Stored value programs and more
I'm new to these forums, but am particularly interested in all issues international....
There are a couple of other approaches to paying international affiliates:
* Stored value cards-- basically function as a debit card account into which a merchant can deposit money in one currency and the affiliate/distributor can withdraw it in their own currency. Fees can be high and coverage may not be great for all countries/currencies targeted.
* Direct deposit options-- merchants can choose to set up a system to automatically deposit payments directly into an affiliate/distributor's bank account in their local currency. While it takes some setup, it is generally cheaper on a transactional basis and easier to administer.
Hope this helps...
KH
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