Linnworks, Payoneer collaborate to streamline Cross Border Payments

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Linnworks, a software-as-a-service commerce platform, has recently announced that it is entering into a partnership with the global leader in commerce technology and payments, Payoneer. With this collaboration, the firms will be working towards simplifying B2B and cross-border transactions for their customers.

The unison will offer retailers an integrated option for receiving funds and making payments with viable conversions of currency while building new prospects for online sellers to enlarge their marketplace offerings.

It will also further empower retailers to make payments to traders within their Linnworks purchasing orders while supervising their accounts through Payoneer within the management system of Linnworks.

This can aid the merchants in globalizing the business and lower the cross-border fees by getting paid locally.

James Allum, SVP and Regional Head of Europe at Payoneer, while speaking on the partnership, said that this alliance with Linnworks is a vital step in their journey towards empowering each business with the tools for playing a part in the global digital economy.

By integrating the solutions, sellers will be able to lessen the cost by gaining prospects of expanding their businesses in new markets.

CEO of Linnworks, Callum Campbell said that the firm is very excited about this collaboration which, according to them, will offer great value to the customers. The novel integration will make it simpler for users of Linnworks to enlarge their marketplace operations across borders.

Furthermore, with Payoneer, businesses will be in full control of how they will manage their payments and funds in both foreign and domestic currency.

Linnworks is one of the most recognized commerce automation platforms that allows major brands and retailers globally to manage their omnichannel orders, inventory, and fulfillment via a single dashboard, offering deep insights across the operations.

Source Credit - https://www.businesswire.com/news/home/20220629005135/en/Linnworks-To-Simplify-Cross-Border-Payments-With-Payoneer-Partnership