How it works
ParlyPay provides a structured payment flow designed to support cross-border transactions between parties in different locations.
Step 1: Cross-Border Payment Options
ParlyPay enables businesses to accept and send payments across multiple regions through a combination of local and international payment methods.
- Multi-currency payment acceptance
- Access to cross-border settlement rails
- Compatibility with local and international payment methods
Outcome: Improves payment accessibility and reduces failed transactions across regions.
Step 2: Trust Layer for Cross-Border Trade
ParlyPay introduces a neutral transaction layer that supports exchanges between parties who may not have an existing relationship.
- Buyer funds are secured before delivery
- Sellers receive payment upon fulfillment of agreed conditions
Outcome: Supports more reliable transactions between parties operating in different locations.
Step 3: Escrow-Based Transaction Protection
Funds are held in escrow and released only when predefined transaction conditions are met.
- Funds are secured prior to transaction completion
- Release is based on agreed delivery or service milestones
Outcome: Helps reduce risks related to non-delivery, payment disputes, and transaction uncertainty.
Step 4: Structured Dispute Resolution
ParlyPay provides a guided process for reviewing and resolving transaction issues.
- Evidence-based transaction review
- Defined rules for settlement decisions
- Step-by-step dispute resolution workflows
Outcome: Promotes consistent handling of disputes and clearer resolution processes.
Step 5: Settlement and Payouts
Once transaction conditions are satisfied, funds are released according to the agreed terms.
- Defined payout triggers based on transaction completion
- Transparent settlement process
- Support for cross-border fund transfers
Outcome: Provides more predictable payment outcomes for both parties.
Global Settlement Options
Understand how long it takes for funds to move across different payment rails used in international and domestic transactions.
- ACH Transfers (US): Typically settle within 1–3 business days, depending on bank processing cycles.
- Wire Transfers: Usually processed within the same day for domestic transfers, with international wires taking 1–5 business days based on correspondent banking networks.
- SWIFT Transfers: Cross-border payments generally settle within 1–5 business days, depending on intermediary banks, currencies, and compliance checks
ParlyPay standardizes these settlement flows into a single experience, allowing businesses to initiate and track payments across multiple banking rails through one unified infrastructure layer.