Introduction
WooCommerce, the open-source eCommerce platform that fuels over 4 million online stores, has joined hands with Veem, a global payments provider, in an exciting partnership that is set to transform the way businesses handle B2B payments. In a press release on 12 October 2023, these industry giants unveiled their collaboration, aimed at simplifying B2B payment collections and extending global reach.
Revolutionising B2B Payment Capabilities
WooCommerce’s collaboration with Veem is a game-changer for merchants operating on the platform. The partnership brings Veem’s B2B extension to the WooCommerce marketplace, offering a streamlined and cost-effective solution for businesses. Through this extension, merchants can seamlessly integrate payment collections into their checkout process without the burden of interchange fees.
Empowering Businesses Worldwide
The significance of this collaboration lies in its ability to digitise accounts payables and receivables for WooCommerce merchants. Marwan Forzley, the CEO of Veem, underlines the value of this partnership by emphasising how it allows merchants to effortlessly collect payments for larger-ticket sales while efficiently paying their suppliers and contractors on a global scale.
Simplified Payment Management
Web Griebel, the Head of Payment Partnerships for WooCommerce, sees this partnership as a vital step in empowering B2B merchants to manage their receivables and payables more efficiently. All of this can be done conveniently from within the WooCommerce dashboard, providing a seamless experience for online businesses.
Veem – A Trusted Payments Provider
Veem, serving over 800,000 businesses across 100 countries, is renowned for its enterprise-level payment tools. Its commitment to data security, privacy, and strict regulatory compliance ensures that businesses can trust their transactions to be secure and compliant.
A Seamless Payment Experience
By integrating Veem’s payment solution into their online stores, WooCommerce merchants can offer their B2B customers a seamless payment experience, regardless of their location. Veem’s B2B payment platform offers real-time payment tracking, competitive exchange rates, and reduced transaction fees, eliminating the need for traditional payment methods like wire transfers or checks.
Redefining B2B Payments
The partnership between WooCommerce and Veem arrives at a time when B2B payments are undergoing significant transformation. Traditional payment methods are making way for digital solutions that provide enhanced security, speed, and cost-effectiveness. This alliance aims to propel businesses into a new era of payment efficiency and convenience.
In an era where the global eCommerce landscape is continually evolving, this partnership promises to empower businesses with the tools they need to stay at the forefront of the digital commerce revolution.
Qubepay.com will continue to provide updates on this exciting collaboration as it unfolds, bringing you the latest insights into the ever-changing world of eCommerce.
