Send International Payments in Your Supplier’s Local Currency
You may already be familiar with Plastiq’s international payment service, which enables your business to make payments to many countries including India, China, South Korea, and more. Now, Plastiq is introducing a new capability: send payments to your suppliers in their local currency.
Previously, Plastiq delivered funds in U.S. Dollars (USD) to vendors in other countries, leaving your suppliers with the task of converting your payment to the currency of their choosing. Now, Plastiq can convert the payment currency in real-time in your vendor’s local currency. This makes Plastiq the only payment service that allows you to use your credit card to pay your vendors virtually anywhere in the world, in their local currency.
With this new feature, businesses now have one more way they can use the Plastiq Advantage to increase their cash flow. Making international payments to your supplier on a credit card means you don’t have to deploy cash ahead of receiving your shipment.
Make your international payment today
If you’re a business participant looking to participate in the alpha test group of this new feature, please contact firstname.lastname@example.org.