Xchangely provides businesses with a local virtual account for seamless collections, eliminating the need for businesses to establish entities globally. Merchants can easily share their virtual bank account details or send a payment link, allowing customers to make payments as local transfers. Merchants pay a flat fee, significantly reducing high bank fees and collection costs.
Merchants are provided local receiving accounts in more than 8+ countries and supports 15+ currencies.
Merchants simply send out a payment link to customers worldwide.
Customer do a local transfer into these local accounts.
The funds collected from various local accounts will be pushed into the merchant’s bank account and a clear report will be provided for reconciliation purposes.
Merchants are provided a Dashboard to monitor and keep track of the flow of funds worldwide.