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+# How Global Payouts Can Empower Communities and Non-profits
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+You’re hosting a charity baking event, raising funds to help an underserved community overseas gain access to 24/7 electricity and clean water. After reaching your monetary goal, you send the money using a platform like PayPal, feeling accomplished. But a few days later, when you check for updates, there's no clear sign that the funds have reached the community. The excitement of making a difference turns into frustration and uncertainty—did the money get there? Or is it stuck in transit, caught up in fees and delays? A possible solution to this issue is global payouts. They are the transfer of funds between two parties in different countries and/or involving two different currencies. Still uncertain about this method? No worries, this article will explore how global payouts empower your non-profits and community initiatives.
+
+## How Global Payouts Offer Transparency and Save You Money
+
+A common issue that non-profits encounter when using traditional banking to fund money overseas is that most of these platforms require them to pay fees to access to some or all of their services and to make transactions.  For example, [nonprofits spend around $3 billion a year on transaction fees](https://www.zeffy.com/blog/nonprofits-paid-2-billion-in-transaction-fees-last-year). In other words, traditional banking platforms are too expensive.  Global payout platforms can solve this issue by giving nonprofits the freedom the payment-sending rates that fall within your budget and are upfront about their fees.  Chimoney was started by [Uchi Uchibeke after struggling to send winners the prize money for an event they were hosting due to the traditional banking platform fees being expensive](https://chimoney.io/blogs/techstars-backs-chimoney-to-revolutionize-global-payouts/). From there, the winners were paid. Now no hidden fees aren’t the only way global payouts can empower your community initiative or nonprofit. Let’s check out another one.
+
+## Overcome Geographical Barriers with Global Payout Solutions
+
+When it comes to funding money overseas, a common issue that nonprofits and community initiatives face is that are restricted to only sending money to certain countries. For example, [Paypal only supports 25 curriences and 200 countries](https://www.paypal.com/sm/webapps/mpp/country-worldwide). This type of restriction can make it difficult for nonprofits, especially those whose mission is to aid people in need, to provide financial funding. Unlike traditional banks, global payout platforms like [Chimoney allows users make transactions anywhere in the worldwide](https://chimoney.io/payouts/). This can put nonprofits as ease as they would be able to send money overseas and in turn help, their intended audience.   Case in point, [Dream Design community's use of Chimoney's payout feature has made it easier for them to send stipends to aspiring tech leaders worldwide](https://chimoney.io/blogs/chimoney-dreamax-partnership-empowering-tech-enthusiasts/). Now no geographical barriers aren’t the only way global payouts can empower your community initiative or nonprofit. Let’s check out another one.
+
+## How Global Payouts Can Make Your Transactions Quick
+
+As cliche as it is to say, “Time is money”, it truly is important for users to get their money on time. Sadly, traditional banking institutions tend to have long delivery processes. For example, [Wise users receives their payment depending on the country and currency](https://wise.com/help/articles/2978029/how-long-does-it-take-to-receive-money-into-a-balance). This can put nonprofits at a disadvantage as it can cause the communities they serve to financially help them in a timely manner.  Unlike their traditional counterparts, global payout systems don’t have a waiting period. Once person sends money, the other person gets its instantly. Nonprofits can benefit greatly from this as they don’t have to worry about the communities they serve not getting the funding they sent.  For instance, [AfricaHacks' collaboration with Chimoney for their hackathon rewards to the winners due to having a feature where they can send people money in just one click](https://chimoney.io/blogs/5-types-of-people-who-should-use-chimoneys-bulk-gift-cards-feature/).  Now before you go, there’s just one more benefit of using global payout systems for nonprofit funding.
+
+## How Global Payouts Can Give You Multiple Ways To Send Money
+
+Global payouts provide the necessary infrastructure for non-profits to send financial support quickly and efficiently. In contrast to traditional banking platforms, global payout platforms users have the freedom to use any method to send their money to other people. This can be helpful to nonprofits as it enables them to decide which delivery method best suits their organization and the people they serve. Case in point, [the International Student Identity Card (ISIC)'s partnership with Chimoney makes it easier for students manage their fiances](https://chimoney.io/blogs/chimoney-partners-with-isic-to-expand-global-benefits-for-chimoney-app-users/) as [they can send and receive money via email, their application, and text messaging](https://chimoney.io/payouts/).
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+## Now It's Your Turn
+
+Whether it’s ensuring timely financial support reaches communities in need or increasing transparency for donors, global payout solutions can be the key to empowering your non-profit or community initiative to serve people in transformative ways. If you’re ready to explore a reliable platform, consider using [Chimoney](https://chimoney.io/).