Traditionally, cross-border payments made via telegraphic transfer can be slow. It is not uncommon for the transactions to be unsuccessful, which causes delays. On top of that, merchants are charged a high foreign exchange rate with the bank’s buying rate.
MoovPay allows you to conveniently send and receive cross-border payments by sending a link of the payment page or a QR code to your client. MoovPay wants to help you to reduce the cost and time of collecting and managing payments. With MoovPay, you can also send payment reminders to your client before the bill is due.
MoovPay understands that merchants want the most convenient, safest and quickest solutions for cross-border transactions. MoovPay is here to help you to do so conveniently, safely and quickly.
Benefits & Features
- Quick and hassle-free to send and receive cross-border payments with other businesses.
- Low foreign exchange rate compared to bank’s exorbitant buying rate.
- Set a payment reminder to your client before their bill is due.
UnionPay B2B is a specialised channel that UnionPay has developed specifically to provide Business to Business payments using UnionPay’s channel and network. Through UnionPay B2B, UnionPay seeks to deliver a more efficient, secure, convenient and all-day services of enterprise payment solution for businesses. Adopting digital payment technologies, UnionPay promotes development of trading between China and other countries or regions, especially the “Belt and Road” Countries. https://b2b.unionpayintl.com/en/i/businessGuide.html
As the UnionPay B2B is a specialised channel for payments between businesses and traders, the transaction limit is higher than that of the normal UnionPay channel.
No. Only the business merchant receiving the payments needs to be registered. The paying party does not need to be registered on the platform.
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