Everyday, millions of businesses collect payments from international customers using: Credit cards, invoicing and direct debit. They all present problems: credit cards are expensive, present a high risk of fraud and failed payments, invoicing systems are slow and heavily manual, and direct debit is not cross-border. These options amplify the biggest risks to businesses which are high operational costs, constrained liquidity and low repayment rates.
This is also frustrating for individuals as they are paying hidden fees, marked up rates and left in the dark on their payment status.
A seamless international direct debit solution. Our product combines the simplicity of a guest checkout with the benefits of a bank transfer. By using borderless, businesses can reduce operational costs by 33%, lower risk of fraud and reduce churn, and improve their liquidity with direct to bank with up to same day payments. Their customers can have a one click payment solution with no hidden fees or outrageous exchange rates with transparent payment tracking.