Center Source SAS, a Colombia based Nearshore Outsourcing company, has been using BitPay to help its international customers pay their invoices cheaply and quickly to Latin America. By working with BitPay, Center Source has been able to attract new global customers by bringing together the power of BitPay payments with sophisticated nearshore call center solutions.
Center Source is a full-service BPO servicing clients in the consumer products and healthcare space. All of their clients are based outside Latin America and look to Center Source to provide efficient BPO and call center support. Unfortunately, payments to Latin America are very slow and expensive making it very difficult for Center Source to sign up new clients.
“BitPay solved our payments pain and more importantly, our new clients’ pain. Working with BitPay has opened up our outsourcing business to the international markets, allowing us to pursue clients looking for nearshore call center services that accept blockchain payments.”
“BitPay is solving real payments pain every day. We’re thrilled to help businesses in Colombia, Brasil, Argentina and throughout South America engage in business they couldn’t before. We’re leveraging blockchain payments to deliver global business to business payments daily. We’re thrilled to be working with Center Source SAS, a true innovator in the nearshore outsourcing space.”
Due to high foreign exchange and wire fees (the problem with B2B wires), Center Source SAS new client was having difficulty in paying their invoice. By using BitPay, they received their payment the next business day and the only fee charged was 1%. Similar bank wires can take 3 – 5 days and can cost between 3% – 6% when factoring in the FX fees.
BitPay’s cross border B2B solution is helping companies around the world get paid for only 1% fee in one business day. This solution is often cheaper and quicker than bank wires in most parts of the world. BitPay also provides visibility into the exact fees being charged which can be pretty hard to determine with global bank wires. BitPay’s B2B business grew over 200% last year and is being used by fortune 500 corporations as well as small and mid-size businesses.