Remitr Business Payments

The stress-free alternative to wire transfer

5.0•1 review•

27 followers

The stress-free alternative to wire transfer

5.0•1 review•

27 followers

•

•

REMITR is the fastest, cheapest and easiest way to send and receive money internationally. There are no sneaky, hidden exchange rate fees involved. With REMITR, you get access to the best FXrates - no matter what the currency.

Remitr Business Payments: The stress-free alternative to wire transfer | Product Hunt

This is the 3rd launch from Remitr Business Payments. View more

Remitr Global Business Account

Free, virtual $, €, £ bank accounts for small businesses

Remitr Global Business Account (GBA) offers USD, GBP, and EUR accounts, that slash the cost of international sales. GBA is designed for eCommerce stores, Exporters, and SaaS companies that get paid by customers abroad, or via platforms like Stripe or Amazon.

Remitr Global Business Account gallery image

Launch Team

Kanchan Kumar

Remitr Business Payments

Maker

Hi Product Hunters 👋, I'm Kanchan, CoFounder and CEO of Remitr. I'm a big Product Hunt fan and excited to be part of the community. Thank you for checking out the Remitr Global Business Account (GBA)! I'd like to give a huge thank you to @Kevin for your support and for helping us to get in the 'Hunt'! 💡The idea for Remitr Global Business Account (GBA) came after several Remitr customers expressed their frustrations over hefty bank fees and being forced to make expensive currency conversions while doing business abroad. Setting up an overseas bank account is a lot of hassle. Multi-currency accounts are hard to get and have expensive maintenance fees. 💰 This is a struggle that a small business or startup shouldn’t have to go through. We knew we could build a better banking experience and give businesses more control over their money - so, we did! 🏗️ Businesses can use Remitr GBA to: * Instantly open accounts in the US, UK and Europe * Pay and get paid like a local business * Receive payments without incurring wire transfer receiving fees * Get paid faster - Remitr payments arrive in 1 business day (compared to 3-7 days with banks) * Hold multiple currencies and avoid unnecessary currency conversion costs * Save up to 2% when converting funds * Simplify global billing without the overhead of a foreign subsidiary company Here’s an example: When billing your clients in USD and receiving US funds, you likely receive a wire into your primary bank account in Canada. The following week, when you need to make a payment in US dollars, you would need to convert currencies again. You're getting dinged by bank and fx fees TWICE for no good reason. 💸💸💸 One of our customers, who was among the first to start using our GBA, has already saved more than $1400! 👀 🎉 Finally, thank you all for checking out GBA. Feel free to let us know if you have any questions/comments. ❤️

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5yr ago

Saurabh Garg / SG

@kanchankumar This sounds like a great tool for SMBs! Good luck!

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5yr ago

Annkur P Agarwal

@kevin @kanchankumar Money saved is money earned. I already know a couple of friends who can benefit from this. All the best!

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5yr ago

Kanchan Kumar

Remitr Business Payments

Maker

@saurabh Thank you so much! Int'l banking was never designed with SMBs in mind. RemitrGBA changes that!

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5yr ago

Kanchan Kumar

Remitr Business Payments

Maker

@kevin @annkur Well said. It is even more so in current business environment.

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5yr ago

Shachin Bharadwaj

@kanchankumar Hey congrats! Will refer this to few friends in LA now!

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5yr ago

Sandeep Todi

Remitr Business Payments

Maker

Hello Product Hunt 👋, I'm Sandeep, Remitr CoFounder and Chief Business Officer. We’re thrilled to share our Global Business Account (GBA) with you: a new solution for better international banking. The Remitr GBA allows businesses to have predictability over cash flow 💵 and control over bank fees at a time when it’s most vital to their success. Enabling online sales and accepting payments via credit cards is a solved problem. However, efficiently receiving payments for your invoices, has been ignored and is extremely costly. The vast majority of businesses are not fans of incurring credit card processing costs or exposing themselves to chargeback risks. The fees can become especially large when dealing with invoice payments of $5k or more. Paying international suppliers and/or contract employees means another set of currency conversion costs since they need to be paid out of a local bank account, or an expensive US bank account. This is why we designed Remitr GBA for online sellers 🛒, SaaS companies 💻 and exporters 🚚. We want to help keep sales revenue with the seller. GBA helps businesses focus on their sales 📈, instead of worrying about how much is being carved out on bank fees and currency costs. We’re excited to launch with the Product Hunt community. I’m happy to answer any questions and welcome candid feedback. Do not hesitate to reach out here or DM me on Twitter - https://twitter.com/sandeeptodi FYI - We have an exclusive promotion of $100 off all payments (both local and international) for the Product Hunt community! Sign up using the Website link on Producthunt. *P.S: This offer is not redeemable for cash and cannot be transferred. The offer is the discretion of Remitr and can be withdrawn at any time.

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5yr ago

Nikhil Jois

Donate to India's Covid Relief

This looks amazing, Kanchan and team. Curious to know what you think of use cases involving freelancers who aren’t registered a business entity. Is this an alternative to using PayPal or a similar service to get money wired in?

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5yr ago

Kanchan Kumar

Remitr Business Payments

Maker

@nikhiljoisr Remitr GBA provides huge savings on fees compared to other services or bank wires. You get your own virtual bank account in the US/Europe/UK and this account requires you to have a registered business. This allows you to get paid in US/Europe just like a local business, and your funds are transferred to your own country without any wire charges. The savings on bank fees and currency conversion would far outweigh the cost of incorporating your business.

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5yr ago

King

@nikhiljoisr @kanchankumar Does this work only in US/Europe/UK? What about Africa and Asia? Isn't it truly global?

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5yr ago

Kanchan Kumar

Remitr Business Payments

Maker

@nikhiljoisr @_edric_ Global Business Account opens the virtual bank account in these countries/currencies, to help get paid from customers from there. However, companies wouldn't need to be incorporated in these countries. Also the payout to suppliers could be 150 countries in the world. The idea is to allow small businesses to buy from any country and sell to any country, in a compliant fashion, with ease and at minimal cost.

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5yr ago

King

@kanchankumar You didn't mention Africa or Asia?

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5yr ago