Introduction
Freelancing is a global sector that is probably worth billions of dollars per annum. Skilled remote workers try to connect with available overseas roles or projects. At the end, payment needs to be made for services rendered. Developers, animators and many other skilled professionals receive payments for hiring out their skills. Besides remote workers, there is another set of people that require the services of a global payment processor - oversea workers. People travel to work in foreign countries and need to send money home. How will they do that? A payment processing platform.
There are many payment processors but Blackroll stands out for its global network. Both for remote gig workers or international staff, Blackroll makes it easy to collect payments across the globe. This article will highlight some interesting Blackroll products which has made it a popular choice in the payment processing industry especially for users from developing economies.
Blackroll - facilitating cross-border payments
Blackroll is an international payment gateway for individuals and businesses. It boasts all the features that a business needs to reward international staff no matter where they are based. Blackroll supports sending and receiving payments in local currencies and in digital assets like stable coins. Among its many tools for payment handling, Blackroll boasts a virtual dollar card that could be used to make payments, purchase online and use in all outlets with the Mastercard logo.
Blackroll is a regional solution to a global challenge for GiG and international workers that are from Nigeria. International workers with various companies abroad make use of Blackroll for remittances home. With a large outflow of skilled workers from the region, Blackroll empowers them all to receive payments through various options. Below is how the company surmarizes its services.
Blockroll allows businesses to streamline payroll and compensation activities. It supports payments in fiat and stablecoins, provides multiwallets, invoicing tools, and a virtual USD debit card. Users can refer others through our referral program and earn rewards. source
Choosing the solutions that work for you
Just as it was explained above, Blackroll creates a solution for all payment processing needs. Whether a customer wants to pay an overseas supplier or reserve a room in a 5-star international hotel, Blackroll got them all covered. Below are some of the features of the platform
- Virtual debit card: This is Blackroll's solution for making online payments and purchases. The card is denominated in US dollar and can hold significant funds for online transactions. The bank can hold an account balance up to $100k. Users are allowed to fund up to $10k in a single transaction. That means all basic purchases could be covered in one transaction using this card.
The Virtual card has no renewal fees, so users are free to enjoy the features year in year out. This card has international recognition. It can be used anywhere the Mastercard logo is seen. That includes all online platforms and also ATMs for cash withdrawals. Each card has a life cycle of 3 years before they are renewed. With the virtual dollar card, Nigerians working remotely would be able to fund purchases and transactions online.
- Dynamic wallet: Blackroll boasts a dynamic wallet that caters to all transactions any users might want to do. This wallet is where a user's assets are stored and from where transactions are done. The wallet supports all types of asset including fiat and crypto. When funds are sent to a user, they are received using the wallet. The crypto assets that Blackroll wallets support is stable coins.
The wallet supports a lot of functionalities which a standard wallet is expected to have - and more! From the wallet for example, a user could make quick conversions of asset from one form to another. Fiat could be changed to crypto and it could also go the other way round. Besides, the wallet was designed for single users and businesses. Single users could make lone transfers. But what about a business that has many staff and needs to pay them? Blackroll wallet has a batch transfer feature which would make it easy for a business to use it as a payroll application. It supports bulk transfer of assets to multiple users at the same time.
Still on assets conversion within the wallet, there is an in-built conversion tool which enhances the whole processes of moving funds from one form to another. The conversion tool also comes with standard rates which are also the best of anyone at any point in time. When users are converting from fiat to crypto or the other way round, they are sure not much is lost to exchange rates.
- Invoicing: This is another cute feature of blackroll which is most suited for businesses. The invoice creation tool allows a business owner to create invoices for orders and track payments too. It comes with an address book too which would record all invoices and transactions, making accounting and auditing of finances a straight-forward affair.
With invoicing, businesses would be better able to manage their finances. They can track orders, check delivered inventories and be sure that all finances are on record. One other interesting thing about Blackroll invoicing is that they could be created in any currency of choice, either crypto or fiat. . It is a kind of inclusive.
Finally
Blackroll seems to be filling a huge gap when it comes to payment processing. Expats earning foreign currency would have a way to send money home without much headache. Local users that do GIGs also have a platform they could use to receive their payments. Even local businesses could use Blackroll for Payroll. Do your own research about Blackroll if you intend using it. This post is for information purposes and should not be mistaken for financial advice.
Note: thumbnail is mine
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