AccountsDo you need a business account as well as Stripe or Shopify Payments?
Stripe and Shopify Payments take the money. They still need somewhere to send it, and they do not pay your suppliers. Here is how the pieces fit.
Rashidatou K.
2 min readMoney across borders, explained plainly.
Guides for companies that earn, hold and pay in more than one currency: what each payment rail costs, how verification works, how to pay people abroad, and where stablecoins fit.
All articles, page 4
Accounts
AccountsWhat is a virtual account number? How businesses receive and reconcile with them
A virtual account number receives money like any account, then routes it to a balance held elsewhere. Here is how businesses use them and what to check.
Rashidatou K.
2 min read
ComplianceW-8BEN vs W-8BEN-E: which form a non-US supplier gives a US client
A US client asks for a W-8 before paying your invoice. There are two versions, and the wrong one can mean 30% withheld. Here is which to use.
William Sunjo M.
2 min read
AccountsOpening a US business bank account without an SSN
Non-resident founders are told they need an SSN to bank in the US. For a company account, that is usually wrong. Here is what providers really ask for.
Rashidatou K.
2 min read
PaymentsSingapore dollar payments for business: FAST, PayNow and paying in Singapore
Singapore businesses pay each other in seconds on FAST and PayNow. Here is how SGD payments work, and how a company abroad pays and gets paid in Singapore dollars.
Rashidatou K.
1 min read
ComplianceIs Wise or Payoneer safe for business money? Safeguarding explained
People search "is Wise safe" and "is Payoneer safe" every day. The honest answer is about how the money is held, not whether the app is legitimate.
William Sunjo M.
2 min read
AccountsVirtual IBANs explained: what they are and how businesses use them
A virtual IBAN looks and works like any IBAN for the person paying you. Behind it, the money lands in an account held elsewhere. Here is what that means for a business.
Rashidatou K.
2 min read
OperationsPaying a remote team abroad: payroll, EOR or contractor payouts?
Hiring abroad is easy. Paying people correctly abroad depends on whether they are employees or contractors, and whether you have a company in their country.
William Sunjo M.
2 min read
OperationsIncoterms explained: EXW, FCA, FOB, DAP and DDP for small importers
Incoterms decide who pays for shipping, who carries the risk, and who clears customs. Pick the wrong one and you pay costs you did not budget for.
William Sunjo M.
2 min read
PaymentsPaying in Mexico: SPEI, the CLABE and Mexican peso payouts
Mexico's SPEI moves pesos in seconds to any 18-digit CLABE. For companies with teams or suppliers in Mexico, it is the cheapest way to pay.
William Sunjo M.
1 min read
AccountsHKD business accounts: FPS, CHATS and receiving Hong Kong dollars
Hong Kong is a trading hub, and HKD is linked to the dollar. With HKD details in your company's name, Hong Kong clients pay you on FPS in seconds.
Rashidatou K.
1 min read
Cards and spendExpense management for small businesses: cards, receipts and rules that work
Expense management is three habits: give people the right card, collect the receipt at the moment of spend, and approve before money leaves. Here is how to set them up.
William Sunjo M.
2 min read
AccountsDoes a US bank account have an IBAN? What to give a European payer instead
A European client's payment form asks for your IBAN. Your US account does not have one. Here is what to enter, and how to avoid the problem altogether.
Rashidatou K.
2 min read
PaymentsWhat is a SWIFT code, and when do you need one?
A SWIFT code identifies a bank, not an account. Here is how to read one, where to find yours, and which payments actually need it.
Rashidatou K.
2 min readAccountsUSD account details explained: routing number, account number and SWIFT code
A US client asks for your bank details and you send five lines of numbers. Here is what each one does, which ones the client needs, and the mistakes that bounce payments.
Rashidatou K.
2 min read
AccountsCAD business accounts: how to receive and pay Canadian dollars
Canadian clients pay suppliers by EFT, wire or Interac e-Transfer. With CAD details in your company's name, they pay you the same way. Here is how it works.
Rashidatou K.
2 min read
PaymentsLetters of credit explained for small importers and exporters
A letter of credit is a bank's promise to pay a seller when they prove they shipped. It protects both sides of a trade, for a price. Here is how it works.
Rashidatou K.
2 min readPaymentsCross-border payments explained: how money moves between countries
A domestic payment moves between two banks on one network. A cross-border payment has to cross at least two, and every crossing adds cost and time. Here is how it works.
Rashidatou K.
2 min readComplianceWhat is an EIN? How a business gets one, including from abroad
An EIN is a US company's tax ID. Almost every bank and payment provider asks for it. Here is how to get one, including when you have no SSN.
William Sunjo M.
2 min read
Cards and spendVirtual dollar cards for business: how to get one and what to check
Personal virtual dollar cards are everywhere in Nigeria, Ghana, Kenya and Pakistan. A business needs something sturdier: cards in the company's name, funded from the company's dollars.
William Sunjo M.
2 min readWho writes here
Written by people who check the source.
Every article is researched against primary sources: the regulation, the scheme rulebook or the provider’s own documentation. Each one lists them at the end.
Subscribe via RSSPayments editor
Rashidatou writes Rivet's guides to how money moves between countries: the payment rails, what each one costs, and the account details a company needs to get paid in another currency. Every figure in Rashidatou's articles is traced to the scheme rulebook, the regulator or the provider's published price list, and those sources are listed at the end.
- Cross-border payments
- SWIFT and SEPA
- ACH and wires
- Multi-currency accounts
- Stablecoins
46 articles
Operations and compliance editor
William covers what happens once a company starts moving money: getting the business verified, paying contractors and suppliers abroad, and keeping card spend under control. William writes for the founder or finance lead who has to make it work this week, and links every rule cited to the text it comes from.
- Business verification (KYB)
- Contractor payouts
- Corporate cards
- Ad spend
- Finance operations
40 articles
Rivet
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