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Liquidity Services Inc. Implements Flywire to Process Domestic and Cross-Border B2B Payments for Global E-Commerce Platform

  • Flywire Corporation (NASDAQ: FLYW) announced that Liquidity Services Inc. (NASDAQ: LQDT) has implemented Flywire to manage domestic & cross-border B2B payments for its global e-commerce marketplace.
  • Liquidity Services operates the world's largest B2B marketplace for surplus & idle assets, facilitating over $15 billion in completed transactions across 25 years of history.
  • The platform connects over 6 million qualified buyers with 15,000 corporate & government sellers worldwide while supporting sustainability by extending asset lifecycles & reducing landfill waste.
  • Flywire enables Liquidity Services to localize payment experiences across 240+ countries & 140 currencies using 1,200+ local payment methods.
  • Integration via API allows customers to pay directly within the Liquidity Services portal securely & seamlessly in just a few clicks.
  • Automated reconciliation eliminates manual processes for bank transfers & credit cards, providing consolidated reporting that saves the finance team daily hours.
  • Flywire's surcharging program reduces interchange costs & accelerates refunds, while built-in KYC ensures automatic compliance.
  • Ryan Frere, EVP & GM of B2B at Flywire, highlighted the solution's ability to offload global payment complexity & allow clients to focus on their core mission.
  • Kellie Twiss, Head of Product at Liquidity Services, stated that Flywire transforms cross-border payment collection from a burden into a growth opportunity.
  • Flywire serves more than 5,300 clients globally across education, healthcare, travel, & B2B sectors, with headquarters in Boston, MA.