BENE001 - Beneficiary companies - FAQ

Modified on Tue, 29 Apr at 1:10 PM

What is XTRM for Beneficiary Companies?

(companies receiving payments)

XTRM provides beneficiary companies with a secure, global, multi-currency wallet system to receive payments from anywhere in the world. Whether your company receives one or thousands of payments, you only need one XTRM Organization account globally.

Within this single Org account, you can create multiple regional entities and wallets in different currencies, giving you complete control, visibility, and security over incoming funds.

To receive payments via XTRM, companies must activate their XTRM company Org account. This account allows you to:

Receive payments in any supported currency
Review and validate incoming transactions
Convert currencies as needed
Transfer funds to banks or other financial methods
Access detailed reporting on all company and employee transactions

Why Do Companies Receiving Payments Need an XTRM Company Account?

Using XTRM ensures your company has a secure and centralized platform for managing global payments. It eliminates the need for multiple banking relationships while reducing fraud risk and processing errors. Think of XTRM as a flexible business bank account tailored for global payments.

How Do My Employees Receive Payments?

If payments are intended for employees:

They will be paid directly into their individual XTRM wallets
You can monitor and track all employee payments from within your company account

Can Payments Be Sent Directly to the Company Instead of Individuals?

Yes. Simply request that the remitter send the funds to your company’s XTRM wallet as an employer payment.

How Much Does It Cost for Beneficiary Companies to Use XTRM?

It’s completely free for companies receiving payments.

For support or questions, please contact: support@xtrm.com