Feb. 20, 2019
Bill.com is eliminating wire transfer fees for customers paying in local currencies when they use its International Payments platform.
The company said the platform helps make it more cost effective for small and medium-sized businesses to pay international vendors.
"With Bill.com International Payments we provide small and medium-sized companies a simple, seamless and cost-effective way to pay electronically all over the world with just a few clicks," Yael Zhang, chief marketing officer at Bill.com, said in the announcement.
Since launching in July 2018, Bill.com customers can make payments to vendors in more than 40 countries, including the Eurozone, U.K., India and China, according to the release.
The amount that Bill.com customers will save through eliminating the wire transfer fees depend on the number of transactions, the payment amount and the type of currency they choose to pay in, a spokesperson said via email. The fees average about $40 when compared with traditional banks, the spokesperson said.
Bill.com earlier this month announced plans to expand to new offices in Houston and previously announced an agreement with American Express on vendor payment.
Topics: Bill Payment, Mobile Payments, Online Purchasing
Companies: American Express, Bill.com
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