Finance
International wire transfer: How to quickly send money abroad

Sending money overseas has become an everyday necessity, whether for personal purposes, business dealings, or supporting loved ones. International wire transfers provide one of the quickest and most secure methods to transfer funds globally, ensuring reliability in cross-border payments.  For those looking to send international wire transfers, understanding the process is key to avoiding common […]

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PaySaxas at European Commodity Exchange 2024: A Participant’s Experience

The European Commodity Exchange 2024 (ECE), held in Paris, gathered over 3,000 participants from 50 countries, making it one of the year’s key events in the agricultural sector. Industry leaders, traders, logisticians, and financiers came together to exchange ideas, discuss trends, and establish partnerships. For PaySaxas, the exhibition provided a valuable opportunity to connect with […]

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How to minimize foreign exchange costs in business

Foreign exchange (FX) costs play a significant role for companies engaged in international trade. These funds often consist of currency conversion charges, unpredictable exchange rate shifts, and concealed fees.  All of them can greatly affect a company’s profitability. Implementing effective methods to reduce these costs can improve financial performance and support seamless global operations. Let’s […]

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What is tokenization in payments?

In today’s digital economy and e-commerce boom, payment security is a critical concern for both businesses and users. Personal and financial information is especially vulnerable, often targeted by fraudsters and cybercriminals. To protect sensitive data during payment transactions, major international payment systems have developed bank card tokenized payment services.  This technology enhances data security and […]

Everything you need to know about VAT exemption

In today’s increasingly intricate global economy, grasping the nuances of Value Added Tax is crucial for both businesses and consumers. VAT, a tax applied to the sale of goods and services, is a key component of national revenue and plays a significant role in international commerce.

What are the risks associated with different payment methods?

Business today is rapidly evolving and expanding beyond local boundaries to a global scale. With this growth comes the necessity to pay for products and services in various local currencies. Now, individuals can make a payment both domestically and internationally, broadening the scope for international cooperation. This means you can choose any method of payments […]

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