Paysite-Cash To Debut New Wire Payouts At Phoenix Forum

LONDON—Team members from Paysite-Cash will attend the Phoenix Forum to introduce its new Wire Payouts solution for companies that do not bank in Europe. “This is a great solution for Merchants who have been losing money paying for individual wires to Europe every month,” said Maxime Colas, business development manager for Paysite-Cash.  The Wire Payouts service enables merchants without European bank accounts to pay out affiliates in Europe by making one wire transfer only. Paysite-Cash then pays out each European affiliate instead of the merchant sending out individual wires to each affiliate. “Paysite-Cash will receive one single wire with money covering all the European affiliates and dispatch individual wires to all the European payees within 48 hours. For a customer with 1,000 affiliates in Europe, this can save them tens of thousands of dollars every month,” Colas said. The Wire Payouts Solution pays out in up to 20 different currencies and makes affiliate payments automatic.  Paysite-Cash is a regulated financial institution based in the U.K. For more than a decade, Paysite-Cash has been providing European merchant accounts, local scheme connections in Europe and an integrated turnkey affiliate platform. To learn more about the Wire Payouts and other services offered from Paysite-Cash email Maxime Colas or meet him at The Phoenix Forum.