Transfermate
TransferMate is a fully regulated international payments network that lets businesses make cross-border transfers with no B2B payment fees, using real-time exchange rates.
Who this integration is best suited to
The TransferMate integration with AccountsIQ suits businesses making frequent international payments in bulk, particularly those paying or receiving multiple currencies across several jurisdictions. Companies needing local bank accounts where they receive funds benefit most from this connection each cycle. TransferMate also supports the ability to forward buy and hedge currency locally in its product.
How TransferMate works with AccountsIQ
Through the TransferMate integration with AccountsIQ, bulk payments in multiple currencies are booked, authorised and released directly from within AccountsIQ. Real-time exchange rates are locked in at the point of payment, and TransferMate's fully regulated network then releases funds to the beneficiary in their own country automatically each time.
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FAQs
Does TransferMate integrate with AccountsIQ?
Yes. The TransferMate integration with AccountsIQ is embedded directly into the platform, letting businesses book, authorise and release bulk international payments in multiple currencies without leaving AccountsIQ.
Is TransferMate suitable for businesses that receive foreign currency payments?
Yes. It's well suited to businesses that receive foreign currencies, particularly those needing local bank accounts in the jurisdictions they're paid from.
Can I lock in an exchange rate before making an international payment through AccountsIQ?
Yes. TransferMate locks in a real-time exchange rate at the point of payment, and also supports businesses that forward buy or hedge currency.
