UPS Service Trims Risks in Foreign Transactions

Share this article:
United Parcel Service announced yesterday UPS Exchange Collect, a service that it said helps exporters and importers accelerate payments and reduce the risks associated with international trade transactions.


The service is designed for companies that want to expand into new international markets and minimize the risks that can accompany trading with new customers. Basically, UPS coordinates the movement of goods and payment between the buyer and seller using package-tracking data.


On average, sellers receive payments via UPS Exchange Collect in 10 days or less. UPS said payment in some international trade transactions can take up to 90 days on traditional credit terms. In addition, with UPS Exchange Collect the seller can be confident of getting paid because UPS will deliver the goods only after receiving payment from the buyer.


Currently, UPS Exchange Collect is available to companies in 60 origin countries shipping to 18 destination countries, and can accommodate 12 major foreign currencies. To be eligible for UPS Exchange Collect offered on a contract basis, customers must use UPS WorldShip 5.0.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

Day Two at DMA2014

Day Two at DMA2014

It was awards day in San Diego, with Teradata's Lisa Arthur being named Marketer of the Year, and Google Japan being feted for its direct mail prowess.

Today's Forecast: Chilly With a 10 Percent Lift in Parka Sales

Today's Forecast: Chilly With a 10 Percent Lift ...

The Weather Company launches a website offering marketers free advice on how to take advantage of shifts in the weather.

DMA 2014 Kicks Off Under New Management

DMA 2014 Kicks Off Under New Management

Thomas Benton and Jane Berzan will preside over an event indicative of an association serving a wider array of industry segments.