eCommerce brands are paving the way for a new era of business, but running them poses a new set of challenges. One of which is finding a bank capable of helping an eCommerce business reach its fullest potential. Slow, poor service, and high fees for almost everything make traditional banks a poor partner for modern eCommerce businesses. The reason for this is simple: traditional banks weren’t designed to help eCommerce businesses – especially when it comes to brands that want to sell to a global market. Digital business accounts are a new and modern banking solution that offer entrepreneurs the financial foundation they need to operate a successful eCommerce business at a justifiable price. Read on to find out reasons why digital business accounts are primed to help eCommerce businesses.
#1 – Opening a Digital Business Account is Easy
Opening a business account with a traditional bank is no simple task. The process is far more complex than opening a personal account, and you’ll likely need to go in for an interview, run credit checks, and provide lots of supporting documentation. After all this, you will need to wait weeks, if not months, for the bank to process and make a decision on your application.
Digital business accounts take considerably less time to open. With Currenxie, you could open your own Global Account for your eCommerce business in just a few days. You can apply 100% online and, once approved, start using your account to conduct global trade instantly.
#2 – Operating a Digital Business Account is Simple
Working with traditional banks is a hassle. Old and outdated websites and slow service aren’t designed to work seamlessly with modern eCommerce businesses, and these banks have yet to catch up.
Digital business accounts like those from Currenxie run on next-gen websites and platforms that make doing business a breeze. Our website and minimalist UI is designed to make the digital banking experience simple and straightforward, even for first-time users.
With less time wasted on navigating complicated websites and apps, you can focus on growing and developing your eCommerce brand.
#3 – You Will have Access to Everything You Need to Run an eCommerce Business
Digital business accounts have been designed to perfectly complement eCommerce businesses. At Currenxie, our financial services through a Global Account include:
– Sending and receiving money through multiple currencies
– Foreign exchange at the interbank rate
– Access to an easy-to-use business Visa card (coming soon)
– Financing and loans that help you grow your business
– Integrations with all your favourite cloud accounting software
As an eCommerce business owner, these are just some of the tools our Global Accounts offer that help you develop a successful eCommerce business within the global market.
#4 – Send and Receive Money from All Around the World
Global trade is both the greatest benefit and bane of an eCommerce business. Being able to trade to countries all over the world means your target market is multiplied, and your business can grow much faster and bigger than otherwise possible.
But dealing with cross-border trade and buying and selling in different currencies makes for a complicated process, especially if working with traditional banks. Not to mention high currency exchange rates which can make staying profitable incredibly difficult.
With a digital business account, trading in USD, EUR, GBP, CAD, HKD, AUD, and a range of other currencies is simple and consolidated. Accept payments from all over the world and keep all your currencies in one, single, secure location using automated payment processing systems to handle it all for you. Some of the best ach processing companies are fully capable of handling business transactions, giving you a quick and seamless way to transfer money.
#5 – High Security Backed by International Banks
All of the above benefits would be nullified if digital banking solutions were not secure. Knowing your money is safe is probably the most important part of running a business.
At Currenxie, we make sure to keep your funds with leading international banks. To ensure your money is safe and as required by law, we always hold enough capital to ensure your assets are protected.
#6 – The Digital Experience to Match a Digital Business
Running a global eCommerce business means running a business without borders. You should always be able to have easy access to your business banking wherever you travel to. Like other digital business bank account operators, we at Currenxie have developed our own app that gives you access to mobile banking at any time, anywhere. Accept, send, and convert money from anywhere in the world at the touch of your fingertips.
Digital Banking Solutions are Paving the Way for a New Era of eCommerce
Global Accounts offered by Currenxie are the way forward for modern eCommerce businesses that want the agility and foundation needed to succeed and appeal to a global market. Our Global Accounts are secure, simple to use, cost-effective, and convenient, ultimately allowing you to spend less time on banking and more time growing your business.
To learn more about our Global Accounts or to inquire about opening your own, do not hesitate to get in touch with a member of our team today. You can also directly apply online by filling out a quick application here.
