Product News

New: Send international wire payments 🌎

By
Hilary Smith
on

February 6, 2020

February 11, 2020

No more manual wire payments. Roger can pay your cross-border vendors for you. Now available to Roger users based in the United States!

Often, the companies your business works with aren’t right next door, or even the next state over. They’re international, helping you meet the needs of your business without working face-to-face every day.

Businesses are increasingly digital and distributed across borders. By 2024, the value of cross-border transactions is expected to reach $240 billion.

It’s essential that business owners are able to easily send funds and pay bills to international vendors - without worrying about the small details.

What payment methods does Roger offer?

Previously, the option of sending an International Wire was available for our Denmark users only. Now, all of the following options are available to our customers in the USA.

  • International Wire: International wire payments across borders. Usually it takes between 3-5 days for payment to appear in the vendor’s account.
  • ACH: Electronic payments made through the Automated Clearing House network. Usually it takes between 3-5 days for payment to appear in the vendor’s account.
  • Check: Physical checks printed and mailed via USPS first class mail. Usually It takes 4-5 days for payment to appear in the vendor’s account.

Using Roger for international payments

Until now, payments made via international wire transfer couldn’t be processed in Roger. Any invoices that came in from foreign vendors couldn’t be automatically paid.

You would have to first set up that payment in your bank account, then log that payment separately in your accounting system to reconcile it.

Now, without any manual work, you can automatically pay an international vendor in Roger.

There is a fee associated with making international wire transfers, but the fee will be shown as a separate charge to avoid any discrepancies between the original bill.

Accounting firms will have the option of paying wire transfer fees for their clients or, pass those fees along to them.

Want to start using Roger? Book a demo here. Already a customer? Connect with support@roger.ai for more information.

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