JOOR, the leading wholesale management ecosystem, has launched an innovative solution called JOOR Pay, which serves as an embedded global checkout solution for fashion brands and retailers. This groundbreaking offering allows brands to accept various forms of payment in 135 currencies and promises quick payouts, enabling retailers to receive funds within days of processing a transaction. Additionally, retailers have the flexibility to choose their preferred payment method or defer payment with 60-day net terms.
One of the key benefits of JOOR Pay is its ability to simplify international transactions. Fashion brands and retailers, especially those operating as small to medium-sized businesses, often struggle with the complexities associated with accepting and processing payments on a global scale. This not only hampers their international growth potential but also affects their cash flow. JOOR Pay addresses these challenges by providing essential features such as fraud protection, streamlined settlement, and comprehensive reporting.
The introduction of JOOR Pay is a significant development for B2B payments in the fashion industry. With over 13,700 brands and more than 394,000 retailers using JOOR’s wholesale management ecosystem to facilitate nearly $20 billion in transactions each year, the need for a streamlined payment solution was evident. JOOR Pay serves as the merchant of record within the platform, employing advanced embedded payment capabilities to simplify the payment process.
To learn more about JOOR Pay and its benefits for fashion brands and retailers, visit their official website [insert hyperlink]. The comprehensive features and promise of quick payouts make this innovative offering a game-changer in the B2B payment landscape. With JOOR Pay, fashion brands and retailers can now streamline their payment processes, enhance their international growth potential, and manage their cash flow more effectively.
Useful links:
1. [JOOR Pay Official Website](https://www.joor.com/pay)
2. [JOOR Solutions for Fashion Brands](https://www.joor.com/solutions)
