FAQ

General

AP Automation

Commercial Cards

Cross-Border

Who is Corpay?

What brands came together to create Corpay?

Where is Corpay headquartered?

Which countries does Corpay operate in?

What solutions does Corpay offer?

What industries does Corpay serve?

How do I contact Corpay?

What are the Terms of Service/ Privacy Policy?

What is AP Automation

What does Corpay Cross-Border do?

What are the benefits of implementing an AP automation system?

How does AP automation improve efficiency?

What cost savings can a business expect from AP automation?

How does invoice data capture work?

Will I have to enroll my own vendors?

How do I get started with AP automation?

What is procure-to-pay?

What is the difference between Corpay AP Automation and Payments Automation?

What is the difference between a commercial card and a business card?

What does Corpay Cross-Border do?

How do I apply for a commercial card?

Are there annual fees associated with commercial cards?

How can I track expenses/spending on a commercial card?

Does a commercial card offer fraud controls?

What security measures are in place for commercial cards?

Can I use commercial cards for international purchases?

How are virtual cards used?

How are ghost cards used?

Can Corpay Multi-Card be used for all types of business expenses?

Can Corpay Multi-Card be added to the cardholder's mobile wallet?

Who is liable for purchases, the business or the business owner?

What type of cards does Corpay offer?

Do Corpay’s card programs offer rebates?

Does your card program offer adjustable spending limits and purchase categories?

Why switch to a commercial card?

How can expense management help your business?

What's the difference between virtual, multi, and ghost cards?

What's the difference between a fleet card and T&E card?

What does Corpay Cross-Border do?

Where does Corpay Cross-Border have offices?

What cross-border products does Corpay offer?

What is foreign exchange?

What are Corpay’s global payments capabilities?

What are Corpay’s foreign exchange capabilities?

How are exchange rates determined?

How do I read an exchange rate?*

Why are the exchange rates I see online different from what I might pay for a business transaction or at a bureau de change?

What kinds of foreign exchange transactions does Corpay offer?

What is a spot transaction?

What is a limit order?

What is a forward contract?

What are the two main types of forward contracts?

What is risk management?

What is hedging?

What are currency risk management services?

Can I trade with Corpay online, or do I have to call or email?

What is the Corpay Cross-Border online platform?

How do Corpay Cross-Border payment solutions integrate with existing software?

How do I set up an account with Corpay?

What are my settlement options?

How and when does Corpay process my transactions?

How does Corpay Cross-Border charge for their services?

How does Corpay Cross-Border make money then?

Why is my rate different from the rates I see online?

How do I protect myself against currency fluctuations?

Can I trust that my money and data are safe?

Where is Corpay licensed?

Looking for more information about foreign exchange and the currency markets?

Discuss your needs with one of our consultants