“We have successfully launched in the Latin American market through Linio this year, and achieved monthly performance growth of 20%. The multiple payment methods available on Linio made it easy for Latin American customers to buy products on Tronsmart. As Linio’s officially approved payment method, Payoneer has successfully helped us kick down the door to Linio’s customers.”
With an increase in sales, we encountered challenges with currency exchange and slow payment collection.
Working with Payoneer, we can easily get paid by marketplaces like Linio, all over the world.
Without payment challenges, we are able to focus on product and market development.
Hi everyone, I’m Colin from Shenzhen Geekbuy E-commerce Limited
and brand operation is under my leadership.
The reason why I got involved in the cross-border eCommerce industry after graduation can be traced back to my college days when I discovered the promising opportunities of foreign trade after immersing myself in numerous American original movies and TV shows, which help me to get a better understanding of foreign local customs.
At the very beginning, Geekbuy spent a lot of time trading through AliExpress. However, the establishment of a self-owned brand has become increasingly important after years of operation. Later, in 2013, the brand Tronsmart was founded.
In the beginning, Tonsmart only sold products in the TV Box category. After obtaining some success, two more sub-categories -audio and power – were also launched on Tronsmart. Our goal for establishing Tronsmart is to provide high-quality, high-tech and user-friendly products to global customers.
“After two years of promotion and publicity, we hit a record, receiving nearly 10,000 orders in one day, with sales reaching nearly $300,000 on tronsmart in 2015.”
But with the increase in sales and the expansion of the platform and users, we encountered many new challenges. For example, we had more than one account on different platforms, or we may have troubles with currency exchange due to multi-currency payments and slower payment collection, which became the most urgent challenges.
Taking these factors into consideration, we needed to spend time searching for premium payment options, until we discovered Payoneer. To be frank, Payoneer played a vital role in the growth of our trading market.
“When using other payment options in the past, payment collection could take up to one month, but it only took 3 days using payoneer.“
Since then, it’s clear that capital turnover has been ideal. Similarly, the challenge of exchange rate conversion is a piece of cake for Payoneer, which has solved the issue perfectly. After solving all kinds of worries in our operations, we can devote more time to product and market development.
For example, we have successfully launched in the Latin American market through Linio this year, and achieved monthly performance growth of 20%. The multiple payment methods available on Linio made it easy for Latin American customers to buy products on Tronsmart. As Linio’s officially approved payment method, Payoneer has successfully helped us kick down the door to Linio’s customers.
Payoneer is a wonder-work tool!
More success stories
Myungyoon Electronics (S. Korea), General Manager
“Thanks to Payoneer, we can expand our business globally.” From B2B to B2C: how Myungyoon Electronics took control of its sales process to launch its products in the global market.
Nimisha and Manav
Co-founders D’Moksha Homes (India)
“Payoneer remains an integral part of our growth journey.” Find out how Manav and Nimisha Dhanda launched their sustainable homeware brand on the cusp of India’s national lockdown — and still managed to thrive.
Wood and Hearts Inc (Ukraine), Owner & Founder
“In the harsh times of war, when almost all manufacturing was lost, Payoneer became our real lifeline.” Find out how Wood and Hearts triumphed over adversity and rebuilt a company from the ashes of conflict.
Thumbinthai (Thainland), Co-founder
“Payoneer has been instrumental in helping us grow.” Thumbinthai co-founder Nitcharee Ujjin explains how the apparel start-up became a global powerhouse.
Wassem El Wardany
Proper Business Solutions (Egypt), Managing Director
“My business has thrived because of Payoneer.” Wassem El Wardany, managing director of Proper Business Solutions, explains how his business achieved accelerated growth with a reliable, secure payment partner.
Accentline Inc (Philippines), Operations Manager
“We’d recommend Payoneer to any online business with international clients.” Find out how global payments are empowering local talent and helping Accentline become an internationally competitive BPO.
Elegoo (China), VP
“Since we implemented Payoneer Checkout, our website has seen rapid growth.” Kevin Wang explains how innovative electronics brand Elegoo unlocked a world of ecommerce potential.
Dynamo (United States), CEO
“Payoneer has empowered us.” Dynamo founder William Scott reflects on a partnership that has help take an innovative mobility aid worldwide.
Kolibri (Argentina), Co-Founder
“Payoneer has made it simpler and more efficient for clients to work with us.” Find out how a Latin American strategic management consultancy tackled cross-border payments for clients and contractors.”