Alternative Payment Methods: How Are Europeans Paying in 2024?
Alternative payment methods (APMs) are reshaping how consumers in the EU and UK pay for goods and services. With significant growth in e-commerce and cross-border trade...
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Role of Payment Automation in Reverse Logistics
A key part of managing returns efficiently is handling payments quickly. Yet, another often-overlooked aspect is the financial element of Duty Drawback...
EU Instant Payments Law 2025
Big changes are on the horizon for how we send and receive money starting in 2025, with a new law making instant payments the norm.
Gateway To Swedish Payments
Businesses can now connect directly to the Swedish payment infrastructure, including the RIX clearing network—one of Sweden's most crucial payment systems.
Guide To Swedish Payments
At Plusius, we ensure all payments in Swedish kronor are efficiently settled through RIX, the settlement system operated by Sveriges Riksbank, Sweden’s central bank.
How Embedded Finance Solutions Optimize Cross-Border Payments?
Ever thought of how payment solutions affect cross-border shipping? Cross-border transactions demand seamless integration of services, especially in the realm of shipping and payment solutions. This article delves into the strategies employed by online merchants as well as logistics providers to optimize cross-border shipping through the integration of efficient payment solutions.
Save. Earn. Prevent
Say goodbye to the hassles of DDU shipments and embrace the seamless transformation to DDP shipments effortlessly with the DutyPlus solution integrated via API. DutyPlus is powered by Plusius' cutting-edge solution designed to streamline complex payment processes while ensuring compliance, traceability, and control. Whether you're engaged in C2C, B2C, or B2B cross-border supply chains, DutyPlus is your ultimate ally for success.
Cross-Border e-Commerce: Top 5 Payment Related Challenges
Cross-border e-commerce refers to the buying and selling of goods or services between countries. In cross-border e-commerce, transactions occur across international borders, involving consumers and businesses from different countries. Consumers can purchase products from overseas retailers or sellers, often facilitated by online marketplaces or dedicated e-commerce websites.
Jayne James joins Plusius as a Global Sales and Business Development
Jayne James joins Plusius as a Global Sales and Business Development Exciting news at Plusius as we welcome Jayne James to our team. Jayne is set to play a pivotal role in scaling up our DutyPlus product, bringing with her a remarkable career spanning 30+ years in logistics, supply chain, and international sales.
Meet Our Sales Director: Martijn Schneider joins Plusius
We are glad to introduce the newest addition to our leadership team, Martijn Schneider, who has joined us as Sales Director. Martijn brings a wealth of experience in the field of cross-border logistics, technology, Customs clearance and compliance. With his entrepreneurial mindset and proven track record of driving growth, Martijn is a great addition to Plusius.
Secure Your Business: Customs Compliance Without Fines
Dive into the dynamic world of global trade where every business seeks a compass for success. If you are in the game of exporting goods, you understand the importance of seamlessly navigating customs. This article is here to empower you with simple yet essential insights into two crucial aspects of customs compliance: figuring out customs duties and understanding the role of Harmonised System (HS) codes. We'll also dive into specific challenges, like how Brexit is shaking things up for U.K. customs duties and what's happening with customs in the U.S.
Plusius partner EVRi Breaks New Ground on Cross Border parcel shipments
In an unprecedented move, the Post Office is set to introduce a groundbreaking service that will transform how customers send parcels. For the first time in its illustrious 360-year history, the Post Office will provide an array of options for parcel carriers, all available over the counter in select branches. This revolutionary service is slated to commence just in time for the bustling Christmas delivery season.
Understanding DAP/DDU vs. DDP
For businesses venturing into international markets, understanding the intricacies of shipping methods is essential. While your products will ultimately reach their destination, the way they get there and who bears the associated costs can vary significantly.
The Future of Duty Collection with DutyPlus
In today's rapidly evolving business landscape, compliance has emerged as a pivotal revenue stream for companies worldwide. Plusius proudly introduces "DutyPlus" - a groundbreaking solution that not only makes staying compliant effortless but also turns it into a financially rewarding endeavour.
