Mass Payments
Mass payments let you send multiple payments to different recipients in one go. It simplifies the payout process, making it easier for businesses to pay employees or suppliers efficiently.
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Mass Payments advantages
How it works
Send all your transactions in one click
1
Setup your account online or over the phone
Reduce transaction fees with a single transfer
2
As you require, simply add relevant payment details
Streamline accounting and record-keeping
3
Make your payments online or over the phone
Greater certainty over your cash flow
Mass Payments disadvantages
Mistakes in payment details can lead to multiple errors
A single error can result in a larger financial discrepancy
Questions? We're here to help.
Compared to individual payment processing you have less control
What are mass payments?
Mass payments allow you to send multiple payments to different recipients in one go, simplifying the process of managing bulk transfers. Monetae offers mass payment solutions to streamline your international payouts.
What are the benefits of mass payments?
Mass payments save time and reduce administrative effort by enabling you to make many payments at once. This is especially useful for paying employees, suppliers, or vendors in multiple currencies across different countries.
What's the difference between mass payments and individual payments?
Individual payments require separate transactions for each recipient, while mass payments allow you to send multiple payments simultaneously. This reduces processing time and ensures quicker delivery to all recipients.
Why would I need mass payments?
If your business needs to pay multiple international suppliers or employees regularly, mass payments simplify the process. You can reduce fees, minimise errors, and ensure faster payments across various currencies and countries.
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