Intrinsiq Insider View - Our new partnership with Transfermate
Welcome to another segment of Intrinsiq Insider, we have BIG NEWS for you. We are about to launch our new partnership with Transfermate. Many months of arduous work, brainstorming and tech hours have helped settle on the best payments solution for our clients in the international education industry.
Delving deeper into the renowned Global Payment Provider
TransferMate is a fully regulated Money Service Provider (MSB) which means they are licensed to convert and transmit funds on behalf of clients. Many other payment partners are PSPs (payment service providers) who do not receive, hold, process, or transfer any funds on clients’ behalf but instead rely on third-party correspondents. This means that, with its coverage of 200+ countries and territories and 140+ currencies, Transfermate saves its clients and partners a substantial amount in bank fees and makes use of preferential exchange rates.
Intrinsiq, Transfermate and the magic of Integration
So, what has been brewing all these months you ask? Well, Intrinsiq and Transfermate have produced a solution for educational clients to collect student payments from across the world through an easy-to-use platform. At Intrinsiq, we are always striving to improve our platform and provide ease of access to our clients and, consequently, their students and agents. With the newly developed user interface, students and agents will now be able to make tuition payments using multiple payment methods, with the benefits of preferential rates. No more annoying third-party platforms.
“We’re delighted to be able to offer this integration to our users” said Mark Milford of Intrinsiq. “It gives our clients more options on how to pay, a more cost-effective solution, and a better experience overall. It’s a real step forward in the payment infrastructure underpinning our solutions.”
If you want to know more about Transfermate and Intrinsiq’s partnership, or the cool new payment platform we have developed together, get in touch with us on contact@intrinsiq.net to find out more. Keep an eye out for our next Intrinsiq Insider articles.