The Ultimate PhotonPay Guide to Cross-Border B2B Payments: Secure & Cost-Efficient Solutions

Top 5 Cross-Border B2B Payment Pitfalls — 90% of Businesses Have Faced These

1. The Payment Term Challenge

• Clients in the US and EU commonly request 30 to 60-day payment terms, which can create short-term cash flow pressure for suppliers.
• Traditional letter of credit processes are often time-consuming and paperwork-heavy, potentially affecting transaction timelines and operational efficiency.

2. Managing Exchange Rate Volatility

• Even small FX fluctuations — 1% on a million-dollar transaction — can impact final profit margins.
• Without smart hedging tools, finance teams may find themselves monitoring exchange rates manually and frequently.

3. Hidden Costs in International Transfers

• Wire transfers often come with multiple fees, including intermediary charges and FX losses, which together may exceed 3% of the total amount.
• For high-value transactions, these cumulative costs can become a significant expense over time.

4. Complex Reconciliation Across Multiple Accounts

• Receiving payments through various accounts in different currencies can complicate reconciliation and increase administrative workload.
• Inaccurate reconciliation may lead to delays or misunderstandings with business partners, especially in high-volume or recurring payment scenarios.

PhotonPay’s 6 Killer Features for Enterprise-Level B2B Collections

1. Multi-Currency Global Accounts — Simplify B2B Collections

• Instantly open local receiving accounts in 12 currencies.
• Cut down on conversion costs and transaction fees.
• Manage trade, eCommerce, and service payments on one unified dashboard.

2. AI-Powered FX Lock-In & Forward Contracts

• Set your own "FX safety zone" — the system auto-locks at optimal rates.
• Use delegated conversion to automatically exchange at target rates — no more staring at charts all night.

3. Global Compliance Firewall

• Licensed in multiple jurisdictions: Hong Kong MSO, US MSB, Canada MSB, UK API, Poland SPI, and more.
• Real-time anti-money laundering (AML) AI screens transactions with 99.97% accuracy.

4. Smart Reconciliation & Finance Tools

• Download detailed transaction and fee statements in one click.
• Open separate accounts by country or subsidiary for centralized cash management.
• Customize user roles for viewing, managing, and operating — empower your finance team with smarter tools.

5. Embedded Finance for Seamless Integration

• Developer-friendly APIs with full documentation and rapid deployment.
• Connect payments, FX, and card issuance in one platform.
• Meet complex business needs with custom workflows and dedicated support.

Why PhotonPay is the Smart Choice for Cross-Border B2B Businesses