TransferMate
About TransferMate
TransferMate is a global payments software from TransferMate Global Payments that facilitates payment and receipt in over 140 currencies across more than 200 countries and territories. It provides access to the world's largest licensed fintech payments infrastructure, ensuring reliable and compliant transactions. This software combines advanced payment technology, a comprehensive global payments infrastructure, and a high-quality compliance program to support businesses in navigating complex payment landscapes. Users benefit from efficient transaction processes and extensive currency options. TransferMate is designed for businesses that need to manage international payments and receive funds in various currencies easily. Key capabilities: multi-currency transactions global compliance embedded payment technology extensive reporting tools secure payment processing Best for: businesses that need reliable solutions for international payment management.
TransferMate is a global B2B payment infrastructure-as-a-service provider that enables businesses to move money across borders efficiently. By owning and operating a proprietary network of 100 licenses, it bypasses traditional banking intermediaries to offer faster, lower-cost international transactions. The platform is designed for banks, fintechs, and software providers who wish to embed global payment capabilities directly into their own products via API. Key features include multi-currency virtual accounts, real-time FX risk management, and automated reconciliation tools. While the platform is highly robust for enterprise and institutional use, it also provides a web portal for direct business users. Support is provided through dedicated account managers and a global support team, with extensive documentation available for developers. Buyers should note that while the platform is highly scalable, specific pricing is tailored to the business model and transaction volume, requiring a consultation with their sales team.
Pros & Cons
- Provides secure and fast international payment processing services
- Allows users to make payments in multiple currencies easily
- Offers competitive exchange rates, saving money for users
- Streamlines payment processes for businesses, reducing administrative burden
- Provides 24/7 customer support for any payment-related queries or issues.
- Limited currency options available
- Complex fee structure can be confusing for users
- May experience delays in processing times for certain transactions
- Some users have reported system glitches and errors
- Customer service response time can be slow
Features
Key features
Provides a licensed, non-bank payment network covering 200+ countries and 140+ currencies.
Offers pre-built APIs for banks, fintechs, and software providers to integrate cross-border payment capabilities.
Enables the opening of virtual accounts in 35+ currencies to hold, pay, and receive funds locally.
Provides FX forwards to lock in exchange rates and mitigate currency volatility for international transactions.
Includes reference numbers and payer data with every payment to streamline accounting processes.
Additional features
Allows businesses to issue invoices in local currencies and receive funds in their preferred currency.
Utilizes AI-driven monitoring to identify and flag potentially fraudulent transactions.
Implements advanced protocols to identify involvement with sanctioned individuals, organizations, or countries.
Ensures data isolation and role-based access control within the platform.
Provides a testing area for developers to perform end-to-end integration testing.
Generates detailed reports to assist with financial tracking and compliance requirements.
Allows partners to offer payment services under their own brand using TransferMate's infrastructure.
Supports various payment methods including ACH, Same Day ACH, domestic wires, and international wires.
Pricing
Countries & Languages
Interface languages
Billing currencies
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About TransferMate
TransferMate is a global payments software from TransferMate Global Payments that facilitates payment and receipt in over 140 currencies across more than 200 countries and territories. It provides access to the world's largest licensed fintech payments infrastructure, ensuring reliable and compliant transactions. This software combines advanced payment technology, a comprehensive global payments infrastructure, and a high-quality compliance program to support businesses in navigating complex payment landscapes. Users benefit from efficient transaction processes and extensive currency options. TransferMate is designed for businesses that need to manage international payments and receive funds in various currencies easily. Key capabilities: multi-currency transactions global compliance embedded payment technology extensive reporting tools secure payment processing Best for: businesses that need reliable solutions for international payment management.
TransferMate Details
TransferMate's In-App Market Place
Does TransferMate have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
5
Mini Apps
1. QuickBooks Integration - Automatically sync your payment data with QuickBooks accounting software for easy financial management.
2. Salesforce Integration - Seamlessly integrate TransferMate payments with Salesforce CRM to streamline your sales process.
3. WooCommerce Integration - Enable TransferMate payments on your WooCommerce e-commerce store for a convenient payment processing solution.
4. Xero Integration - Sync TransferMate payment data with Xero accounting software to efficiently manage your finances.
5. Magento Integration - Integrate TransferMate payment processing into your Magento e-commerce platform for a seamless checkout experience.
Pricing Options
Accepted Payment Currencies
AUD (A$), CAD (C$), CNY (¥), EUR (€), GBP (£), JPY (¥), USD ($)
Pros & Cons
- Provides secure and fast international payment processing services
- Allows users to make payments in multiple currencies easily
- Offers competitive exchange rates, saving money for users
- Streamlines payment processes for businesses, reducing administrative burden
- Provides 24/7 customer support for any payment-related queries or issues.
- Limited currency options available
- Complex fee structure can be confusing for users
- May experience delays in processing times for certain transactions
- Some users have reported system glitches and errors
- Customer service response time can be slow
TransferMate's Support Options
Email Address
support@transfermate.comContact
1-877-383-7141Documentation
https://www.transfermate.com/supportCommunity Forums
https://community.transfermate.com/TransferMate's Alternatives
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