In today’s day and age, there are various cross-border payment solutions available in the market that provide multiple benefits.  

But does that mean it is the right platform for your business’s needs?  

Choosing the right payment platform can help you save your valuable time and money. If you’re a freelancer or a business owner looking to export goods and services internationally, finding a low-cost payment platform is vital.  

It is also crucial for you as a goods or service provider to be aware of the drawbacks of platforms with high transaction and conversion charges. Some of the most popular platforms used by exporters are Stripe and PayPal. Although they have been widely accepted over the years, they have some major drawbacks that can result in excessive money loss during transactions. 

Let’s take a look at the drawbacks and help you out with a better alternative to them.  

Obstacles you can face with Stripe or PayPal 

While Stripe and PayPal are popularly used payment solutions across the globe, they have their own drawbacks. Both payment solutions are quite expensive. PayPal charges around 3% to 4% of the transferred amount and the transaction fee includes a currency conversion fee based on the recipient’s country. Stripe charges a 2.9% transaction fee with a fixed fee for each transaction.  

In addition to that, Stripe and PayPal’s Foreign Inward Remittance Advice (FIRA) process can take a lot of time for Indian merchants. Delay in FIRA document processing causes a significant impact on business growth.  

These problems can reduce your profitability and hinder your business’ cash flow management.  

How is BRISKPE a Cheaper Alternative to Stripe and PayPal? 

BRISKPE is an innovative cross-border payment solution that is all set to revolutionize the international payment system. It stands out of the crowd for various reasons such as- 

Lower transaction fees 

We charge less than 1% of the transaction fee including GST as compared to others in the industry. This gives businesses a competitive advantage since other companies like Stripe and PayPal are charging anywhere between 1% – 4% per transaction. For businesses handling a larger volume of transactions, BRISKPE can help you save more money, and directly enhance your bottom line.  

Faster payment processing  

Our ability to transfer money internationally within 24 to 48 hours sets us apart from others. This quick turnaround time provided by us is crucial for exporters and businesses relying on cash flow to maintain their operations. Traditional payment methods, on the other hand, sometimes require several days or even weeks to process international payments, which can slow down your business growth.  

Web portal and app for easy access 

BRISKPE, unlike other platforms, has its own app that works like a one-stop solution for everything related to international payments. You can check your transaction status and conversion fees on the go. We also have a web portal that can seamlessly integrate with various e-commerce platforms, and freelancing websites.  

Download our app here for iOS and Android.

Multi-currency support  

BRISKPE supports transactions in multiple currencies, 6+ currencies to be exact, making it easier for businesses to operate globally. In this way, businesses can provide their customers with a smooth, hassle-free payment experience, regardless of their location. Moreover, they will not have to perform complex currency conversions also.  

Also Read: How to create an international virtual account in just 5 mins?

Payment links  

We have recently launched payment links on our application. This feature allows you to create a payment link on the app and share it with your customer or client using your preferred channel of communication. Clients can easily make the payment from anywhere, anytime using their credit or debit cards.   

Also Read: How to connect your PayPal account to BRISKPE?

24*7 customer support  

We offer 24*7 customer support, distinguishing us from other platforms. The dedicated support team at BRISKPE provides timely and effective solutions for any transaction issue a business may encounter. We understand that commitment to customer satisfaction is crucial, as it brings peace of mind to business owners.  

Additional advantages of using BRISKPE 

Apart from the above-given points, there are several other advantages of using BRISKPE. Let us take a look at them-  

Secure payment 

Security is the top priority for us. Our platform uses advanced encryption and fraud prevention technologies to safeguard sensitive payment information about our customers. 

Customizable solutions  

The platform was designed to meet the diverse needs of various industries. Whether you’re a freelancer, small business owner, or a large corporation, our platform allows payment features like A2A payments, easy-to-create payment links, and smooth integration with PayPal.  

Conclusion

In conclusion, we offer a compelling alternative to Stripe and PayPal for cross-border payments. With our streamlined fee structure and rapid processing times, we help businesses save significantly on transaction costs. Our focus on transparency and efficiency ensures that funds are transferred quickly and securely, enhancing cash flow and business operations. By choosing us, you can take advantage of a more straightforward payment experience, empowering your business to grow globally without unnecessary financial burdens.