The Rho platform serves as a unified tool for automating various payment types, including both domestic ACH and international wire transfers, directly from its interface.

Using the AP Automation workflow, you can onboard vendors specifying their preferred payment method. For domestic vendors, you can schedule and send fee-free ACH payments. For international vendors, you can initiate wire transfers in many foreign currencies, benefiting from Rho's partnership which provides low, transparent FX fees and faster settlement. Both payment types are managed and tracked within the same system.

Nuances & Considerations

• Payment Fees: Domestic ACH and domestic wires via Rho are typically free. International wires incur FX fees (e.g., 1%).
• Cutoff Times: Be aware of payment cutoff times for same-day processing for both ACH and wires.
• Currency Support: Verify Rho's current list of supported countries and currencies for international payments.

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