Market Researchers Can Now Pay Panelists in Brazil with Chexx Inc
Chexx Inc., a company that specializes in sending high volumes of incentive and commission payments by check or eft to beneficiaries around the world announced today that they can now facilitate electronic payments to Brazil via electronic funds transfer.
- (1888PressRelease) February 25, 2012 - It's no secret that Brazil is one of the most sought after emerging markets. However, for many companies the payments culture remains so challenging and complex that it poses a significant barrier to foreign entry. Chexx Inc. helps their clients send payments to panelists, associates and affiliates in Brazil by providing outbound EFTs with the speed and efficiency that comes with precise local knowledge of the payments system.
Local electronic funds transfers are an excellent way to send payments directly to the bank accounts of beneficiaries around the world. They are fast; there are no currency exchange fees for the recipient; and they cost a fraction of the price of sending international wire transfers. For any company that wants to send a high volume of payments to Brazil without investing heavily in local infrastructure, Chexx Inc's local EFT services will make a significant difference to their bottom line.
"Understanding payment in Brazil is akin to learning a new language. There are enormous obstacles to complying with Brazil's business and banking rules, not to mention the unique payment culture" notes Peter Sampson, VP of Corporate Development for Chexx Inc. "We applaud the DIY attitude many companies take to payments in foreign countries, but Brazil comes with a set of rules and regulations that require the guiding hand of outbound payments experts. We've done the groundwork so that our clients can rely on our fully operational and smooth running system for sending payment to Brazil."
How it works: Clients can fund an account with Chexx Inc. to send local electronic payments that are fast, affordable and familiar to payees in Brazil. Once we are provided with the correct bank account details, our robust payment engine will expertly tailor each payment to conform to Brazil's unique payment structure. Each recipient's bank account information need only be provided once. A unique template number is assigned to each payment so that further local electronic payments may be sent to the same individual without storing sensitive bank account details. Electronic funds transfers are sent locally and do not incur the high fees associated with international wire transfers. They are fast, elegant and affordable for both sender and recipient no matter where they are based.
About Chexx Inc.:
With full service offices in Europe and North America, Chexx Inc. serves the payment disbursement needs of market research companies, international payroll, sales organizations and affiliate marketing networks around the world. For over 17 years they have specialized in providing timely, convenient and cost-effective payouts with excellent results. Chexx Inc. maintains a large network of regional banks to provide payment coverage in over 100 countries. They focus considerable resources on technical integration and relationship management with each of their banking partners resulting in stable global coverage with built in redundancy in key regions. For more information, please visit http://www.chexxinc.com.
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