Smartcat Launches First Payment Automation Solution in Language Industry
Smartcat, a cloud-based translation platform that streamlines collaboration between translation customers, vendors, and agencies, has launched a payment automation solution in an effort to simplify payouts in the industry for users around the world.
BOSTON, September 2, 2019 /PRNewswire-PRWeb/ -- The language industry is currently riddled with high-cost and complexity issues for both businesses and freelancers due to its inherent geographical diversity. Cross-border transactions are generally the norm, often making payouts both difficult and time-consuming, especially when the absence of a viable payment automation platform drives up transaction fees or involves complicated country policies.
The industry-tailored payment automation solution developed by Smartcat aims to reduce the stress of payments for customers, language service providers, and freelance linguists alike by removing the complexities of international payouts, offering better rates, and increasing availability in particular countries with a lack of payout options.
The main issue for linguists in a variety of countries is that most of their clients prefer to use PayPal, but PayPal doesn't operate in their home country. Some translators report that about one-third of their clients could use other options, but if they aren't willing to go the extra mile, then they'll simply hire another linguist that they can pay without the added stress of having to use another platform.
Not only is the new payment feature available in almost every country, but Smartcat also offers payouts via several methods: to bank accounts, bank cards, and various e-wallets. Furthermore, the platform keeps its users fully legal and tax compliant when making payments.
"After a couple of quick email exchanges, we were able to establish a new way of transferring money that perfectly fulfilled both my country's complicated requirements and my own preferences," says Otávio Banffy, a freelance translator and Smartcat user.
The new payment solution was also designed with several cost-saving features for both translation firms and freelancers in mind — eliminating paperwork by initiating bulk and automatic payments with the click of a button, for example.
"Most of the payments that are collected via Smartcat are transferred to your bank account in one go," says Irfan Ullah. "So you don't have to pay huge bank charges, and it's very, very helpful."
In addition to its new payment automation solution, Smartcat also features a powerful translation automation environment, vendor marketplace, and a collaborative network for all those involved in the translation process.
"Our number one goal has always been to make the translation industry better for everyone," says Arseniy Konov, Head of Marketing at Smartcat. "Our renewed payment solution is a giant step forward in making the translation supply chain more connected and seamless than ever."
SOURCE Smartcat
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