Comparing Six Top Global Payment Methods

Businesses today have a range of options for sending and receiving money across borders, but not all payment methods are created equal. From wire transfers and local bank transfers to PayPal and corporate cards, each has its strengths and trade-offs. Choosing the right mix comes down to cost, speed, reliability, and how well it fits the needs of your partners. This guide breaks down the top six global payment methods so you can decide which works best for your business.

Key Takeaways

• Wire transfers offer speed and global coverage but come with high fees.
• Local bank transfers are cheap and reliable but limited to domestic payments.
• Global ACH is cost-effective for small or recurring international payments, though slower to process.
• Paper checks remain an option for certain markets but are slow, costly, and prone to fraud.
• Corporate cards provide flexibility and rewards, while PayPal is fast, widely adopted, and trusted for digital economy payees.

Discover which payment methods align with your growth strategy and start streamlining payouts today.

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