An Overseas Money Transfer Guide for Small Businesses

A plethora of small businesses the world over have used the Internet to good effect, by reaching out to customers from different parts of the world. While the growth is welcome, the process of selling services or products internationally comes with its share of challenges.

International money transfer

A commonly faced problem is that of having to deal with poor exchange rates and paying steep currency exchange fees. Fortunately, the online world comes to the rescue again, giving small businesses various options from which to choose.

Several international money transfer companies have come up in the last two decades, mainly because of Internet-based advances.…

Continue reading

Smart Ways to Manage International Transactions for Your Small Business

Having an international presence is one of the best choices a small business can make.

With the international consuming class expected to grow by 75% to 4.2 billion people by 2025, expanding your operations overseas will give you the opportunity to capitalize on international demand and enhance sales potential of your current offerings.

International transaction

In addition, you get to source products from low-cost countries and recruit skilled individuals.

But while global expansion increases your potential for growth, it’s not without challenges. A major one is international payments. Conventional banks often put hefty fees on international transactions for businesses. Also, managing business finances across multiple currencies is no easy feat.…

Continue reading