Businesses today understand the necessity of doing business across the globe. What was once a necessity only for European countries dealing with their neighbors has become an essential part of any business in any country, even in the United States. Unfortunately, a lot of the time this comes with a lot of red tape and unnecessary fees. No one banking solution has it all, and oftentimes the offerings change, leaving gaps in banking coverage as well as the potential for fee structures to change on expectedly.
It was these shortcomings in services that inspired PSI Pay to enter the market and find a solution. What one started as a simple payment processor now provides payment processing and banking services in 44 different world currencies and in 173 countries across the globe.
Most notably, PSI Pay is able to differentiate themselves by being more specialized than a traditional, full service, multinational bank. Rather than splitting themselves up into many different ventures such as business banking, consumer banking, small business lending, and mortgages, PSI Pay focuses entirely on payment processing and current accounts. This allows a business to stay agile and small business oriented.
This focus allows them to cut down on unnecessary transactions and fees. Business customers that are set up with PSI Pay Virtual accounts are able to send and receive payments from customers almost instantly. These account owners are also free to transfer money between PSI Pay accounts and partners with no additional fee. This includes payments to vendors or other suppliers that are also members of the PSI Pay network.
This creates an advantage unique to PSI Pay. Since the services are built for business accounts can be organized in a fashion suitable for business. PSI Pay clients can operate a main corporate account with many sub-accounts and departments below it. This allows for total control and transparency of budgeting, all without additional banking fees for transferring your own money.
What’s important to note is that nothing is really giving up under this system. Clients still have access to ATM and debit card services through PSI Pay. This means that they are still able to make cash withdrawals at ATMs as well as physical debit cards for purchases made in person.
As a whole, PSI Pay excels in cutting out on necessary expenses and simplifying payments and banking for business. They how to become a better choice than their competition not because they do more, but because what they do is more efficient.