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Storspay
Pay your team in Africa and LATAM for 1%, not 6%
7 followers
Pay your team in Africa and LATAM for 1%, not 6%
7 followers
Storspay is a B2B cross-border payroll platform for US and Canadian businesses that pay employees, contractors, and suppliers in Africa and Latin America. Deposit USD from your bank account. Your team gets local currency in their bank or mobile wallet — same day. Total cost: 0.5–1.5%, compared to 5–7% on traditional bank wires. No hidden FX markups. No intermediary bank fees. No 3-day delays. Try the free savings calculator on our site to see your exact annual savings in 10 seconds.
Finally a tool that makes paying our contractors in Mexico actually painless. The savings calculator nailed our annual costs almost exactly, and the no FX markup thing isn't just marketing.
honestly this looks super useful, our team has been overpaying on wires forever. one thing though, would be great if you could add support for paying in stablecoins like USDC as a funding option, since a lot of our overseas partners already use them and it would make the deposit side way more flexible.
Honestly the savings calculator is kind of eye-opening, I punched in our contractor payments and it showed we were basically burning cash on bank wires. Love that there's no FX markup hidden in there.
Plugged in our contractor numbers and the savings calculator showed we were losing almost 4k a year to wire fees, which tracks with our finance team's complaints. Love that there are no FX markups layered in.