Linnworks To Simplify Cross Border Payments With Payoneer Partnership
June 29 2022 - 3:00AM
Business Wire
The partnership provides merchants with payment options
integrated within the Linnworks e-commerce platform, simplifying
the way online sellers expand into additional marketplaces
Linnworks, a UK-based e-commerce technology company, has today
announced a partnership with the global leader in commerce
technology and payments Payoneer (NASDAQ: PAYO) to simplify
cross-border and B2B transactions for their customers. The
partnership will provide retailers with integrated options to
receive funds and make payments with competitive currency
conversions while creating an increased opportunity for online
sellers to expand their marketplace offering.
This partnership enables retailers to make payments to suppliers
within their Linnworks purchase orders while managing their
accounts via Payoneer within the Linnworks management system. As a
result, merchants can reduce cross-border fees and globalize their
business while getting paid locally.
Speaking on the partnership, James Allum, SVP and Regional Head
of Europe at Payoneer, said:
“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.”
Callum Campbell, CEO of Linnworks, said:
“We’re very excited to form this partnership which we believe
will deliver great value to our customers. 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.”
You can read the Linnworks blog for more information about this
integration and how Linnworks and Payoneer are working together to
support their customers.
About Linnworks
Linnworks is a leading commerce automation platform that enables
the world’s major brands and retailers to manage their omnichannel
inventory, orders and fulfillment from a single dashboard, while
providing deep insights across operations. By equipping brands and
retailers to conduct commerce wherever their customers are,
Linnworks powers businesses to drive growth and boost brand
success. As both Amazon and eBay’s largest European commerce
partner, Linnworks processes over $9 billion GMV each year globally
and serves some of the world’s largest, most recognizable brands.
For more information, please visit www.linnworks.com.
About Payoneer
Payoneer is the world's go-to partner for digital commerce,
everywhere. From borderless payments to boundless growth, Payoneer
promises any business, in any market, the technology, connections
and confidence to participate and flourish in the new global
economy.
Since 2005, Payoneer has been imagining and engineering a truly
global ecosystem so the entire world can realize its potential.
Powering growth for customers ranging from aspiring entrepreneurs
in emerging markets to the world's leading digital brands like
Airbnb, Amazon, Google, Upwork, and Walmart, Payoneer offers a
universe of opportunities, open to you.
Forward-Looking Statements
This press release includes, and oral statements made from time
to time by representatives of Payoneer, may be considered
“forward-looking statements”. Forward-looking statements generally
relate to future events or Payoneer’s future financial or operating
performance. In some cases, you can identify forward-looking
statements by terminology such as “may,” “should,” “expect,”
“intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,”
“potential” or “continue,” or the negatives of these terms or
variations of them or similar terminology. Such forward-looking
statements are subject to risks, uncertainties, and other factors
which could cause actual results to differ materially from those
expressed or implied by such forward looking statements. These
forward-looking statements are based upon estimates and assumptions
that, while considered reasonable by Payoneer and its management,
as the case may be, are inherently uncertain. Factors that may
cause actual results to differ materially from current expectations
include, but are not limited to the occurrence of any of the risks
and uncertainties set forth in the section entitled “Risk Factors”
and “Cautionary Statement Regarding Forward-Looking Statements”, as
well as any further risks and uncertainties contained, in
Payoneer’s Annual Report on Form 10-K for the period ended December
31, 2021, and future reports that Payoneer may file with the SEC
from time to time. Nothing in this press release should be regarded
as a representation by any person that the forward-looking
statements set forth herein will be achieved or that any of the
contemplated results of such forward-looking statements will be
achieved. You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. Payoneer
does not undertake any duty to update these forward-looking
statements.
© 2005-2021 by Payoneer Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20220629005135/en/
Investor contact Investor Relations investor@payoneer.com
Media contact Payoneer Irina Marciano PR@Payoneer.com
Media contact Linnworks Adam Hartley
linnworks@spreckley.co.uk
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