Cross-Border Payments Made Simple
Cross-border payments have long been plagued by high fees, slow processing, and unnecessary intermediaries. CHEAPPAY revolutionizes international transactions through blockchain technology and smart routing.
Traditional international transfers involve multiple banks, currency conversion fees, correspondent banking charges, and processing delays of 3-5 business days. A typical wire transfer might cost $30-50 in fees plus unfavorable exchange rates. For many people, these costs make international payments prohibitively expensive.
CHEAPPAY transforms this experience. International transfers settle in minutes rather than days, fees are typically under 1% regardless of amount, recipients can spend immediately using their CHEAPPAY cards, and no intermediary banks means no hidden correspondent fees.
The technical implementation leverages blockchain's borderless nature. Money sent from Canada to Philippines moves as cryptocurrency across the Solana network. The recipient receives funds in their local currency or can hold as crypto—their choice.
Smart routing optimizes every international transaction. The system analyzes multiple factors including destination country regulations, exchange rate spreads across different liquidity sources, network congestion and fees, and recipient preferences. Based on this analysis, transactions route through the optimal path automatically.
For frequent international senders, CHEAPPAY offers additional benefits. Set up recurring transfers to family abroad, lock exchange rates for future transactions, create group payments for international teams, and automate currency conversion timing for optimal rates.
Business applications extend beyond personal remittances. Companies using CHEAPPAY for international payroll save significantly on transfer costs, vendors receive payments faster improving cash flow, contractors worldwide can invoice in their preferred currency, and treasury management becomes simpler with unified visibility.
Compliance remains critical for international payments. CHEAPPAY maintains proper licensing in operating jurisdictions, implements transaction monitoring for suspicious activity, provides required reporting for tax authorities, and maintains sanctions screening to prevent illegal transfers.
The recipient experience is seamless. They don't need cryptocurrency knowledge or blockchain expertise. Funds arrive in a familiar interface, immediately available for spending through their CHEAPPAY card or withdrawal to local bank accounts.
Looking ahead, we're expanding currency corridors and adding support for more countries. Our vision is a world where international payments are as simple and cheap as domestic ones, removing financial barriers and enabling truly global commerce.