What are the benefits of a multi-currency account over a traditional bank account?

A multi-currency account is just like a traditional bank account, but it allows you to make international, cross-border transactions quickly and easily from a single dashboard. Unlike a traditional bank account, which limits the number of currencies you can hold, send, and receive, with Payset, you can hold balances in numerous currencies and exchange them without the high fees. 

Here are some key benefits of using a multi-currency account over a traditional bank account:‍ 

• Better exchange rates
• Faster transactions
• Up to 34 currency holdings in one dashboard
• More fluid cross-border and international transactions

With a multi-currency account, you can: 

• Accept payments in a customer’s chosen currency
• Pay suppliers in their chosen currency
• Withdraw funds to a bank account in up to 38 currencies
• Access simple accounting reporting tools in one dashboard
• Exchange foreign currencies at competitive rates

These tools can power your business by opening up international trade and accessing the fastest payment networks at competitive exchange rates.