PhotonPay Batch Payouts and Photon Card Payments
Industry Insights
As businesses expand globally, the number of suppliers and the range of countries they operate in increase. Settling payments with these suppliers often requires significant time and manual effort to handle multiple repetitive payment transactions. Complex and inefficient payment processes, coupled with strict compliance requirements, can severely hinder smooth business operations for both parties.
As an innovative digital financial infrastructure provider, PhotonPay leverages its global distribution capabilities to solve these challenges. Batch Payouts and Photon Card Payments effectively address the complexities of global trade fund distribution, offering an efficient, cost-effective, and secure global payment experience.
Batch Payouts
Unlike single payments, batch payouts allow businesses to make multiple payments to various recipients simultaneously. PhotonPay’s batch payout solution supports over 60 currencies and enables payments to more than 180 countries and regions globally. Each batch can process up to 50 payments, with individually set payment amounts, and funds can be delivered as quickly as T+0.
Businesses can initiate batch payouts via the PhotonPay merchant portal. Once the transaction data is reviewed, the system swiftly processes the bulk payment instructions and automatically selects the most cost-effective payment routes. This significantly simplifies the traditional, time-consuming process of handling payments one by one, reduces payment management costs and complexity, and greatly enhances efficiency.
Lower-Cost International Payments
When making international payments, currency exchange is often unavoidable. Due to non-transparent exchange rates and intermediary bank fees, recipients may not receive the expected amount and could even incur additional costs. PhotonPay's merchant dashboard updates exchange rates every 12 seconds in real-time, supporting up to 70 currency pairs and providing 24/7 currency exchange services. Regardless of the transaction size, businesses can benefit from competitive market rates without paying high currency conversion fees, effectively avoiding hidden transaction costs.
Simplified Financial Management
For businesses with frequent international transactions and large payment volumes, having a simple and efficient payment method with real-time transaction tracking and easy reconciliation can significantly reduce the costs and inefficiencies of outdated expense management systems. With PhotonPay’s batch payouts, there’s no need to manually enter each recipient's account details for every transaction. You can simply upload all recipient details once and process payments in bulk. Additionally, PhotonPay’s merchant dashboard is user-friendly and provides real-time updates on payment processing, making it easy to track fund movements and simplifying overall operations and financial management.
Photon Card
Photon Card is a multi-currency payment tool launched by PhotonPay in collaboration with internationally recognized card networks and issuers. It offers strict risk controls and stable transactions, with two card types designed for different business needs, providing a new level of fund management and payment experience.
-
Share Card: Ideal for covering expenses such as platform fees, software subscriptions, marketing campaigns, and supplier payments for businesses expanding globally. It allows real-time tracking of all expenses on a single interface.
-
Regular Card: Suitable for employee expenses such as hotel stays, flight bookings, and transportation for international businesses. Covers all online and offline consumption scenarios through Mastercard / Discover® Global Network.
Flexible Configuration
Photon Card allows businesses to create, freeze, or cancel cards anytime based on their needs, with the ability to assign specific functions and add notes for each card. You can flexibly set and modify spending limits across multiple dimensions (daily, monthly, per transaction), improving budget management efficiency and reducing the risk of unexpected overspending. This ensures full control and transparency for every payment. Additionally, Photon Card is directly linked to PhotonPay's global multi-currency account. If there aren’t enough funds in the required payment currency, it will automatically convert available balances from other currencies at an optimal exchange rate to cover the payment.
Security and Compliance
Photon cards use secondary identity verification (team security validation & two-factor authentication) for enhanced data protection, ensuring both card and fund security. PhotonPay has also successfully obtained payment licenses in several countries and regions, including Hong Kong, the United States, Canada, and the United Kingdom, and holds multiple authoritative security certifications.
Latest Announcements
Back to the blog homepage
Australia Payment Methods: A Comprehensive Guide to Payment Options in Australia
For businesses and consumers alike, understanding the various payment methods in Australia is essential for ensuring smooth transactions, both online and in-store.
PhotonPay
2024-12-02 03:30:39 · 5minute(s)
What is ARN (Acquirer Reference Number)?
Discover the Acquirer Reference Number (ARN) and its significance in transaction tracking. Learn how ARN enhances payment processing efficiency.
PhotonPay
2024-12-02 03:21:29 · 5minute(s)
Secure Payment Methods for Online Transactions: Ensuring Safe and Smooth E-commerce Experiences
This article will explore the top secure payment methods for online transactions and discuss how businesses can integrate them to enhance security.
PhotonPay
2024-12-02 03:10:03 · 5minute(s)
