Joor launches B2B payment solution
JOOR, the prominent wholesale management ecosystem, has launched JOOR Pay as an embedded global checkout solution.
It allows brands to accept multiple forms of payment across 135 currencies and “experience payouts within days of processing a transaction”.
Retailers can pay with their preferred method or pay later with 60-day net terms.
The new offer is also claimed to simplify foreign transactions while offering “business critical features including fraud protection and streamlined settlement and reporting”.
Targeting fashion brands and retailers, particularly small to medium-sized businesses, the company said many of them “struggle with international growth and cash flow due to the complex challenges of accepting and processing payments globally”.
The company added that over 13,700 brands and more than 394,000 retailers transact nearly $20 billion in wholesale order volume within its ecosystem annually. The new JOOR Pay streamlines the process by functioning as the merchant of record using advanced embedded payment capabilities within the platform.
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