PaisaRocket provides instant cross-border payments and invoicing tools for Indian Businesses to help them get paid faster from anywhere in the world. We leverage crypto for faster and less expensive payments.
making payments is efficient and easy. Fees and timeframe are clearly shown early in the process. Security seems good. Biometric authentication (i.e., fingerprint) means even if someone gets my phone's login access, still they can't authorise my app; all the authentication process lies solely with me. Highly recommended.
Got referred to by a friend. Right from creating invoices till accepting payments from my clients abroad, this has made my life easier. Thankyou for such a transparent and efficient service :)
I would like to thank the team of PaisaRocket for creating this wonderful application that makes global payment methods more fast and secure.
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Maker
@nitesh_sinha Thanks for being a beta user and providing feedback!
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Interesting idea. I'm interested in two areas:
1) Fees. You say "low fees" but what are the fees exactly? Let's say, the company wires now $1000 SWIFT payment. How much USD the employee gets?
2) KYC/legal issues. Salaries are not payments for socks. It's high amounts. What guarantees do the employee & employer have that their funds won't get stuck somewhere due to some 3rd party?
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Maker
👋 Hey PH, I am Ashish and I am a member of the founding team of PaisaRocket.
⛔️ The problem
I have worked from India for USA-based software companies. As a contractor myself, I found that the current financial systems do not serve the needs of remote workers who are working for foreign companies. We interviewed 300+ remote workers and found they all faced the same following issues.
i) Delayed International Payments
Remote workers in India freelancing for U.S. based companies have to wait 7-10 days for their money
ii) Huge transaction fees
These payments incur 5-10% per transaction plus flat fees of up to $60.
✅ The solution
i) Easy to use invoices and reminders
Send simple invoices & reminders quickly to customers via email, text message, or any other messaging options
ii) Accept Payments instantly
Using Multi-currency cross-border bank accounts and modern payments rails like stable coins, we enable them to receive money instantly
iii) Very low fees
Now the users pay only 1/10th of the typical fees
By helping remote workers get paid faster and save transaction fees, we help them focus on their jobs while leaving them with more energy for family, friends, and hobbies.
We’d love to hear about your own experiences working remotely and payments.
We’ve also set up $100 in free credits (enough to cover fees for $10,000 in payments) for anyone who’s interested in trying our products out:
Any ideas/feedback/questions you might have about what we’re building are more than welcome!
Our email team [at] paisarocket.com
Thank you!
Rejoy Health