Globally registered and regulated
FCA registration number 900918. 3S Money Club Limited is registered in England and Wales, Company Number 8574246. Dubai Financial Services Authority (DFSA) with DFSA reference number F007004. CSSF registration number W00000016. 3S Money (Luxembourg) S.A. is registered in Luxembourg, R.C.S number B245715
International Business Account
Unlimited international payments via SWIFT, SEPA & Faster Payments with multi-currency accounts.
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Local IBANs
Pay like a local, add IBANs to your account such as GB, NL, LU and AE
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Currency wallets & FX
Hold funds in various currencies and exchange and send 65+ currencies to 190+ countries
Bespoke API & Batch Payments
Automate your cash flow with our APIs. and send simple batch payments worldwide.
What is a batch payment?
A batch payment involves sending numerous payments to different recipients together in one transaction instead of separate transactions. It's beneficial for businesses dealing with international payrolls, recurring invoices, or large transaction volumes, simplifying their payment processes.
Batch payments are also known as bulk payments, mass payments, or mass payouts, all describing a single payment from your account that covers multiple recipients simultaneously.
Now you know what a batch payment is, let’s find out how one works.
How does a batch payment work?
Instead of making individual payments and processing each transaction consecutively, batch payments allow you to pay out to multiple receivers at once. Usually you’ll upload a spreadsheet containing all the information required by the software processing the payments.
The payments are then processed from one account, with a payment gateway generating the required amount and sending it to the receivers’ accounts in the preferred currency. Batch payments are ideal for when you have a high volume of regular payments, and are particularly useful for paying out to recipients in different currencies.
How does 3S Money support batch payments?
Businesses benefit from batch payments through streamlined processes, reduced human error risks, and improved transaction oversight, making money transfers faster, cheaper, and more efficient.
Increased payment capabilities
Businesses can utilise batch payments to handle different transactions, including (but not exclusive to) vendor/supplier payments, employee salaries, invoices, bill payments, refunds, and bulk payouts.
Creating batch payment instructions
Users can generate batch payment instructions using two methods: directly within an Excel spreadsheet or by exporting data from existing financial or Enterprise Resource Planning systems (ERPs).
Multicurrency batch payments
Businesses can use 3S Money's online digital payments platform to execute large, high-value batch payments worldwide in multiple currencies, streamlining international transactions.
Security measures
Every payment made via 3S Money is safeguarded by our top-tier banking partners and protected using industry-standard encryption and two-step user authentication.
What are the benefits of batch payments?
Batch payments benefit businesses by saving time, reducing errors, enabling global payments across currencies, and potentially saving costs by processing multiple transactions together.
Here's how batch payments could benefit your business:
Error reduction and time-saving
Batch payments significantly reduce the likelihood of errors as recipient details aren't entered individually. This also helps businesses save time by removing lengthy manual admin processes.
Payment flexibility
Adjustments to batch payments are more straightforward than modifying individual transactions manually, providing flexibility and ease in managing payment details.
Simultaneous payments
Batch payments facilitate payments across different countries and currencies at the same time. They play a crucial role in supporting businesses' global expansion without necessitating extensive changes within their accounting teams.
Cost efficient
Batch payments offer cost-saving advantages, particularly in global transactions, as fees are typically charged per batch rather than per individual payment. This approach can significantly reduce business transaction costs, improving financial management.
Ready to discuss your payment needs?
Contact our team today to learn more about how 3S Money can help level up your batch payment capabilities. If you're an existing 3S Money client, get in touch with your Relationship Manager for dedicated support.
Last updated: 10/01/24
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© 3S Money Club Limited 2019-2025. All rights reserved. 3S Money and 3s.money are trading names of 3S Money Club Limited. 3S Money Club Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for issuing of electronic money and the provision of payment services with FCA registration number 900918. 3S Money Club Limited is registered in England and Wales, Company Number 8574246, with its registered office address at 45 Folgate Street, London, E1 6GL, United Kingdom. 3S Money Club Limited is registered with The United Kingdom Information Commissioner's Office with ICO registration number ZA495485. 3S Money Club Limited (DIFC Branch) is regulated by the Dubai Financial Services Authority (DFSA) with DFSA reference number F007004, authorising it under Article 48 of the Regulatory Law 2004 to carry on the Financial Services comprised in Issuing Payment Instruments and Providing or Operating a Payment Account. 3S Money Club Limited (DIFC Branch) is registered in Dubai International Financial Centre, Licence Number CL5587, with its registered office address at Central Park Towers, Office 17-37, DIFC, Dubai, UAE. 3S Money (Luxembourg) S.A. is authorised by the Commission de Surveillance du Secteur Financier (CSSF) under the law of 10 November 2009 on payment services for issuing, distribution and refund of electronic money with CSSF registration number W00000016. 3S Money (Luxembourg) S.A. is registered in Luxembourg, R.C.S number B245715, with its registered office address at 25C, Boulevard Royal, L- 2449, Luxembourg, Grand Duchy of Luxembourg