MassPay rolls out single-FX local payouts

MassPay has introduced a single-FX local payout feature for its multi-currency collection service.

The Paypers·2 min read

MassPay expands multi-currency collection with single-FX payouts

What changed

MassPay has updated its multi-currency collection service to allow single-FX local payouts to 180 countries. Previously, payouts often required two conversions, such as converting funds to USD and then to the destination currency. The new setup converts funds directly to the payee’s local currency in one step, reducing foreign exchange costs, spreads, and slippage. The feature is available to selected clients and requires no additional technical integration for existing MassPay users.

Why a business should care

The change directly impacts merchant treasury operations by reducing the number of foreign exchange conversions required for cross-border payouts. This can lower costs, reduce slippage, and simplify operations by eliminating the need for an intermediary currency. Payees receive funds directly in their local currency, which may improve satisfaction and reduce their own conversion costs. For merchants, this represents a more efficient and potentially cost-effective way to manage international disbursements.

Who it affects

Merchants using MassPay for cross-border payouts, specifically those managing global workforces, creators, and seller networks. The feature is currently available to selected clients.

What to consider doing

Contact your MassPay account representative to inquire about eligibility for the single-FX local payout feature.

Uncertainty and risks

The feature is currently available only to selected clients, limiting immediate access for the broader merchant base. The evidence does not provide specific quantitative data on cost savings or fee structures, making it difficult to assess the exact financial benefit. The reliance on selected clients suggests a phased rollout or invitation-only access, which may delay widespread adoption.

Why it matters

The change directly impacts merchant treasury operations by reducing the number of FX conversions required for cross-border payouts. This can lower costs, reduce slippage, and simplify operations by eliminating the need for an intermediary currency. Payees receive funds directly in their local currency, which may improve satisfaction and reduce their own conversion costs. For merchants, this represents a more efficient and potentially cost-effective way to manage international disbursements.

What businesses should review

Merchants currently using MassPay for cross-border payouts should check if they are eligible for the selected clients program to access the single-FX local payout feature.
Existing clients can adopt the model immediately without additional technical work, as it runs on existing infrastructure.
Merchants should evaluate the potential reduction in FX costs and operational complexity for their global disbursements.

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