- Linnworks, which offers e-commerce technology, has struck a deal with global payments firm Payoneer to develop a new business-to-business transaction service for clients.
- It will allow companies in the sector to accept funds and place payments, and will also bring down the overall cost of making transfers.
- “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,” said a senior figure at Payoneer.
Linnworks, a provider of e-commerce technology in the UK, has confirmed that it has linked up with Payoneer, a world leader in payments and commerce technology.
The companies are offering a new service which will help to make business-to-business and cross-border payments simpler for their customers.
The service will provide retailers with integrated options to receive funds and make payments with competitive currency conversions, while helping online sellers to increase their presence in the marketplace locally and globally.
The partnership is expected to reduce the fees associated with cross-border payments.
James Allum, who is the senior vice president and regional head of Europe at Payoneer, spoke about the positive outcome that the arrangement with Linnworks will have.
“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,” he said.
“By integrating our solutions, sellers will reduce their costs while gaining opportunities to expand their business via new markets.”
For Linnworks, the chief executive officer Callum Campbell said that his firm was “very excited” about the prospect of the new pairing and the boost it will offer its users.
“We’re very excited to form this partnership which we believe will deliver great value to our customers,” he said.
“This new integration will make it easier for Linnworks users to expand their marketplace operations across borders.”
He concluded that Payoneer’s input would enable companies to be in control when it came to managing their money and more.
“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,” he said.
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