Financial Services, Plusius

How Embedded Finance Solutions Optimize Cross-Border Payments?

March 13. 2024

Time to read: 6 min

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.


Partnerships and Integration

Online merchants and logistics providers recognize the need to streamline cross-border transactions. Collaborating with international payment service providers and integrating payment solutions into their systems allows for smoother and more efficient transactions. This strategic partnership enhances the overall customer experience and reduces the complexities associated with cross-border payments.


Diverse Payment Methods

Online merchants and logistics providers diversify their payment methods to cater to a global customer base. Beyond traditional credit and debit cards, integrating digital wallets, mobile payment solutions, and alternative payment methods ensures accessibility for customers worldwide. This adaptability fosters a more inclusive approach to cross-border transactions.

Customized payment portals integrated into logistics systems allow clients to use localised and trusted payment methods to make payments seamlessly and access real-time transaction information.

Benefits of diverse and customised payment portals:


Optimal Currency Conversion

The fluctuating nature of currency exchange rates can pose challenges in cross-border transactions. This can be addressed by implementing real-time currency conversion solutions. This provides customers with clarity on pricing and minimizes the impact of exchange rate fluctuations, fostering trust in the international shipping process.


Enhanced Security Measures

Security is paramount in cross-border transactions. Investing in advanced security measures is vital to protect customer payment information. This includes encryption technologies, secure payment gateways, and adherence to stringent data protection standards. Building a secure environment inspires confidence among customers engaging in international transactions.

Benefits of enhanced security measures:


Efficient Customs Processing

Managing the customs process is a critical aspect of cross-border shipping. Logistics providers are leveraging integrated payment solutions to streamline customs clearance. Linking payment processes with customs procedures minimises delays, and the shipping process becomes more efficient.

One of the most complex areas when dealing with customs clearance is the correct number of duties and taxes that must be paid on time.


Transparent Payment Experience

Educating customers on the various payment methods and processes involved in cross-border transactions is crucial. Merchants and logistics providers are taking proactive steps to provide clear information and support to customers, ensuring a smooth and transparent payment experience.


How does AI/Automation affect Cross-Border Shipping?

The integration of advanced technologies is becoming increasingly prevalent in optimizing cross-border shipping. These technologies enhance transparency, traceability, and security in payment transactions, contributing to a more efficient and reliable cross-border shipping ecosystem.


Cross-Border e-Commerce with DutyPlus


The main benefits of integrating DutyPlus into your system for businesses involved in cross-border are:


Customs Clearance

Duties and taxes are collected before Customs clearance, taking away the hassle of delayed payments. Embedded data exchange facilitates a seamless process, reducing operational delays.


Automated Flow of Funds

Fully embedded and automated setup from collection to split settlements based on your specifications and requirements. This creates a watertight system, eliminating the financial risk and operational hassle of unmatched payments and/or missed revenue.


Full Compliance

DutyPlus complies with all international KYC/KYB/AML and GDPR standards. Adding an audit trail on the parcel level for full traceability and compliance to streamline customs procedures to avoid penalties now and in the future.


Save and Earn

Save money by minimizing expenses in your current processes, implementing automation within current flows, and seizing opportunities for new revenue generation.


Smooth Customer Experience

Hassle-free, fast, and transparent end-consumer experience within your own DutyPlus white-labelled payment solution.


Learn more about what others say about DutyPlus and contact us today to embark on a journey towards a seamless international trade experience.