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Case Study: How Callisto Group Uses Payset to Simplify Payments in the Immigration Services Industry

Feb 22, 2024

4 min. read

James Irwin

James Irwin

Author

This is the first installment in our new series wherein we profile companies successfully using Payset to meet their payment needs. Read on to see a specific use case for Payset’s services. It may just reveal a new way we can help your company thrive. Thanks so much to the Callisto Group team for sharing your experience!
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Callisto Group is an immigration consultancy agency based in Vancouver, Canada, and operating worldwide. Their mission is to help clients navigate Canada’s complex immigration system and find the best approach to bringing them to Canada.

They have been a Payset client since 2022.

1. Could you provide a brief profile of your business (your industry and focus, how long you’ve been in business, how many employees there are, and anything about your story that you’d like to share)?

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Our company has been at the forefront of the immigration services industry for over eight years, specializing in providing comprehensive assistance to individuals worldwide seeking to immigrate to Canada. As a robust small-to-medium enterprise, we have made a global footprint with our subsidiaries in numerous countries. Our story is a testament to our commitment to easing the process of immigration, offering an understanding hand during what can often be a complex journey.

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2. How did you find out about Payset? Did you compare us to other platforms? Why did you end up selecting us?

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Our discovery of Payset was a product of diligent research, which involved leveraging our professional networks and other resources to identify the most suitable wire transfer solution provider. The decision to choose Payset was predicated upon various criteria, including operational efficiency, interface usability, service quality-cost analysis, and most importantly, dependability.

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3. What was opening the account like? How long did it take? Did you get the necessary support?

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Our experience of setting up an account with Payset was seamless. The responsiveness and expedience of the Payset team were commendable, ensuring our queries and requests for assistance were promptly addressed.

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4. How are you currently using Payset’s services? In other words, which of our products do you use, and how do you use them?

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Payset serves as one of our primary avenues for conducting wire transactions. This service is deployed across all our global desks, enabling us to efficiently manage payments from our diverse clientele.

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5. Do you have any feedback or suggestions about your experience with our customer support team?

Our interaction with Payset’s customer support has been predominantly positive. Fortunately, we have not encountered any significant issues that necessitated significant intervention. Their diligence is worthy of commendation.

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6. What would you say are the problems you’re solving with Payset? How do our solutions help your business? (Does it save you money? Does it help you increase productivity?)

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Payset addresses a critical need in our operations, particularly for clients without access to credit cards or those who prefer wire transfers over card payments. By facilitating these transactions, Payset aids in streamlining our processes, ultimately contributing to enhanced productivity.

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7. Payset is on the cusp of releasing many new products and improvements (a new user platform, new banking partners, new services like debit cards, and more). Is there anything that you foresee being particularly relevant for your company or any products or services you’d like to see Payset add or adapt?

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We anticipate that the proposed enhancements, such as the user platform overhaul, could significantly augment our user experience, which is already commendable. The introduction of additional banking partners, especially in countries not currently within your service area, would broaden our operational reach, opening up more opportunities for our clients to benefit from Payset’s services.

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8. Would you recommend Payset to other people?

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Without hesitation, we would recommend Payset. Our experience has been extremely satisfactory, and we have consistently spoken highly of your services within our professional circles.

A UK multi-currency account can streamline how you manage your finances. Whether for business or personal use, a multi-currency account provides you with added freedom and flexibility and removes barriers to payments and transfer methods.

Here is everything you need to know about UK multi-currency accounts.

A Payset UK multi-currency account is a single account with which you can hold, send, and receive funds in up to 35 currencies. This allows business or personal account holders to save endless time and money on foreign exchange, and money transfers, which from a traditional bank account would be far more expensive and slow.

From your personal UK-based IBAN account, you can transfer money to bank accounts around the world as well as send and receive free and instant transfers to and from other Payset clients. You can send funds using a diverse network of payment networks, including SWIFT, SEPA, Target2, Faster Payments, CHAPS, and more.

When you exchange funds from one currency to another, there are no margins added to our exchange rates and the fees are clearly displayed before you click send. If you, for example, work with multiple currencies, make purchases in other countries, travel frequently, invest in foreign currencies, pay staff in other countries, or receive payments in other currencies, a multi-currency account can save you time, money, and work compared to a traditional bank account.

There are lots of banking institutions and financial services that will aid you in opening a multi-currency account. Often they can allow you to convert and transfer a considerable number of currencies.

Before you open a UK multi-currency account with any platform or service, make sure you have explored all of the different options available to you and have found the best type of account to suit your financial needs.

How Does a UK Multi-Currency Account Work?

A UK multi-currency account works in the same way as a standard bank account or electronic wallet. Although the services provided will change depending on where you choose to open your account and who you choose to open the account with, all multi-currency accounts should allow you to:

In the same way that fees can occur with a standard bank account you may run into additional charges with a UK multi-currency account.

You could be charged for a number of actions including; making withdrawals, account opening and closure fees, transfer fees, and more.

The frequency or amount of these charges will often vary and if you ask your banking agency they will usually be able to tell you exactly how much you will be charged and which services you will be charged for before you open your account.

Alternative Options to Consider Before Opening a UK Multi-Currency Account

There are many alternatives to opening a UK multi-currency account. For example, there are also money transfer services and online electronic wallets such as Payset that allow you to send your money in 35 currencies without the need for a UK multi-currency account. You can start sending money across the globe or in person today using your existing bank account.

Frequently asked questions

Types of UK Multi-Currency Accounts

  • Multi-currency IBAN accounts
  • Personal multi-currency accounts
  • Multi-currency accounts for business
  • Multi-currency cash passports
  • Multi-currency wallets

Information contained in this publication is provided for general education and information purposes only and should not be construed as legal, tax, investment or other professional advice or recommendation, or an offer of, or solicitation for, any transactions or any other actions (or refraining therefrom); This material has been prepared without taking into account any particular recipient’s financial objectives or situation. We make no warranty, guarantee or representation, whether express or implied, as to the completeness or accuracy of the information contained herein or fitness thereof for a particular purpose; Use of images and symbols is made for illustrative purposes only and does not constitute a recommendation or advice to take or refraining from any action; Use of brand logos does not necessarily imply a contractual relationship between us and the entities owning the logos, nor does it represent an endorsement of any such entity by Pay Set Limited, or vice versa; Market information is made available to you only as a service, and we do not endorse or approve it; Any reference to past performance, predicted returns, or likelihood performance scenarios may not reflect actual future performance and certainly do not guarantee future outcomes.

Payset is your global payments solution

Send and receive funds in 35 currencies via local and international payment networks around the world from one online dashboard.

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