Send Supplier Payments in Local Currency to Virtually Any Country in the World with Tipalti

AGOURA HILLS, Calif., Sept. 19 2012 /PRNewswire/ -- Today's global economy demands a truly global payment processing platform. Tipalti's automated online mass payment solutions make it fast, easy and virtually free to send payments to any supplier—individual or company—in local currency, in the supplier's preferred payment method, to more than 200 countries in the world.

With Tipalti, online ad and affiliate networks, crowdsourcing/crowd-funding networks, game developers and online/social marketplace operators can pay providers anywhere, anytime, and do it all with just a few clicks to save time, money and the hassles of global payment processing. Tipalti is free to use for payers, with transaction fees picked up by the funds recipient.

"Offering each supplier their preferred payment method, dealing with the intricacies of how to remit payments in every country on the globe, handling exchange rates and ensuring payments are received—it all requires expertise and specialized systems that most companies simply don't have," said Tipalti founder and CEO Chen Amit. "The Tipalti payment system handles all of these complexities, allowing the payer to issue thousands of payments, offer a multitude of payment methods, in any currency, while ensuring tax and regulatory compliance. Tipalti puts this power in the hands of small and large businesses with an easy-to-use and extremely affordable system."

Largest Global Coverage with Built-in Security and Compliance

Through its partnership with Citibank, one of the largest, most trusted banking institutions in global funds transfer, Tipalti users can remit payment in practically every local currency to some 200+ countries—more than any other provider in the world. Plus, Tipalti's built-in Anti-Money Laundering (AML), anti-terror and anti-narcotics compliance ensures payments are never processed to blacklisted entities or hostile nations, eliminating the risk of serious civil and criminal consequences.

"Thanks to Tipalti's mass-payment solution, the satisfaction of our publishers has significantly increased, our publisher retention rate has grown, while our workload and cost of payment have dramatically decreased," said Yariv Davidovich, president of ad network Infolinks. "We also achieved complete compliance with the Department of the Treasury OFAC (Office of Foreign Asset Control) regulations, again without having to invest any of our time or resources."

Simple to Use, Fast Processing

With Tipalti, payers integrate a single line of code into their payee registration workflow using a white-labeled iframe. Vendors enter their preferred local currency and payment method—ACH/Direct Deposit, Global-ACH/International Local Bank Transfer, paper check, wire transfer, PayPal, prepaid debit card or cash via Western Union. The system incorporates local regulatory information so payments are received by each vendor in the minimum amount of time and cost.

When it's time to disburse payments, the payer uploads a single payment file to Tipalti via a web dashboard or an API, and Tipalti automatically reconciles payees and payment methods, screens payees against blacklist databases and disburses the funds through the payer's bank account.

Processing payments takes mere minutes, and there's no limit on how much or how little money can be sent.

"It's so easy working with Tipalti. All we need to do is upload a single, simple, payment file to their servers. The hassle is gone," said Michal Weiner, vice president of finance for inneractive, an in-app monetization exchange that uses Tipalti to manage payments with more than 100 ad partners to deliver locally targeted ads in more than 200 countries. "We now have a comprehensive solution which includes publisher registration, payment methods selection and handling of international payees."

Tipalti takes just minutes to integrate and configure with existing web portals. To get started sending payments around the world today, visit www.tipalti.com.

About Tipalti

Tipalti's Software as a Service (SaaS) allows crowdsourcing, crowd-funding and advertising networks to streamline payments to developers, contributors, publishers and affiliates. Tipalti supports a large number of payment methods per country, disburses payments in local currencies, handles tax-reporting requirements and fulfills the required screening of payees. For more information, visit www.tipalti.com.

SOURCE Tipalti