Navigating Cross-Border & Third-Party Payments

Navigating Cross-Border & Third-Party Payments: Why Specialized Solutions Matter

By Marc Taverner, CEO & Co-Founder, XEROF

Businesses engaging in cross-border transactions using stablecoins face more complex and varied challenges. These challenges often manifest as banking delays, regulatory hurdles, and costly intermediaries, hindering the seamless use of crypto assets for global transactions.

At XEROF, we've worked with a wide range of clients, many of whom were looking for a more straightforward, efficient way to navigate the complexities of cross-border transactions. While many "on/off-ramps" and payment gateways are available, few offer the reliability, compliance, and efficiency necessary to manage high-volume or high-stakes transactions across borders. This is where XEROF's specialized solutions shine, offering a reliable, compliant, and efficient way to address these pain points, ensuring seamless and efficient cross-border transactions.

Marc Taverner - XEROF CEO & Co-Founder

The Challenges of Cross-Border Payments: It's More Than Just On/Off Ramp...!

The vast proliferation of retail-embedded finance systems and payment gateways makes it seem easy to execute cross-border payments. But as many of our clients have experienced, that's not true.

There are three main challenges businesses face when dealing with cross-border payments:

1. Limited Availability of Quality Cross-Border Crypto-to-Fiat Ramps: Many systems may claim to be an on/off ramp for crypto transactions, but most fall short when it comes to large-scale or high-frequency payments. They lack the infrastructure and banking relationships needed to handle complex transactions with speed and consistency.
2. Complexity of Global Payment Systems: Global payments come with various challenges—differing regulatory environments, currency fluctuations, and banking partnerships that vary from jurisdiction to jurisdiction. These factors can lead to settlement delays and higher costs as intermediaries and correspondents must step in to facilitate payments.
3. Delays and Costs Associated with Intermediaries: Even in supposedly "crypto-friendly" banking environments, the speed and flexibility required by Web3 companies often clash with traditional banking systems. These banks may understand the concept of crypto. However, their internal systems and processes are not suited to handle the rapid pace of Web3, leaving businesses waiting on payments, frustrated with banking delays, and burdened by intermediary fees or reversals.

XEROF's Solution: Making Cross-Border Payments Effortless

At XEROF, we solve these problems. Our tailored third-party payment solutions simplify the process, allowing businesses to convert crypto into fiat and settle third-party payments seamlessly, no matter the location of their suppliers, partners, or service providers.

Third-Party Payments: A Game-Changer for CFOs

When we speak with CFOs, it's clear that one of the most frustrating aspects of managing cross-border payments is the inability to use crypto directly to settle fiat-denominated invoices. XEROF bridges that gap by accepting crypto and paying third-party invoices through our extensive Tier-1 banking network.

This has been such an "AHA" moment for our clients. They can use their native treasury currency, avoid the headaches of dealing with multiple banking partners, and streamline their entire payment workflow. Our service has significantly reduced the burden and allowed them to focus on their core business.

Cross-Border Payments: Seamless, Fast, and Compliant

XEROF's cross-border payment platform does more than simplify payments; it enhances operational efficiency across the board:

• Faster Settlement Times: By cutting out unnecessary intermediaries and leveraging our established relationships with Tier-1 banks, we've drastically reduced settlement times for cross-border transactions. So, businesses get paid faster, which improves cash flow and allows for better financial planning.
• Lower Transaction Costs: Traditional cross-border payments often incur high fees, especially when intermediaries or currency conversions are involved. XEROF's optimized crypto-to-fiat solutions significantly lower these costs, helping businesses retain more earnings and reduce the overhead associated with global transactions.
• Regulatory Compliance: An increasing challenge for companies operating with crypto is meeting ever-changing compliance requirements. XEROF has an in-depth understanding of global regulatory frameworks. Our Swiss licence ensures adherence to clear AML and compliance frameworks so our clients can confidently operate, knowing their payments are compliant and secure.

Why Even "Crypto-Friendly" Banks Struggle

It's important to mention that even banks that claim to be "crypto-friendly" often aren't equipped to handle the full scope of cross-border crypto-to-fiat transactions. At XEROF, we've seen this first-hand. Once you go beyond surface-level transactions, it becomes clear that many banks' internal systems and processes cannot operate at the speed, complexity or consistency required by the modern Web3 environment.

What makes XEROF different is our singular focus on crypto-to-fiat conversions and our unparalleled banking relationships. We've designed our systems from the ground up to support the unique needs of Web3 companies and high-net-worth individuals engaging in large-scale, cross-border transactions. We move at the speed of Web3, ensuring that your payments are processed quickly, efficiently, and without unnecessary complications, giving you reassurance and confidence in our service.

Creating Real Value: Case Study

We worked with a global commodity trading company struggling with high transaction costs and delays in settling payments with international suppliers. By implementing XEROF's cross-border payment solutions, they cut settlement times by 90% and reduced their transaction costs by 40%. Our service allowed them to reinvest that saved capital into the business and scale their operations more quickly than anticipated.

The Bottom Line: Faster, Safer, and More Efficient Payments

XEROF's cross-border third-party payment solutions enable businesses to move fast, stay compliant, and keep costs low. We bridge the gap between crypto and fiat, ensuring your business can operate efficiently across borders. Whether paying suppliers in multiple countries or ensuring that high-net-worth individuals can use their crypto assets for large-scale purchases without friction, XEROF's solutions make it all possible.

Let's Meet in Person

If you need to simplify cross-border payments, schedule a meeting with us. XEROF is attending most of the premiere global crypto events through Q1 of 2025—let's connect in person. And if you're ever in Zug or Zurich, stop by our office. We'd love to show you first-hand how XEROF can streamline your payment infrastructure.

Let XEROF handle your cross-border payments so you can focus on scaling your business.