It Pays to Issue Refunds in Local Currency

How it works: A company’s accounts payable or customer service department sends a file to Chexx containing the names of customers to be reimbursed, the amount and currency to be issued, and the company’s order or reference number. Drawing on PacNet’s network of bank accounts, Chexx issues a refund check from a major bank in the country where the customer resides. Checks can be sent to the company via courier for disbursement or, for a small fee, Chexx will enclose an appropriate letter with the company’s branding and send the checks directly to the beneficiary via First-class mail service.