What is Hyperwallet?
Hyperwallet is an all-in-one global payout platform designed to optimize global payment distribution for businesses, marketplaces and sharing/gig economy platforms. Key features include:
- Comprehensive account management including pre-vetting, onboarding, compliance checks, and reporting on payees
- Payment processing in over 200 countries with fast, secure international bank wires, branded prepaid card programs, as well as eWallets and other local payment methods
- Foreign exchange and cash optimization services such as auto-conversion, hedging, and cash pooling to save on fees and FX margins
- Multiple white label options including customizable payportals, prepaid cards, and payee reporting dashboards
- Developer-friendly REST APIs enabling seamless integration between Hyperwallet and a business's platform, marketplace or software
By outsourcing complex global payout operations to Hyperwallet, businesses can scale globally without the cost and complexity of managing foreign suppliers and payees. Hyperwallet also handles much of the compliance, fraud protection and regulatory licensing required for global payments and accounts.
Workday, Paywings Payroll, TimeTrex, Paylocity, Flapps, Coupa, Square Payroll, Gusto, PayFit, VC Rep, GuideSpark are some alternatives to Hyperwallet.