---
title: "FX 101: What Franchisors Need To Know About Cross-Border Payments"
url: https://burnaze.com/article/bfe1ca93-e610-40b2-8373-ee7ac995b04a
source: "Franchising.com"
original_url: https://www.franchising.com/articles/fx_101_what_franchisors_need_to_know_about_crossborder_payments.html
author: "Eddy Goldberg"
category: "Franchise Industry"
industry: "Franchise Industry"
topics: ["Regulation & legal"]
published: 2022-10-26T09:00:00.000Z
modified: 2026-11-01T01:07:41.001Z
image: https://imgs.franchising.com/art/articles/7143_plate.jpg
---

# FX 101: What Franchisors Need To Know About Cross-Border Payments

**TL;DR:** Franchisors need to consider cross-border payments when establishing operations in new countries due to complex international currency exchange. A new report from Flywire provides guidance on getting paid quickly and cost-effectively from global franchisees.

*By Eddy Goldberg, originally published in Franchising.com on 2022-10-26. [Read the original](https://www.franchising.com/articles/fx_101_what_franchisors_need_to_know_about_crossborder_payments.html).*

## Story

One of the most important – and perhaps overlooked – variables in establishing franchise operations in a new country is how to get paid by foreign masters operating in different currencies. It’s fair to say most domestic U.S.

franchisors (operating in a world where the U.S. dollar still rules) don’t have a lot of experience in international currency exchange.

In a session on international franchise development at last week’s Franchise Leadership & Development Conference (Oct. 17–20 in Atlanta), panelist Russ Sumrall (SVP, International Strategic Development for Church’s Chicken and Texas Chicken) acknowledged the difficulty in getting paid in U.S.

dollars from about half a dozen countries where those brands operate. Perhaps this new report from Flywire can help – either in getting paid, or in warning those seeking to expand overseas to look before they leap. An 8-page white paper, “What franchisors need to know about cross-border payments: Considerations for getting paid quickly and cost-effectively from global franchisees,” is here to help.

From the introduction: “In this white paper, we define some of the most important terms around international payments and explore some considerations, challenges, and questions to ask when pursuing an international franchise strategy to digitize and ease cross-border payments processes.” Topics covered include: FX 101, an introduction to foreign exchange terminology, laws, and regulations; compliance with regional and local requirements; different payment methods; transaction security and privacy; cost and complexity of managing multiple banking relationships; hedging currency risk; geopolitical risks and issues; and more. As noted in the report, “Going international and receiving international payments is rarely as simple as opening a bank account in another country.

## Entities

- Franchising.com (publication)
- Franchise Industry (sector)
- Eddy Goldberg (person)
- Church's Texas Chicken (company)
- international franchise development (topic)
- currency exchange (topic)
- cross-border payments (topic)
- foreign exchange (topic)

---
Originally reported by Eddy Goldberg, Franchising.com (https://www.franchising.com/articles/fx_101_what_franchisors_need_to_know_about_crossborder_payments.html). Summarized by Burnaze (https://burnaze.com/article/bfe1ca93-e610-40b2-8373-ee7ac995b04a).