Getting Paid Easy Too
When you sign up for Remitr, you get your own FREE Global Business Account (GBA).
Your Remitr GBA gives you personalized, virtual bank accounts in the US, UK and Europe. What does this mean? It means you can now receive payments in USD, GBP and EUR for free!
Whether you’re a SaaS company or an exporter, you can have your customers pay directly into your Remitr GBA. If you’re an eCommerce store, you can receive your Stripe/PayPal/Amazon/Shopify sales payouts without any delays.
You can then withdraw funds from your Remitr GBA to your local bank account in CAD at any time you wish – all while saving on foreign exchange costs.
If you’re converting from CAD to USD, you’re likely being charged a markup on the Fx rate – it’s how institutions profit from your transaction. While this may seem reasonable in theory, the markup charged by some service providers can be as high as 5%. And that’s not always an easy pill to swallow.
When you convert currencies with Remitr, you get some of the lowest foreign exchange rates available. This can help you earn upwards of 2% more in currency conversion costs.
But here’s the best feature – you don’t need to convert! With your Remitr GBA, you can HOLD the funds you’ve received in USD, GBP or EUR. No more forced conversions at less than ideal Fx rates. Convert as and when you need to, and not a minute sooner.
Here’s a breakdown of how you can save by switching from a regular USD account to your Remitr GBA:
But don’t just take our word for it – see how Stratenym, one of our clients, has benefited from activating their Remitr GBA.
What Else Does Remitr Offer?
API, Mass Payments & Remitr Sandbox
*Remitr API is the ideal solution for marketplaces that need to make payroll and mass payments.
Remitr’s API (Application Program Interface) puts you in control of making international payments directly from your existing accounting software.
Using our API integration helps you by:
– Preventing any errors in manual data entry
– Enabling timely payments to suppliers and vendors abroad
– Eliminating the need to export data from your accounting system, and then import it into your banking / payment system
Our API means you can automate time-intensive processes like creating transactions, retrieving beneficiary lists, checking exchange rates and so much more.
Remitr Sandbox allows you to test (and re-test!) your API integrations before going live. Signing up for a FREE test account for your Remitr Sandbox will help you implement APIs and send test data, without having to deal with junk data in your “live” Remitr account.
You can automatically register new beneficiaries, create and send multiple payments in one go and make same-day payouts.
It really is the ideal solution for businesses that have contractors or gig workers who expect to be paid at the end of their shift, wherever in the world they may be.
The Remitr platform also integrates with popular accounting software such as Quickbooks Online and Xero. Not only does this allow you to import your accounts payable and make effortless payments in just one click, it also provides API capabilities that mesh with existing solutions for both businesses and financial institutions.
Remitr’s ‘Add User’ feature allows you to invite your accountant or colleagues to set up payments, view a payment’s status and more. Delegate your payments process to build efficiency and claw back your time!
How To Get Started
Signing up with Remitr is simple. All you have to do is create your FREE account. There are no monthly charges, no recurring fees and no contracts!
Once you’ve completed the registration process, you’re ready to send payments worldwide. If you have any questions along the way, you can reach out to our Customer Care team – we’re always happy to help.
Want to find out how Remitr can help with your unique business payment needs? Send us a message or arrange a call with us here.