When expanding the global market and conducting international business, cross-border merchants often need to deal with business involving multiple countries and regions, so the issue of receiving money in different currencies has always been an important challenge restricting the business development of businessmen.
First of all, cross-border merchants face the risk of exchange rate fluctuations. Due to the fluctuation of currency exchange rates in different countries, it may lead to losses when the merchant receives the money. Traditional cross-border payment methods, such as bank wire transfers, are often accompanied by high processing fees, which can lead to a reduction in the final revenue earned by paying high fees.
In order to help cross-border merchants overcome the problem of multi-currency collection, financial technology company Qbit launched an innovative solution at the beginning of the year - QBIT QuickPass, which aims to improve the efficiency of cross-border merchants and merchants, while reducing risks and costs, and achieving a more convenient and secure international payment process.
With QBIT QuickPass, merchants can easily open multi-currency accounts, such as HKD, USD, GBP, etc., and receive payments directly in multiple currencies, which helps to avoid the risk of exchange rate fluctuations and reduce currency exchange losses. In addition, with the help of the QBIT cross-border payment platform, merchants can also conduct multi-currency transactions in a more convenient and low-cost way, realize real-time exchange rate settlement, and further save costs.
Source: QBIT QuickPass.
QBIT has a global collection and payment capacity covering 180+ countries and regions, and can achieve fast arrival by connecting to the local clearing network, which is well suited to meet the collection and payment needs of various merchants and global merchants, making transactions flexible and convenient. Adopting advanced payment technology and risk management tools, the Qbit QuickPass product will help merchants better adapt to a diversified international environment and provide excellent financial support for sustainable business growth.