SUNRATE Revolutionizes E-Commerce with New Payment Solution on Walmart Marketplace

SUNRATE's Groundbreaking Payment Solution on Walmart Marketplace

In a move that promises to reshape the landscape for international e-commerce, SUNRATE, a leading global payment and treasury management platform, has unveiled its latest payment solution in collaboration with Walmart Marketplace. This initiative enables e-commerce sellers to directly collect payments into their SUNRATE accounts, aiming to simplify global transactions and enhance cross-border growth opportunities.

Unlocking New Opportunities for Sellers

The partnership with Walmart signifies a significant leap forward in empowering international sellers. By leveraging SUNRATE's expertise in the domain of cross-border payments, sellers can experience not only efficiency in their operations but also access to a new customer base across Walmart's expansive marketplace. The benefits extend further, as the service is designed to enhance the overall user experience by streamlining payment processes.

One key aspect of this new service is the cost efficiency it offers. Sellers will benefit from transparent foreign exchange (FX) rates alongside protection against currency volatility, thus enabling them to manage their finances with greater predictability. It's worth noting that SUNRATE only applies a nominal fee for withdrawals and transfers, making it a budget-friendly option for sellers looking to thrive in the global marketplace.

Expedited Onboarding for Sellers

Another remarkable feature of the SUNRATE payment solution is the expedited onboarding process through the Aurora Program. This innovative initiative allows sellers to accelerate their applications for Walmart Marketplace, with approvals being achievable in as little as one business day. This rapid onboarding means sellers can quickly begin reaching international customers without the traditional delays that can often plague market entries.

Joshua Bao, Co-founder of SUNRATE, emphasized the significance of this collaboration, stating, "This launch with Walmart is a milestone in our mission to empower e-commerce sellers worldwide. By combining SUNRATE's expertise in cross-border payments with Walmart's global reach, we are enabling sellers to expand faster and more cost-effectively." This statement underscores the commitment of SUNRATE to not only provide a service but also to genuinely support the growth of businesses engaging in e-commerce.

Building a Robust Global Ecosystem

SUNRATE's partnership with Walmart is designed to fortify its global ecosystem. Currently, SUNRATE offers businesses the ability to send payments to over 190 countries and regions, and supports transactions in more than 130 currencies, and handles commercial card spending across 15 currencies.

With the integration of Walmart into its platform, SUNRATE continues to simplify the complexities surrounding global payments. The collection services provided cover over 30 currencies, affording companies the convenience to collect locally across more than 10 major global currencies. This broadened capability ultimately means that sellers can operate with increased agility in diverse markets.

About SUNRATE

Founded in 2016, SUNRATE has swiftly established itself as a frontrunner in the payment and treasury management sector, praised for its innovative solutions. With its headquarters in Singapore and additional offices located in Hong Kong, Jakarta, London, and Shanghai, SUNRATE collaborates with leading financial institutions like Citibank, Standard Chartered, and J.P. Morgan. As a principal member of Mastercard, Visa, and UPI, SUNRATE is well positioned to deliver exceptional services to a global clientele.

To learn more about SUNRATE and the transformative payment solutions it offers, interested parties can visit their official website at sunrate.com.

As the e-commerce landscape continues to expand internationally, SUNRATE’s new payment solution for Walmart Marketplace serves as a noteworthy example of how fintech can drive efficiency and accessibility for businesses across the globe.