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HSBC Bolsters Cross-Border Payment Capabilities in Partnership With Dandelion

The Fintech Times

Following its collaboration with Dandelion, HSBC now offers fee-free transfers to over 100 destinations in more than 60 currencies, providing a seamless, real-time payment experience that bypasses the traditional correspondent banking model. Most of our clients are leading international lives.

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Airwallex Removes Complexity for the Creator Economy With Embedded Finance Tools

Fintech Finance

Platforms can embed Airwallex APIs to offer seamless, multi-currency tools, including payment acceptance, global payouts, branded creator cards and an advanced tax solution to embed data collection and filing for tax reporting.

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Airwallex Rolls Out Embedded Finance Tools for Growing Creator Economy

Fintech News

Creators can also access centralised multi-currency wallets, simplifying the management of funds from multiple platforms, saving on currency conversion fees, and enabling easy financial reconciliation.

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The Complete Guide to Merchant Services for Small Business Owners

Stax

Merchant service accounts and how they work Merchant service providers assess your credit history, business type, and expected transaction volume during application. This bank account holds customer payments for 1 to 2 business days before transferring funds to your business bank account.

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Everything You Need to Know About Credit Card Processing

Stax

Step 6: At the end of the month, the statement is sent to the business that details the interchange for all transactions that month–which is the fee set by credit card companies for merchants to accept their cards as payment. While DCC can enhance transparency, businesses should be mindful of additional costs that might affect profitability.

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Choosing the Right Payment Gateway for Your Specific Business Needs

My Payment Savvy

Settlement (1–3 Business Days Later) At the end of the day, your processor batches all approved transactions and sends them for settlement. Funds are transferred to your merchant account, minus processing fees, typically within 1–3 business days. Your business operations should drive gateway decisions.

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Airwallex’s Cross-Border Payments Technology Streamlines McLaren Racing’s Financial Operations

Fintech Finance

Over the course of a month, this new process is saving the McLaren Racing finance team half a day of work. In addition, previously, the McLaren Racing finance team experienced slow transfer speeds – two to five business days – and high transfer fees when paying their international suppliers in US dollars (USD).