One solution to manage all payments
Our full single-product PaaS uniquely provides our marketplace clients with one solution to manage their payments. From order placement to final settlement or multiple payments to sellers (and other stakeholders), all with full reconciliation.
Deep accounting reconcilliation
We provide deep reconciliation and audit trail capability on shipping documentation, invoicing and export documentation across all markets. Our service also allows for part-payment, installments and deposits on sales contracts and through the accounting reconciliation process maintains a payment ledger consistent with the marketplace accounting system.
CurrencyFair’s Chinese connection
CurrencyFair’s capabilities for servicing Chinese sellers include full payment reconciliation, via API, to the export license, shipping and invoice documentation with same-day/next-day payout in China through direct connectivity to the top 15 banks in China, and indirect connectivity to >300 rural banks. The solution provides full compliance with China’s AML and business license regulations.
As the service was initially developed to support international Chinese sellers/exporters CurrencyFair also supports non-marketplace international trade payments for individual Chinese companies.