Conduit for Accounts Payable
Payments in USD without a US bank account
Why choose Conduit as your accounts payable solution?
Manage your accounts payable more efficiently and cost-effectively.
Avoid lengthy payment delays
Send B2B payments directly into US bank accounts up to 8x faster than traditional alternatives
Make payments around the world faster, easier and cheaper
Conduit enables global USD transactions without the need for US banking or credit cards. This enables businesses to manage accounts payable more efficiently and cost-effectively.
- Speed: Accelerate international payments, ensuring timely settlements and improved cash flow.
- Ease of Use: Simplify the payment process with a user-friendly platform that eliminates the need for US banking or credit cards.
- Cost Savings: Reduce transaction fees and currency conversion costs, making global payments more affordable.
The difficulty of making B2B Cross-border payments
Currency Exchange Rates
When businesses operate in different countries, they often need to make payments in different currencies. This can create additional costs for businesses, as they will need to convert their currency into the currency of the recipient. Exchange rates can fluctuate rapidly, and businesses may find that the rate they were quoted has changed by the time they make the payment.
Regulations and Compliance
Another challenge of cross-border B2B payments is the complexity of regulations and compliance requirements. Each country has its own set of rules and regulations that businesses must comply with when making cross-border payments. These regulations can vary widely, and businesses may need to navigate different tax laws, anti-money laundering regulations, and other legal requirements.
Banking Systems
Banking systems can also pose a challenge for cross-border B2B payments. Each country has its own banking system, and these systems can vary widely in terms of their infrastructure, payment methods, and security protocols. For example, some countries may have more advanced payment systems than others, making it more difficult to make cross-border payments.
Payment Methods
Finally, payment methods can be a challenge for cross-border B2B payments. Businesses may be used to certain payment methods in their home country, but these methods may not be available or accepted in other countries. This can make it difficult for businesses to send and receive payments, especially if they are dealing with unfamiliar payment methods.
Suggested guides for Accounts Payable
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Frequently asked questions about Accounts Payable
Accounts Payable (AP) refers to the money a company owes to its suppliers for goods or services received, representing short-term debt obligations.
Conduit streamlines the AP process by automating invoice management, approvals, and payments. This reduces manual errors, speeds up processing times, and provides real-time insights into payment statuses and cash flow.
Conduit supports multiple payment methods including ACH and SWIFT transfers. This flexibility ensures that companies can pay their suppliers using their preferred methods.
Sending B2B payments directly into US bank accounts can be up to 8x faster than traditional alternatives.