Why are cross border payments still so difficult for teams
Despite advances in technology, paying freelancers and contractors across borders remains slow and expensive. Bank wires take days, PayPal and Stripe charge high fees, and exchange rates eat into earnings. Flexible teams working globally feel this pain the most.
What are the main challenges of cross border payments
- High transaction fees and FX spreads
- Long settlement times that delay cash flow
- Compliance risks with unverified payees
- Multiple tools needed for invoicing and payments
How can new payment solutions improve cross border collaboration
Modern fintech rails, including stablecoins and open banking, enable instant, affordable transfers. Teams need tools that integrate these payment methods with invoicing and compliance workflows.
How does Rafiki OS solve cross border payments
- Instant wallet to wallet transfers
- Merge, split, and settle multiple invoices at once, within 5 seconds.
- Fees as low as 0.2 percent
- Support for USD, EUR, ZAR, GBP, ARS, BRL, CLP, COP, USDC, and USDT
- Integrated compliance for safe onboarding
FAQs
What is the cheapest way to make cross border payments for teams
- Rafiki OS offers instant transfers with fees starting at 0.2 percent.
How long do cross border payments take
- Traditional bank wires take days. Rafiki payments are instant.
Which currencies does Rafiki OS support
- USD, EUR, ZAR, and multiple LatAm currencies, plus stablecoins.
