What is XTRM for Beneficiary Companies? (e.g., companies receiving payments)
XTRM for beneficiary companies provides your company with a simplified global multi-currency wallet system to quickly receive any currency payment from anywhere in the world. Regardless of how many payments your company receives, you only need one XTRM Org account worldwide. Within that account, you can have multiple regional entities and currency wallets to ensure the security and control of all payments. All beneficiary companies receiving payments via XTRM must have activated their XTRM company org account to access their digital wallets to receive, review, currency switch, validate and transfer payments as needed. You will also get access to all the advanced reporting to track all payments and redemptions for your company or your employees.
Why does a company that is receiving payments need an XTRM company account?
Companies leverage the XTRM payment platform to manage and process global payments rapidly. This requires a secure and controlled environment to avoid fraudulent or inaccurate payouts. The beneficiary company needs an XTRM company account to have a digital wallet to receive payments. Think of XTRM as a business bank account with way more flexibility.
How do my company employees get payments?
If payments are made to your employees, they receive payments directly to their wallets. You can see all the transactions for your employees by logging into your company account.
What if I want the payments to be paid directly to my company, not the individuals?
No problem, you can request the remitter send those payments to your company account as employer payments.
How much does it cost for beneficiary companies to use?
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