Every industry requires a seamless and uninterrupted payment model for its transactions. As a leading payment solution provider, Flywire brings innovative payment solutions to healthcare, education, travel, and B2B organizations by combining its proprietary global payments network, next-generation payments platform, and industry-specific software to simplify complex payments for its clients and their customers.
Understanding that each industry has unique needs and requirements, Flywire is committed to providing comprehensive solutions. The company not only creates customized software and payment solutions that are compatible with existing AR workflows but also partners with leading ERP enterprises, such as NetSuite. These partnerships enable organizations to optimize payment experiences and mitigate operational challenges, showcasing Flywire’s dedication to building a solid ecosystem and providing end-to-end solutions.
Flywire is disrupting the Fintech landscape with its unique global payments network. This network, built on a robust payment infrastructure and a network of global, regional, and local payment partners, offers unparalleled convenience and accessibility. It allows transactions from over 240 countries in over 140 currencies, billing customers in their own currency or with Flywire’s free invoicing solution. Customers can choose their preferred exchange rate and pay in their local currency, with funds deposited directly into their account, automatically reconciling the payment.
One of Flywire’s standout offerings is its payment integration options. These options are designed with the customer in mind, allowing businesses to tailor payment experiences to their payers’ needs. By choosing the most convenient integration method and offering the best option to pay seamlessly through the global payment network, businesses can ensure a customer-centric payment experience. Each integration option provides payers with a myriad of choices from different payment methods depending on the currency, transaction destination, and country of origin.
Furthermore, these payment integration options send a direct link to payers, ensuring a secure payment experience. It also allows payers to remain on the organization’s site with an embedded iframe of the payment process. Additionally, payers can complete the transaction in minimum steps, such as completing the payment in a single step using pop-out checkout.
In today’s globalized world, borders often hinder payment transactions. Flywire’s flexible solutions go beyond boundaries, enabling global payment and receivables processes through seamless transaction experiences. — Mike Massaro, CEO
Flywire has solidified its position as a leader in payment solutions by giving businesses complete control over the payment experience and enhancing the user interface by connecting its payments API with leading CRM, ERP, and accounting software systems. This solution automatically matches payments to invoices, reducing reconciliation tasks, eliminating hidden fees and currency fluctuations between the booking and receiving payment times, and offers clients domestic and familiar payment options and competitive exchange rates.
Invoicing is the pillar of a seamless payment system. Flywire is on a mission to streamline international invoicing processes to ensure faster settlements and real-time payment status updates while reducing wire and merchant fees. Flywire’s invoice solution offers a Pay Bill button, allowing customers to initiate instant payments. Moreover, it provides real-time reporting and data, giving an accurate overview of the business’s financial status.
Flywire’s payment solutions and services have revolutionized enterprises and institutions across the globe. One of Flywire’s clients, a K-12 international primary and secondary education school, conducted transactions through wire transfer. However, instead of fully automating payment processes, the school’s outdated software caused one staff member to single-handedly manually match hundreds of incoming wire transfers to student accounts. Therefore, the school required an advanced, automated solution to reduce manual operations.
With Flywire’s solutions, the school could receive secure and faster online payments from students’ families in their currencies using their preferred payment method, relieving the burden of manual operations. Additionally, Flywire integrated with the student information system, generating accurate and up-to-date transaction details. As a result, students and families could pay in their local currency, which automatically converted to the school’s domestic currency. Additionally, wire transfers automatically matched student records, and Flywire’s integration ensured accurate, real-time payment information.