Domestic payments are made within the country between a payer and a payee. Outgoing and incoming payments from and into a country, as well as overseas payments between two parties outside a country, are examples of international payments. Zil Money offers hassle-free international payments.
Payment can be broadly defined as any act offered and accepted to fulfill a monetary obligation. In its most basic form, ‘payment’ denotes the fulfillment of an obligation through the delivery of money. Various methods for making payments using obligations to pay have been developed over the years as an alternative to payment in the form of money, thereby bypassing cash payment, namely, the physical delivery of coins and banknotes, and the inconveniences and risks associated with such mode of payment. Thus, the modern payment system has been described as a simple set of arrangements involving diverse institutions such as money, the banking system, clearing facilities, and everything online.
Go Digital with Zil Money
A noncash payment between a payer and a payee usually requires both to have bank accounts, and a payment order is sent to the bank instructing it to pay. It ultimately results in a debit to the payer’s account and a credit to the payee’s. However, even when the payer pays in cash to a bank and/or the payee is paid in cash by another bank using online channels such as Zil Money, there is a noncash payment.
Zil Money is the best way to go global
Accept payments from more countries worldwide; enjoy hassle-free activation with Zil Money. Accept payments from all over the world. Zil Money accepts many currencies from around the world for international payments. Currency conversion is not required of you; we perform it automatically and in real-time, using Zil Money. Install Zil Money and enjoy the features whenever possible. A simple platform for managing all your financial matters from your smart devices. We understand payments better than anyone, so it makes sense that we will assist you when you take your business globally. With Zil Money’s International Payments, you can provide your company with a cutting-edge payment infrastructure.
How can we make international payments?
Whether you want to buy foreign currency or pay your suppliers abroad, our diverse international business payment solutions can help you get the most out of your money. We also provide a dedicated team of experts to assist you in making the best decision every time.
No Additional Paperwork is Required!
International transactions and exports are typically accompanied by extensive paperwork, which causes unnecessary frustration for international businesses looking to export services. With this solution, they can have their funds directly deposited into their foreign currency bank accounts. International businesses can be established without the need for complicated paperwork.
Avoid costly bank fees
Unlike banks, which may charge high costs for outgoing international wire transfers, Zil Money charges affordable fees.
Competitive exchange rates
Zil Money offers competitive exchange rates for local currency payments, allowing you to save even more money. You can convert the bill amount to the vendor’s currency and display the most recent indicative exchange rates.
Zil Money cloud-based software records your transactions and provides an accurate bank reconciliation solution by connecting multiple bank accounts, ensuring you never miss out on a transaction again! In addition, pay and receive checks, eChecks, and ACH at a minimum cost. And send checks by mail with our $1.25 check mailing service through USPS/FedEx. Also, open an accessible business checking account with Zil Money to transfer money instantly, and send ACH, Wire, and Checks by mail.