As the CEO of a creative agency, I feel like I’m constantly putting together a jigsaw puzzle. Each project is different, and each needs different resources. As a result, we pull in employees and contractors from across the globe to provide the highest quality services for our customers.
The payments piece is one of the most difficult to fit into the puzzle. Individuals need to be paid differently, depending on their location and circumstances. With each type of payment comes a different type of fee. Wire fees, credit card fees, PayPal fees … the list goes on and on. Thankfully, things are changing. I recently interviewed John Rampton, CEO of Due, to discuss three important factors to consider before choosing a payment system in 2017.
1. Go global.
As a digital creative agency, I have employees in four different countries and hire talent across the world. This outsourcing has given me the ability to tap into the highest quality providers in the world, but it has also underscored our need for a global payments structure.
“Finding the customers overseas is just the first step. Finding a cheap and convenient way for them to pay you is the hard part,” said John. “The increased opportunity to work with companies and talent in different countries, as well as tap into a world of products and brands that are gaining global appeal through social media connections, has been a great motivator to the financial community as a whole.”
Whether…