SAN FRANCISCO (PRWEB) April 05, 2016
Next-generation global payments provider Align Commerce today introduced a new, tiered pricing method to bring improved transparency to its innovative cross-border payment services. Serving the small- and medium-sized business (SMB) community, Align Commerce offers a competitive alternative to traditional bank wire transfers for customers making international payments of any amount.
The new tiered pricing structure, implemented in response to growing demand by customers sending high-value payments via Align’s proprietary “multi-rail” system, provides greater flexibility and augments the 1.9 percent flat fee that had previously been applied to all cross-border transactions. Transactions can now be done for as little as 1.5 percent, with new enterprise pricing applied to amounts above $50,000.
“The cross-border payments market is undergoing a period of incredibly dynamic change, with growing volumes of currency being sent around the world to support our increasingly connected global economy,” said Marwan Forzley, CEO and co-founder of Align Commerce. “The new technologies being brought to this space, such as our work with the blockchain to enable inexpensive and transparent transactions, are going to continue to shape the future of this vital system. We’re thrilled to be at the core of such a rapidly innovating industry.”
Align Commerce is reforming the opaque, expensive and time-consuming methods of sending funds overseas through banks and traditional payment providers by pioneering its multi-rail platform that utilizes blockchain technology to send payments across borders and currencies. The company’s ability to send and receive payments throughout the Eurozone eliminates decades-old obstacles of the traditional wire transfer system, opening up possibilities for increased productivity and trade with the region’s $13.4 trillion economy.
“Having access to transparent international payment options that are tiered to fit the needs of a business like ours will be vital to continuing to grow our thriving company,” said Claudine Descheemaecker, co-founder of web-based talent decision platform Checkster. “The ease of sending payments to Europe has increased exponentially since we began using Align’s simple and intuitive tools. The simplicity, directness, convenience and accuracy of Align Commerce’s platform were exactly what I was looking for.”
Marwan Forzley will share his vision for the future of the cross-border payments industry in a panel discussion during the Money 20/20 Europe conference in Copenhagen on April 6. An industry veteran, Forzley is an expert on the international cross-border payments landscape and able to provide a key perspective on the evolving role of technology in this space.
Align Commerce’s move to tiered pricing follows shortly after the company announced in March the opening of its Brazil corridor, and in February that it had launched its payment rail in China. Align’s rapid global growth underscores the abundant demand for an innovative alternative to the outdated wire rail system.
Small business are charged more than $50 billion annually in bank wire and foreign exchange fees, reducing the amount of capital they are able to invest back into the economy and into their own development. With Align Commerce, users know in advance how much each transaction will cost, allowing them to accurately budget for this crucial part of doing business in the global economy.
For more information about the Align Commerce cross-border payments platform and how Align Commerce is enabling faster, simpler and less expensive overseas payments for small businesses, visit AlignCommerce.com. To sign up, visit https://www.aligncommerce.com/dashboard/register.
About Align Commerce
Align Commerce (Align) is a next-generation global payments provider that enables businesses to quickly and securely pay and get paid in their local currency. Align is disrupting the archaic international payments industry by leveling the playing field for small businesses in cross-border payments. Align helps businesses process payments via a simple, frictionless, and inexpensive manner by using revolutionary multi-rail technology.
Racepoint Global for Align Commerce