What are the benefits of a postal money order?
Via a single agreement and integration, PostalCheque gives you access to 28 payout countries in multiple convenient postal office locations.
PostalCheque makes recieving international cash payments faster and more convenient for your customers. It delivers your payouts closer to your customers’ residence - within 1-2 business days. PostalCheque is almost as fast as receiving a local payment. It cuts through the inefficacy of bank cheques that can take weeks to be mailed and cashed out by the recipient’s bank.
Make mass cash payments for a low-cost and avoid correspondent banking fees and excessive FX deductions – a cheaper and faster alternative to bank cheques and swift-to-cheque transfers. A flat fee is pre-agreed with our sales team based on payment volume – the higher the volume the lower the cost.
No fees will be deducted at the payment destination after FX conversion from the postal operator. The beneficiary receives the payment in full, in the local currency.
PostalCheque is delivered locally, meaning it won't get lost in the international mailing system, reducing the number of costly, support cases. With PostalCheque, a dedicated customer service team will be available to handle your queries network-wide. You get a single point of access for clearing, settlement, and customer service. The entire process is transparent with payment status traceable through our customer web portal.
PostalCheque is a secure payout method. It is issued by regulated and established postal institutions, which are trusted by the local population. Our KYC processes deter fraud as the identity of the recipient is verified physically, at payment collection.
Click here to find out more. It's time to rethink your international pension payments.