Very few business owners haven’t had to worry about collecting payments from their customers, and in the same vein, they seek to provide the best possible payment experience for their customers to enable a seamless collection process.

With the increase in globalization and innovations in communication and transportation, global businesses and merchants are expanding into new markets, yet many businesses struggle with payment collection - a fundamental aspect of business.

The following are some of the problems associated with payment collection for businesses

  • Hidden fees: Businesses can incur hidden fees when using traditional methods of payment collection, as a result of country-specific regulations and intermediary banks their own fee for processing payments.  
  • Payment tracking: It is difficult to track payments, especially when it involves cross border trade and traditional payment methods.
  • Fraud: The more a business expands internationally, the more compliance and anti-money-laundering considerations there are that need to be addressed.

Fincra’s Solution


Fincra is a payments infrastructure for global businesses, platforms and financial institutions. Fincra provides payments solutions that enable merchants to accept payments securely, make payouts globally and scale their business across borders.

With Fincra, merchants can collect payments and settle in their local currency seamlessly regardless of the currency they get paid in.

With the use of Fincra’s named virtual accounts in USD, EUR, GBP and NGN, you can receive payments securely, from individuals and businesses like a local while avoiding the challenges associated with receiving payments through other traditional means. Fincra offers the best rates when it comes to settling transactions, and with no hidden fees, you can settle payment collections without stress. With Fincra, you'll receive the full amount you expect, allowing you to avoid slow reconciliation and provide a significantly better experience to you, your customers and their customers.

Merchants onboarded on Fincra can track the status of their payments in real-time via our secure merchant portal.

Why should you use Fincra’s payment collection methods:

Borderless Reach

Using Fincra’s virtual accounts in USD, EUR, GBP and NGN, you can collect secure payments from your customers in the US, UK, and across Europe & Africa, helping your business scale across multiple borders and achieve your goals.

Speedy Collections With No Hidden Fees.

With Fincra, you can eliminate the time constraints that you often experience with traditional payment collection methods, as well as ridiculous hidden fees with the use of our merchant portal and secure payments API.

A Secure Payments API

Fincra offers an easy-to-integrate virtual account API that allows fintechs to provide local account numbers to their customers for easy payment collection in supported currencies from anywhere in the world.

Conclusion

Fincra provides a low-cost and dependable method of receiving international payments without leaving your current location. The available currencies are USD, EUR, GBP and NGN. As a registered merchant, you can receive payments from individuals and businesses like a local while avoiding the challenges associated with receiving payments through other traditional means. Fincra is safe, secure and licensed.

Ready to get started? Contact us today.