UPS Capital unveils cross-border B2B payments service

UPS Capital has announced a new cross-border secure payments service for business-to-business (B2B) transactions. Powered by Payoneer, the payment service gives customers and companies the ability to utilize a secure, digital platform to conduct and perform B2B transactions protected by licensed escrow.

“The risk of non-payment is a major challenge for small and mid-sized businesses trading across borders” said Ron Chang, President of UPS Capital.  “The loss of revenue or receiving a defective product can cripple cash flow leading to devastating business impacts. The B2B secure payment service helps mitigate the risk for our customers — either buyer or seller — and gives them peace of mind that the funds will be available and the goods delivered as described.”