Unlocking Logistics Efficiency: First & Last-Mile
In the fast-paced world of logistics, mastering Delivered Duty Unpaid (DDU) / Delivered At Place (DAP) and Delivered Duty Paid (DDP) can be a real game-changer. To tackle these challenges head-on, businesses are now channeling their efforts into leveraging smart automation for both first and last-mile deliveries, all in a bid to exceed customer expectations. By forming strategic alliances with 3PL service providers specifically for last-mile processes, businesses can ensure swifter deliveries and maintain a lean, cost-effective pipeline. This is of paramount importance, considering that last-mile operations alone can account for a substantial 53% of the overall shipping costs.
Challenges of Cross-Border International Trade
In our ever-evolving global trade scenario, businesses find themselves navigating through unfamiliar waters. They're encountering escalating obstacles within a trading landscape that's becoming progressively intricate. Here are several key obstacles within the supply chain that businesses and their network of suppliers must surmount in order to establish a successful cross-border trading capacity:
Scaling for Success: Plusius Expands Team to Meet Increased Demand
As Plusius continues to grow and onboard more customers, maintaining high standards of service is a top priority. This has led to the expansion of our team in various departments to ensure smooth operations and customer satisfaction. In 2023, we experienced a significant increase in people, driven by onboarding new clients and resulting in higher transaction volumes. This has opened new opportunities for us within the logistics sector, as we continue to deliver fully tailor-made financial services to our customers, with a focus on meeting and growing quality standards.
Plusius and Hurricane: Duty and Tax Collection at Checkout
Embedded finance can solve expensive problems when it combines payment optimization with auxiliary services. The partnership with Hurricane Modular Commerce Ltd is aimed at offering the market a superior cross-border e-commerce experience, and even an opportunity to avoid parcel delivery interruptions and unnecessary CO2 emissions. How is that?
Plusius partners with crossborderit to collect ioss vat and settle with tax authorities
Starting July 1st, 2021, VAT (sales tax) has charged E-commerce and direct to customer goods below 150€ imported into the EU, regardless of value.
Eventful Year
"What an eventful year! It has been challenging to be a CEO during hyper growth but, oh, so fun. I have spent the last 12 years of my professional life coaching startups in growth stages. Being there for entrepreneurs, and it feels amazing to be in the seat myself.
How it all started
During 2018 Magnus Högfeldt contacted Andreas Wickberg about an idea surrounding African citizens wanting to play sports online. The issue is simple the payment loop for the continent is far outside what's normal and reimbursing a potential win is hard.
Andreas Wickberg was elected CEO for Plusius
Hi I have my past in tech and financial industries from all perspectives. I have been consulting banks, financial institutes and remittance companies for many years.
Plusius is her own Financial Institution
After hard work and a lot of documents back and forth, we are now supervised under FI. The persons working behind the organization Plusius have worked with financial technology and financial institutions in many forms for a long time. Our CFO is a banker, we have built remittance services and on top of that consulted the startups using Financial Institutions.
100 mSEK valuation
Magnus Carlsson, investor in primarily real estate and currently CEO of the Husman Group with a portfolio of 6 billion SEK has invested 10 million SEK at a 100 million SEK valuation in Plusius. The investment itself is not the first outside real estate even though they are very rare.
Cross Border Trade and IOSS
April first we signed a strategic consultant agreement around the collection of VAT and TOLL. EU has a same value policy and a directive that states that the consumers within our economic zone must be aware of the total landing cost of imported goods.
Plusius - BETA Startup program member
For more than a decade, Web Summit has been gathering the most remarkable Alpha, Beta, and Growth tech companies from around the world to help them connect, learn from each other, and collaborate. More than 70 000 participants were meeting to share their field news and industry trends to create partnerships.
Establishment of FINLEG
Our internal FINLEG (Finance and Legal) team has gotten 4 new members, all heavily skilled and experienced professionals from banking and accounting/audit organizations from Sweden and China. They will solely work with risk routines, assessments, support, and functions around our payments.