bridge21 Business Payment Advantages
bridge21.com supports business payments to Mexico. Our accounts do not have a sending limit. We can make one-time payments to your suppliers, vendors, and contractors, process major real-estate purchases, or make industrial scale mass-payments to many recipients.
After you fund your account with a US domestic wire, we can pay money into any number of bank accounts in Mexico using CLABE numbers, debit card numbers, and/or mobile phone numbers. You must also know the name of your recipient. We match it to the name on the receiving account information in Mexico.
bridge21.com pays your recipient using the domestic bank system in Mexico (SPEI), where competing services send international wires from another country. SPEI payments in Mexico are free for your recipient, and settle in a few minutes.
Our competitors typically use international wires, which cost more to send, and take several days to settle. The recipient is charged a fee by their bank (averaging 15 USD) for receiving the wire as well. bridge21.com avoids all of this cost, delay, and hassle for you and your recipients, on top of offering historically better exchange rates and fees.
We support both pre-funding and transactional models. With the pre-funding model, you wire US dollars in order to make payments later. In the transactional model, you request rate quote(s) for a set of payments, wire the necessary funds, and we process the payments after the wire settles.
Our digital asset based money movement process is faster and extremely cost efficient. It reduces pre-funding requirements, improves cost, and shortens the time between sending a wire and processing your payments.
We have a robust API that you can integrate with so you can add bridge21.com's payout options directly into your own systems, with limited free integration support. Our payment system and API have been used since 2016 to move millions of USD to Mexico with 100% uptime as of this writing.
We offer some of the most competitive pricing in the industry. Our total cost is usually 10 to 20 basis points better than our closest competitors. This is because we charge a low 1% fee and offer excellent exchange rates, even for clients that make hundreds of small payments.
We may offer custom pricing for larger clients with lower cost use-cases, like single, large Treasury rebalancing transactions between corporate accounts.
You can apply for an account on our Services page. If you would like to learn more first, please open a chat support session with us from bridge21.com. Our chat is encrypted and secure. You may also email us at [email protected].