Linnworks, a UK-based e-commerce technology company, has today announced a partnership with the global leader in commerce technology and payments Payoneer (NASDAQ: PAYO) to simplify cross-border and B2B transactions for their customers.
The partnership will provide retailers with integrated options to receive funds and make payments with competitive currency conversions while creating an increased opportunity for online sellers to expand their marketplace offering.
This partnership enables retailers to make payments to suppliers within their Linnworks purchase orders while managing their accounts via Payoneer within the Linnworks management system. As a result, merchants can reduce cross-border fees and globalize their business while getting paid locally.
Speaking on the partnership, James Allum, SVP and Regional Head of Europe at Payoneer, said: “Our partnership with Linnworks is a crucial step in our journey towards empowering every business with the tools to participate in the global digital economy. By integrating our solutions, sellers will reduce their costs while gaining opportunities to expand their business via new markets.”
Callum Campbell, CEO of Linnworks, said: “We’re very excited to form this partnership which we believe will deliver great value to our customers. This new integration will make it easier for Linnworks users to expand their marketplace operations across borders. With the help of Payoneer, businesses will be in full control of how they manage their funds and payments, in both domestic and foreign currency.”