Cross-border MCN receipts and settlements, one-stop solution with Qbit!
发布时间：2024-09-24
With the acceleration of global digitization, more and more content creators and enterprises are entering the global market through cross-border business. As an important bridge between these content creators and brands, cross-border MCN organizations are faced with the challenge of how to quickly, securely and efficiently complete international collections and settlements. Traditional cross-border payment processes are cumbersome and expensive, often failing to meet the needs of MCN organizations today.
Collection and Settlement Challenges Facing Cross-Border MCNs
1、Multi-currency payment complexity: Cross-border MCN organizations often need to handle brand partnership payments from different countries, which means they need to handle payments in multiple currencies. Each currency has its own exchange rates and payment fees, so how to effectively convert these currencies into usable local currencies becomes a major challenge, and exchange rate fluctuations can also bring additional financial pressure.
2、Long collection cycle: International transactions often require longer settlement times, especially when cross-border remittances are made through traditional banks, and MCN organizations may face a collection cycle of three to five business days or even longer. The long waiting time not only affects the flow of funds, but also the revenue distribution and operational arrangements between the organization and creators.
3、High handling fees: Using traditional cross-border payment methods, not only is the collection speed slow, but the handling fees are also high. Especially for small or start-up MCN organizations, the cost of handling fees for each transaction will seriously affect profits. The intermediary fees required for cross-border payments, exchange rate differences, etc., all make the fund management costs of MCN organizations increase significantly.
4、Funds compliance and security issues: MCN organizations may face different countries' payment regulations when collecting and settling funds around the world. Ensuring that every collection can be operated in a compliant manner and preventing the loss of funds has become one of the core challenges in cross-border business.
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Qbit has long been focusing on the domain needs of overseas MCN organizations, providing payment collection services covering 180+ countries and regions as well as 40+ currencies. We support binding TikTok Shop, Shopify, PayPal, App Store and other mainstream platforms, multi-platform, multi-store, multi-account collection, and more efficient reconciliation.
In addition, we also unlock the overseas advertising alliance marketing for merchants, logistics and transportation, software services and other areas of payment functions, application scenarios diversified expansion, so that enterprises can enjoy the global collection and payment of efficient funds management silky smooth experience! Qbit settlement of foreign exchange is not charged, which is more conducive to the expansion of more cross-border business channels, international trade is more free and flexible to meet the needs of different sizes of transactions.
It is worth mentioning that Qbit also supports cross-border MCN organizations to make batch payments to payees through web clients or to realize all-round payment automation through APIs. We support different transfer methods and multiple currencies, cross-border batch transfer to multiple payees, payment to multiple cooperative service providers, more efficient payment process and better payment path.
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