News From PayRecs

Introducing LocalPay, Global Receivables Made Simple

Introducing LocalPay, Global Receivables Made Simple

Improve Cash Flow. Reduce Fees. Streamline Reconciliation. 🤯 Introducing LocalPay, global receivables by PayRecs. Improve cash flow, reduce fees and simplify payment reconciliation. LocalPay by PayRecs now allows businesses to receive payment in up to 36 different currencies without the need to integrate any technology, open a new bank account or take on any FX…

Innovate or Antiquate

Innovate or Antiquate

But this is how it’s done… If your company is seeking to set up shop or expand their footprint overseas, we know that currency and treasury can be tough and sometimes necessary evils in those goals. Like most antiques stashed away in a attic or basement (dad you’re an expert here), businesses and  processes that…

Allow Your Customers To Pay In Foreign Currency

Allow Your Customers To Pay In Foreign Currency

Should  you allow customers to pay in FX? Most companies prefer to bill and get paid in their currency rather than their customer’s currency. After all, you don’t have any use for someone else’s currency. And you certainly don’t want the hassle of opening foreign bank accounts. But that may not be what’s best for…

FX 101 – Understanding the Foreign Exchange Market

FX 101 – Understanding the Foreign Exchange Market

Introduction Understanding the Foreign Exchange Market can seem intimidating. Which is why many businesses and individuals seek to avoid “having to deal with FX.” In my 15 years advising corporations on FX risk the most common phrase I heard was ‘we don’t have any FX risk because only deal in US Dollars”. That’s a nice…