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@2020 Tradevalley.com. All rights reserved
@2020 Tradevalley.com. All rights reserved
The Virtual Account Solution has enabled TradeValley B2B to accept collections in different currencies-USD,EUR,and GBP
TradeValley B2B is the premier online platform providing professional import and export business process outsourcing services to Turkey's small and medium-sized cross-border trade enterprises
In its previous model, TradeValley B2B operated by collecting funds from overseas buyers to Istanbul by wire transfers. Through this process, the company found it very hard to identify and match incoming funds with its buyers, which resulted in great difficulties in reconciliation and high operating costs to its customer service team
The entire payment process was costly and slow,hence TradeValley, as a B2B platform, found it hard to settle the funds to merchants in a timely manner.
TradeValley B2B is the premier online platform providing professional import and export business process outsourcing services to Turkey's small and medium-sized cross-border trade enterprises
In its previous model, TradeValley B2B operated by collecting funds from overseas buyers to Istanbul by wire transfers. Through this process, the company found it very hard to identify and match incoming funds with its buyers, which resulted in great difficulties in reconciliation and high operating costs to its customer service team
The entire payment process was costly and slow,hence TradeValley, as a B2B platform, found it hard to settle the funds to merchants in a timely manner.
To address these challenges, TradeValley B2B was looking for an end-to-end solution from its banking partner across the world to automate, simplify and streamline its collections processes, provide liquidity and FX management to improve operational efficiencies and enhance its cash visibility. In addition.
After careful consideration, TradeValley B2B chose to work with CitiBank to implement a Virtual Account Solution.
This solution is an automated payer identification service that streamlines reconciliation for electronic receipts.
The solution works with each buyer being assigned a random and unique Virtual Account Number after checking out of the marketplace. The bank then automatically feeds MT940/942 reports to TradeValley’s ERP system via host-to-host connectivity at regular times. These reports contain a comprehensive list of all Virtual Account Numbers generated from the marketplace.
When the bank receives the payment, it matches the virtual account number to the client’s real account number in a fully automated process. The bank then credits the TradeValley B2B’s account with the payment. To satisfy TradeValley B2B’s large settlement needs.
To address these challenges, TradeValley B2B was looking for an end-to-end solution from its banking partner across the world to automate, simplify and streamline its collections processes, provide liquidity and FX management to improve operational efficiencies and enhance its cash visibility. In addition.
After careful consideration, TradeValley B2B chose to work with CitiBank to implement a Virtual Account Solution.
This solution is an automated payer identification service that streamlines reconciliation for electronic receipts.
The solution works with each buyer being assigned a random and unique Virtual Account Number after checking out of the marketplace. The bank then automatically feeds MT940/942 reports to TradeValley’s ERP system via host-to-host connectivity at regular times. These reports contain a comprehensive list of all Virtual Account Numbers generated from the marketplace.
When the bank receives the payment, it matches the virtual account number to the client’s real account number in a fully automated process. The bank then credits the TradeValley B2B’s account with the payment. To satisfy TradeValley B2B’s large settlement needs.
This is the world’s creative online collection solution implemented for an eCommerce company, which accommodates a B2B business by virtue of end-to-end automation and large volume processing capabilities. The Virtual Account solution has enabled TradeValley B2B to accept collections in different currencies – USD, EUR, and GBP
As a result, TradeValley B2B can support its business growth by means of an automated solution to reconcile and process payments quickly and accurately, yet simultaneously doing so without changing its customer’s payment experience.
In the event that either Product Quality or Shipment Date varies from what you and the supplier had agreed to in the Secure Trade online order, we will offer you assistance in reaching a satisfactory outcome, including getting your money back
On Tradevalley.com, multiple payment methods are supported. Secure Trade online payment options include credit card and cash payment. Thus, you have the flexibility to choose how to pay.
Employing the latest technology, we secure your payment to make sure it gets to the supplier safely, and we developed Transaction Center to help you track and reconcile the fund's flow.
30 days after delivery, if you are not satisfied with the product quality, you may request a refund. We will help you investigate, mediate, and resolve your claim, plus reimburse you when appropriate. Your online order and communication records are the basis of refund resolution.
Secure Trade is free for buyers who carry out online transactions via TradeValley.com platform. While TradeValley.com charges transaction fees on certain payment methods to offset our operational expense in payment processing, we do not charge any additional fees for Secure Trade. You may learn more about our fees schedule here.
Secure Trade is free for buyers who carry out online transactions via TradeValley.com platform. While TradeValley.com charges transaction fees on certain payment methods to offset our operational expense in payment processing, we do not charge any additional fees for Secure Trade. You may learn more about our fees schedule here.
Find all Frequently Asked Questions in our Help Center Read the full Secure Trade terms of service
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