Case Study: Tronsmart cuts payment collection to 3 days with Payoneer
Key results
The challenge
Tronsmart (Shenzhen Geekbuy E-commerce) sells consumer electronics across international marketplaces and faced currency-exchange difficulties and slow payment collection when using other payment options, where collecting payment could take up to a month.
The solution
Tronsmart adopted Payoneer as an officially approved payment method for the Linio marketplace to collect cross-border payments and manage multi-currency settlements.
“When using other payment options in the past, payment collection could take up to one month, but it only took 3 days using Payoneer.”
CYColin YanHead of Brand Operation, Tronsmart
The results, in context
Tronsmart reported that payment collection dropped from up to a month with prior options to 3 days using Payoneer. After entering the Latin American market through Linio, the company reported monthly performance growth of 20%.