Cross-Border
Remittances

International Remittance Payments Are Key For a Global Workforce and Guest Workers Everywhere

Fintechs can tap into Sila’s powerful payments architecture to connect more people to money transmission across borders. Here are some ways that Sila’s clients solve problems in cross-border remittance.

Simple and Affordable

Sila helps remittance companies set up workflows that make it easy and affordable for their customers to send money overseas. Whether your setting up services for one diaspora to the motherland, or want to serve customers with multiple currencies, Sila can help.

Sila Understands Your Business

How to connect with relatives that have no bank account? How to avoid exorbitant service fees? How to select a currency partner that works with you? Sila has been answering these questions for many businesses like yours.

Scale as You Need

Want to grow your offerings? Sila's experience includes working with startups and established companies - and everything in between.

Compliance Comes With it

Compliance is necessary for all financial transactions. Luckily, compliance-as-a-service comes standard with all Sila products.

Start Reviewing These Products Others in Your Industry Found Useful. Or, Talk to an Expert.

KYB
KYC
Bank Account Linking
Fraud Prevention
Instant Settlement

What type of security best practices does Sila’s International Payments feature follow for payment data?

All of Sila’s APIs come with customer due diligence best practices, including Know Your Customer (KYC), Know Your Business (KYB), and other international compliance measures.

Do I need my own Plaid account to use Sila’s International Payments?

Yes. Plaid’s AUTH product is required for the Sila API. Sila works with Plaid’s entire suite of products and is tightly integrated. If you need more than AUTH, we can help advise you on your Plaid subscription.

Can I transfer money via the Instant Settlement internationally?

If you’re adding on international payments, you’ve likely started up with our ACH API and Wallet API. Our international money transfer API integrates seamlessly with the Sila API packages through our partners Corpay (CambridgeFX), Thunes, and Currencycloud. Ask our sales team to see if instant settlement is available for international transactions.

How much do Instant Settlement ACH transfers cost?

See our full transfer pricing schedule.

How long do money transfers in the Instant Settlement take to process?

While ACH payment settlement might take 2 up to 4 business days, instant settlement is instant. In all reality, it might take a few seconds for the transfer to show up in the user's account.

What are the business requirements for using the Instant Settlement?

For most plans, businesses will need to be incorporated in the U.S. and each of your end-users will need to pass SSN verification or EIN verification. Learn more about pre-qualification for all our API access.

Where can I learn more about how the Instant Settlement works?

Instant settlement is a way to bypass normal settlement timelines of days and to expedite settlement to as little as seconds. The instant settlement API gives businesses an edge against competitors.

This API can schedule settlements and make transactions settle virtually instantly. To do this, approved businesses essentially gain eligibility as a verified business and are given credits. This is a great feature for user experience and merchant experience.

Get Started With Instant Settlement for Free

Our sandbox is mission control for all Sila products. Register, build, test, and customize your API all before you launch.

Want to get started? Launch ground zero for Sila APIs and instant settlement.