Centralise your payment ops with cross-border payments

International payments between the EU, US and China are becoming a growing necessity for digital commerce businesses. That’s why we’ve launched our latest feature, cross-border payments with Juni, to increase the speed, transparency, cost, and access of international transactions for our customers.

We take a look at why cross-border payments are so important and how we can make them better.

‍

What are cross-border payments and how do they work?

Cross-border payments are exactly what you expect – international payments across borders. This usually refers to countries outside of the EU, like the USA or China.

FXC Intelligence estimates that the B2B global ecommerce market size for cross-border payments is 10 trillion USD, making it the second biggest segment in business international payments. It’s set to see a growth of 120% by 2030!

These large figures reflect how cross-border payments are especially important for ecommerce businesses. It’s common to source inventory from overseas manufacturers or to work with vendors, contractors or have sister legal entities abroad.

‍

Easily pay suppliers in China and the US with Juni

Eliminate the hassle and extra expense of operating in multiple markets. With Juni, EU customers can pay suppliers across Europe, mainland China and the US directly and securely from your USD IBAN account. The best bit? We won’t charge you transfer fees to make cross-border payments.

With Juni’s cross-border payments, you can centralise your payment ops, reducing the need for multiple bank accounts. By streamlining your international payment process, you’ll also simplify acquiring your inventory.

“Our new cross-border payments feature ensures ecommerce businesses can pay vendors, suppliers and do intercompany transfers easily. This is one of many steps we’re taking to become a banking alternative for our customers,” says Samir El-Sabini, our CEO and Co-founder. “We’re always working to expand our offering, and will look to add additional jurisdictions in the coming months.”

‍

Control your cash flow with Juni

Juni gives businesses in digital commerce the financial tools and intelligence you need to manage and ease cash flow and make smarter decisions, faster.

Gain complete visibility and control over your cash flow with a unified view of your funds, multi-currency business accounts, corporate cards and unparalleled insights and analytics – all in one place.

We can even help boost your bottom line with cashback and extend your runway with fast, flexible financing for everything from media buying to paying suppliers, with up to 90 days to repay. See availability for your country.