Many of the world’s finest software companies are based in India. Indian companies have major clients across the world, including in the US and Europe. Unfortunately for these Indian companies, figuring out the best way to receive payments from international clients can be a stressful process.
This stress is caused by numerous headache inducing factors such as dealing with bad foreign exchange rates and trying to communicate with partners in different time zones.
Perhaps the most annoying aspect of it all is the sneaky receiving fees charged on bank wire transfers. These fees mean you never get the full amount that you’re owed.
Thankfully, you can leave these stressful times behind you with REMITR Collect!
How Does It Work?
Once you register for REMITR Collect, you receive a free REMITR Collect Account.
When raising an invoice with your clients, provide them with your REMITR Collect account number. You get separate bank account numbers for the US or for Europe. Your customers can make a local ACH transfer in USA/SEPA transfer in Eurozone to these accounts.
Your REMITR Collect Account allows you to receive payments in Euros and US Dollars. Receiving payments into this Global Account is completely free!
You can withdraw funds in Rupee from your REMITR Collect account to your Indian bank account at any time. Users get notified automatically when funds are credited to their account.
What Are The Benefits of REMITR Collect?
The first of the many benefits is that receiving payments into your Collect Account from US and European customers is completely free.
You can withdraw funds from your REMITR account whenever you wish. And, the good news keeps coming. Funds are transferred to your local bank account within 1 business day of submitting your online withdrawal request.
You then only pay a small flat fee of just $5/€5 to withdraw the funds into your own bank account; wherever in the world it may be. This fee remains the same, no matter how high the amount you choose to withdraw is!
For high volume payments, REMITR also arranges Foreign Inward Remittance Certificate (FIRC) for foreign exchange payments you receive in INR.
REMITR is also accessible 24/7, thus eliminating the excuse of customers who are using distance and time zones as a plausible reason to delay payments.
Our platform is a 100% secure, FINTRAC-registered service that employs state of the art technology to protect your payments and financial information. You can view our payments licensing details here.
For receiving payments, from anywhere in the world, there really is no better way than using REMITR Collect.
There’s no unfair fees and no waiting around to access your money. You get exactly what you are owed, when you’re owed it – and you get access to unlimited transfers!
If you’re in need of a payment service you can rely on, contact REMITR today.