The Top Global Payment Methods Compared
There are numerous ways to pay international suppliers, ranging from ACH and global ACH to PayPal, wire transfers, and more. Each payment method has its benefits and drawbacks that can directly impact supplier satisfaction, in addition to adding more work for your finance team to accommodate them.
Optimal payment methods are dependent on the supplier, their geographical location, and their payment expectations. Managing multiple payment options while ensuring security, availability, and reliability can be challenging.