Soon: Transfer Money Around The Globe For Free And In Seconds

Online, October 19, 2010 (Newswire.com) - Within weeks any company or person can transfer money to any of over 200 countries with the speed of a local transactions, mostly within seconds...for free!

PAY solves the 3 big issues in the world of international money transfers; speed, price and complexity.

Paying internationally, companies money tends to be in the banking system at least 1 week. That means that at least 2% of companies working capital is unavailable year round.

Next to that, the prices of international payments tend to be percentages of the amount transferred and therefor expensive.

And it takes companies tens of minutes to detail a money transfer enough to be successful. Many times an international money transfer fails due to incorrect submitting. PAY also solves that problem. No more IBAN and Swift numbers; just the beneficiaries PAY account number.

PAY offers, similar to eg Skype, free money transfers between PAY account holders, no mather where they are.

If the counterpart has no PAY account, the PAY account holder makes use of its 60 countries local account numbers included in his/hers PAY account.
Receive and send money locally, with the local speed and cost of a local transfer, in 60 countries.

And if the counterpart has NO PAY account and is NOT in 1 of those 60 countries, a "normal" wire can be made with IBAN, Swift.

PAY accounts are multi-currency, at opening with US$ and Euro accounts.

Finally PAY offers an escrow service, arrangeable in seconds for as little as US$ 15,00 as inexpensive and fast Letter of Credit replacement.

PAY is similar to any banking system, but faster, cheaper and more easy.
PAY is supported by 15 international banks.

PAY cash management is meant for businesses who regularly wire money to other countries. For companies who spend hundreds or even thousands per annum on international bank charges and for companies who are frustrated with the banks holding their money for days or weeks in "the system".

PAY International Business Accounts is a company that supplies services and products like PAY to companies who are into "international business". PAY cash management was developed for handling fast and inexpensive international wire transfers for its customers. With a 25 year experience in international business they put all her available expertise into PAY, to make it easy, understandable and inexpensive. PAY is subject to normal bank regulations/regulators and subject to normal bank compliance rules.

PAY is also usable for for organizing the cash flow between international subsidiaries. PAY also supplies local bank accounts in countries where companies or individuals are not situated.

http://pay.us.com