You can take your payments with TransferMate online to ease and secure them abroad. TransferMate: The full TransferMate setup tutorial is below.
Getting started
Signup: Sign up for an account on the TransferMate website. So you need to put business data and identity check.
Choose your plan: Choose the plan that fits your business. TransferMate has plans for all businesses and sectors.
Integration
API Integration: TransferMate provides APIs for direct connection to your website or mobile application. Add payment gateways, take payments and store customer data securely.
Plugins and SDKs: TransferMate has plugins for major e-commerce platforms (Shopify, WooCommerce, Magento) as well as SDKs for mobile apps.
Payment processing
Payment Gateway: Link TransferMate’s payment gateway to accept payments via the web. Bank Transfer, e-wallet and any other payment are accepted at the gateway.
Multi-Currency Available: Orders with multi-currency are supported through TransferMate and you are ready to accept global clients.
Tokenization: Streamline and secure customer payments with TransferMate’s tokenization service.
Risk management
Fraud protection: Benefit from TransferMate’s fraud protection mechanisms to ensure that you are not a victim of fraud. Detection of suspicious activity is based on machine learning algorithms and real-time data mining built into the app.
PCI Compliance: TransferMate is your one-stop shop for PCI compliance with descoping solutions to lighten the compliance burden and secure your credit card information.
Additional features
User-Defined Checkout: Customize the appearance of your checkout page, list languages and currencies you want to display, and A/B test TransferMate’s Cashier solution.
Reporting and Analytics: Access reports and analytics with more detailed views of payments you’ve made performance, and smart business actions.
Customer support: TransferMate has a customer support team available to solve any problem you may encounter.
Use cases
E-commerce: Perfect for Online stores that want to receive payments fast and securely. Gambling: Allows for payments of online games.
Travel and Financial Services: Pays travel agents and banks.
TransferMate rates
Join TransferMate for free. As banks, TransferMate gets paid at the FX exchange rate they’re quoting but a much better one. TransferMate: you don’t have to pay a transaction fee on FX transfers above €/£5,000 with TransferMate. For small payments or the same currency to jurisdictions, they charge a £/€5 transaction fee per payment.
Processing foreign payments via TransferMate
You have to enable: You will need to install: For the TransferMate integration to function properly, you need to install:
- 2FA: Two-Factor Authentication
- Supplier Bulk Payment Approval: Bulk Payment Approval with Bulk Payment.
- The approver is the user who has to approve bulk payment and accept the Bulk Payment on the set forex rate.
- Verify “Bulk Payments” for the profile under the Maintain Menu Profiles screen: Setting up system users
- Your approver account will have to be able to pay you in the TransferMate portal.
- Your approver will have to have their TransferMate username and password.
Multi-currency payments with TransferMate
With TransferMate you can pay in over 140+ currencies and let your company do business all over the world. Here’s how it works:
TransferMate In-built exchange rates
TransferMate comes with built-in exchange rates for an accurate and just currency exchange rate.
World accounts
Create virtual accounts, and deposit money into world currencies. This means that you can pay and get payments as an expat in another country.
Batch payments
TransferMate supports batch-pay and you can pay up to 10,000 multi-currency payments at a time.
Better transfer costs
When you transfer via TransferMate’s payment systems, you are not paying banks and FX markup.
Analytical live tracking
Get paid at every step along the way with reference number, payee name and everything you need for a quick reconciliation.
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