TransferMate

TransferMate Global Payments

Business across North America have traditionally used a bank for making their international foreign exchange payments. Business owners are today becoming more aware that solutions like that offered by TransferMate can offer more value in terms of both time saving and real cost savings compared to using the bank. This is one of the main reasons TransferMate today counts over 15,000 companies as clients and growing fast’ says Barry Dowling, Co-founder of TransferMate.

How can companies get more information on TransferMate?
For any companies today making or receiving international payments in a foreign currency, it is very simple. Register online in minutes on www.transfermate.com/cpamerica or phone their team for more information or to simply compare with their bank. TransferMate also provide a free half hour webinar daily from 11am-11.30am Central time for any business interested in seeing how their online system works. Simply email usa@transfermate.com to book a place at one of the daily webinars.

Key Benefits of using TransferMate for International Payment Processing

1. Significantly lower International Wire Fees than the bank
It is easy to see how a business would be attracted to a service such as TransferMate. On a recent survey of the top 4 banks in North America, average international wire fees ranged from $35-$80.
TransferMate wire fees are typically 90% cheaper than the bank with business paying anywhere from 50cent to $USD5 depending on payment volumes.

"Adding TransferMate as a preferred provider for the association highlights the trend that many of our members are focusing on the global community," said Alan Deichler, president of CPAmerica. "With the growth of international business, it is important for our members to be able to pass along these services to their clients."

2. Better Exchange Rates than the bank
Exchange rate margins applied by banks typically range up to 4%.
Whilst companies often complain about poor exchange rates it is often unavoidable.
TransferMate offer business far superior exchange rates ensuring that in addition to its lower international wire fees, clients realise substantial savings overall compared with using the bank.

3. 24 hour online Multi Currency system
Clients can book international payments 24/7 on the online platform www.transfermate.com
Companies can book multiple payments in seconds and generally far easier than using the bank.

4. Key Accounting Integrations
In addition to a great online system, TransferMate offer clients free customised add-ons for leading accounting softwares such as Sage, QuickBooks, Xero, SAP Business One and Netsuite enabling clients to significantly cut down on double entry back and forth between their bank and their accounting software. Clients can in effect sign up, download the addon and actually make their international accounts payables direct from their accounting software.

5. 24 Hour Customer Service Phone Line
TransferMate provide clients globally with a 24 hour local phone line to contact their payment advisors. Corporate clients have a dedicated contact person in TransferMate through which to book payments or provide advice on payments.

Manage payables and receivables
Whether your business receives international payments from clients based outside of the US or makes payments to vendors outside of the US, Transfermate will make sure to move your money faster and cheaper than using the bank.

6. Security/ Regulation
TransferMate is today licensed in more countries worldwide than virtually any bank.
This is something that their global compliance team are proud of and also enables TransferMate to speed up payments for clients by using its own global bank account network to transfer funds faster
than a bank. Below is a list of TransferMates major global regulation:

USA
TransferMate is registered with Fincen and is also licensed and bonded state by state. Additionally, all payments are also underwritten by Liberty Insurance Underwriters providing clients with enhanced security.

Europe
TransferMate is a regulated European payment institute covering all 26 countries in Europe

Australia/New Zealand
TransferMate is regulated by Austrac.

Hong Kong
TransferMate is registered as a money service operator with the Hong Kong money service supervision bureau.

How to get more information
Contact Michele Keogh  in TransferMate for more information at 312 924 3737
Email: cpamerica@transfermate.com or simply register on www.transfermate.com/cpamerica

CPAmerica does not specifically endorse the services of providers who have offered preferred pricing to our members. Member firms should use appropriate due diligence when booking such services.