Amazon marketplace sellers can now use Ebury’s cross-border platform services which provides local collection accounts in 10 currencies to help them receive funds in their local currency from Amazon. These FX capabilities also allow businesses to repatriate funds successfully, while Ebury’s forward capabilities help mitigate FX risk for both sellers and their suppliers, achieving price stability and security.

Fernando Pierri, Chief Commercial Officer at Ebury, said: “Ebury’s enrolment in the Payment Services Provider Program is great news for Ebury as well as Amazon e-sellers who are looking to use Ebury’s platform.

“Ebury offers outstanding currency options in its collection services with our forward capabilities helping our clients hedge their FX risk exposures. In tandem with our team of specialists and innovative tech platform, these capabilities give e-commerce businesses the confidence to invest in their international operations, even at times of macroeconomic volatility, and achieve success.”