Are you a foreign entrepreneur trying to expand your business in the US? While the United States presents immense potential for growth and success, starting a business here may be challenging, especially for those new to the market. You may have to come across certain problems, especially when making payments to suppliers and vendors. This blog will tell you what are the possible payment challenges that you could face and their practical solutions.
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Payment Challenges That Foreign Entrepreneurs Faces
- Since you are new in the market, you may have difficulty finding reliable suppliers. In a situation like this, not getting a supplier’s contract even after you have found the right partner just because you cannot pay them the way they like can be frustrating.
- Some suppliers may only prefer checks. As a foreigner, staying in the US and completing the entire process of sending checks, like ordering them from a third party, printing and labeling them, and finally going to the post office to send them, may not be practically possible.
- As you may have low market knowledge compared to others, there are possibilities of you being targeted by fraudsters. Your checks may be duplicated, or fraudsters may create new checks and claim them as you sent them.
Pay Suppliers Easily with Checks
Foreign entrepreneurs can depend on Zil Money for paying their suppliers real quick. The platform offers fast check mailing options that reduce administrative burden for entrepreneurs. The entire check mailing process that you used to do manually, like printing, labeling, enveloping, and mailing the check, can be automated with the platform. Even the data entry on the check can be automated as the platform can be easily integrated with your accounting software. The integration allows you to import checks directly to the check printing platform.
With the platform, you can also customize your checks. Customizing checks are particularly important when you are new to the market, and you need to promote yourselves. The drag-and-drop feature on the platform allows you to add elements like company logo, font, and more that can enhance the professional look of your checks.
Customization is also important for safeguarding your checks, as it allows you to add elements like watermarks and signatures, which ensures that your checks are not duplicated by fraudsters. Additionally, the positive pay feature on the platform ensures that only the checks of your knowledge are processed by your bank.
Mail Check Without Going to The Post Office
With Zil Money, you can mail checks from anywhere you like. You don’t necessarily have to go to the post office. The platform offers two options for mailing checks. One is USPS, and the other one is FedEx. There are three ways to send checks via USPS, and the first one is express mail. This feature sends your check within two business days and is the fastest check mailing option via USPS. Next, there is priority mail, which takes one to three business days, and then there is first-class mailing, which takes one to five business days. The first class mailing feature is available with and without a tracking facility.
FedEx offers you two options, both of which are extremely important for a busy entrepreneur. The first one is FedEx Overnight, which delivers your check within the next business day and is the fastest mailing option available. The second one is FedEx Saturday, which sends checks even on weekends.
No More Waiting for Pre-Printed Checks
Sometimes, you may have to personally give checks to some suppliers. In a situation like this, waiting for ordered checks to get delivered is not practically possible for a foreign entrepreneur. What they can do is print checks on demand using Zil Money. The platform lets you print checks on blank stock papers, which you can get from any local office supply store. The benefit of printing checks on blank stock papers is that it will save you 80% of check printing costs compared to ordering pre-printed checks.
With the platform, you can print your checks using any printer. That is, you don’t have to buy any specialized equipment for printing your checks. Everything can be done at your convenience.
Pay Your Suppliers the Way They Like
As a foreign entrepreneur who is new to the market, one thing you must always keep in mind is that having a good relationship with your suppliers is the step that leads you to success. You should try to fulfill your supplier’s payment preferences. But the thing is, you may have multiple suppliers preferring different payment options. Here, the best solution you can adopt is relying on Zil Money, which offers multiple payment options with a single subscription.
The platform offers payment options such as ACH, wire, eCheck, payment link, and multiple other payment options in addition to check mailing and check printing. All these payment options are reliable and affordable.
Conclusion
Foreign entrepreneurs trying to build their position in the US market can completely rely on Zil Money for simplifying their payment operations. The check mailing and check printing facility offered by the platform allows entrepreneurs to overcome all the challenges they face while using traditional checks. The multiple other payment options offered by the platform are also equally beneficial.
