We use Payoneer to pay our team members and receive payments from our international clients.
Challenge
Delays in receiving payments through conventional methods, taking 3-7 days just for a payment update
Solution
Receiving payments in multiple currencies from cross-border clients as a local bank transfer
Result
Receiving payments in multiple currencies from cross-border clients as a local bank transfer
I am Sheikh Jafar Tarique the Managing Director at Tech Cloud Ltd., which provides outsourcing services like image editing, graphics design, website development & search engine optimization. The company was founded in 2013 and currently, our headquarters are in Dhaka Baridhara DOSH.
OUR GOAL IS TO BE A GLOBAL LEADER IN THE IT SERVICE INDUSTRY.
Payments play an important part in running a business. We use Payoneer to pay our team members and receive payments from our international clients. We mainly work with clients in Europe & America and receive payments from them to pay our local vendors.
EVERY MONTH, WE RECEIVE PAYMENTS FROM 30-50 CLIENTS AND MAKE PAYMENTS TO 300 EMPLOYEES, ON AN AVERAGE.
We used to face many challenges while receiving payments through bank transfers and swift deposits. Which used to be time consuming – taking 3-7 days just for a payment update. We were looking for a solution which could help us provide our cross-border clients with a local bank transfer option and where the payment would be processed much faster.
I came to know about Payoneer from one of my friends. We are using Payoneer’s global payment service the most. Through Payoneer’s global payment service we can provide a local bank account to our clients and they can send us the payment without any delays.
PAYONEER HAS FOREIGN CURRENCY BANK ACCOUNTS IN MULTIPLE COUNTRIES.
Using Payoneer, we have bank accounts in countries including the US, the Eurozone, the UK, and Canada. Because of Payoneer, our payment growth is 35% now. I would also recommend Payoneer’s customer services – it’s the best.
OUR MONTHLY VOLUME IS ABOUT 80-100K US DOLLARS.
Payoneer has made our business transactions much easier, allowing us to focus on other segments of our business.
