Pain Points for SMES and Freelancers
High Fees: Traditional money transfer services impose significant fees, often as high as 5-10% of the transaction value.
Slow Processing Times: At times taking up to several days for Cross-border payments causing delays in business operations in SME's where cash flow is vital day to day.
Lack of Transparency: Charging unfavorable exchange rates make it taxing on both the customer and business owners to feel content with the transaction.
Complexity: Navigating different currencies, regulations, transfer methods, sales and upcoming payment cycles can be overwhelming for small businesses without a dedicated finance team.
What is Lith
A low fee instant payment system specifically designed with SME's and freelancers in mind, with no hidden fees, great transfer rates and a great integrated analytics solution making sure everything is intuitive, accessible and in one place.
What are the key features.
Integrated Analytics: The platform’s analytics dashboard shows trends and insights from your payment activity, like most frequent regions or average transaction size; helping you make informed decisions about pricing, market behavior, customer satisfaction and so much more.
Real-Time Payment Tracking: Every transaction is logged instantly, giving you up-to-date visibility on payments sent and received. You and your customer monitor the status of each transfer in real time
Tax Insights: Lith keeps track and gives you insights into each countries tax regulations, including VAT, sales tax, and international reporting requirements.
Multi-Currency Support: With support for multiple currencies, you can track earnings and expenses across different regions and quickly calculate profits in your home currency, eliminating confusion over fluctuating exchange rates.
** True Global Reach:** Lith is an affordable, low barrier of entry payment platform with multi-currency support and low-cost cross-border transfers, we open up international opportunities for businesses that previously struggled with traditional international payment methods.
Built With
- cloud
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