U.K.-based eCommerce technology company Linnworks announced Wednesday (June 29) that it is partnering with eCommerce payments service provider Payoneer to simplify cross-border and B2B transactions for its customers.
Linnworks’ platform allows retailers to integrate a range of third-party services. It also provides a range of tools to connect, manage and automate commerce operations.
The partnership will provide retailers with more options for receiving and making payments, according to a press release. It will allow Linnworks to offer its clients competitive currency conversions while creating an increased opportunity for online sellers to expand their marketplace offering.
“We’re very excited to form this partnership which we believe will deliver great value to our customers,” said Callum Campbell, CEO of Linnworks. “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.”
James Allum, senior vice president and regional head of Europe at Payoneer, added: “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.”
Founded in 2005, Payoneer is an American company that provides online money transfer and digital payment services. In recent months, Payoneer has inked a number of partnerships with players in the global eCommerce sector.
On Tuesday (June 28), the company also announced that it would be lending its payment services to the South Korean B2B marketplace EC21.
Read more: Payoneer, EC21 Partner to Boost South Korea SMB Trade
EC21 will use Payoneer’s platform to support cross-border trade involving Korean small- to medium-sized businesses (SMBs).
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