bridge21 Business Payment Advantages
bridge21.com supports business payments to Mexico. We can make one-time payments to your suppliers, vendors, and contractors, or we can make mass-payments to many recipients. We can pay money into any bank account in Mexico using the account's CLABE number, and all we need to verify the identity of your recipient is their name (which we match to the bank account using the SPEI network in Mexico).
bridge21.com pays your recipient using the domestic bank system in Mexico, where competing services send international wires from another country. Domestic payments in Mexico are free for your recipient, and settle in under an hour, usually in minutes.
Our competitors typically use international wires, which cost more to send, take several days to go through, and your recipient is charged a fee by their bank on their end for receiving the wire. 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 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 payments system and API is robust, and has been used for years to move millions of USD to Mexico without issue. References available upon request.
We offer some of the most competitive pricing in the industry. Our Bridge Rate is usually 10 to 20 basis points better than the spot USD:MXN exchange rate, and we charge a low 1% fee. We offer revenue share for some enterprise level accounts. Our enterprise clients often enjoy a total cost of currency exchange that is better than wholesale currency exchange rates over time, something other companies do not offer.
Business Registration & Account Tiers
Please see the table below for the requirements, capabilities, and pricing for each type of business account we offer.