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Episode 31: Saving Money With Ping Pong Payments | Yohan Wong

The Smartest Amazon Seller · with Yohan Wong · December 31, 2019 · 19 min

Summary

This episode reveals how Amazon sellers can significantly boost profits by optimizing foreign exchange with Ping Pong Payments. It highlights exclusive lower FX fees (1% instead of 1.5%) and better exchange rates, translating to potential annual savings of $4,000-$5,000. Listeners learn how to claim these exclusive offers and leverage Ping Pong's supplier payment product to streamline international transactions and enhance their bottom line.

Key takeaways

Themes

amazon & marketplacesfinance & fundraisingsupply chain & operations

Topics covered

foreign exchange optimization for amazon sellersreducing fx feesinternational supplier paymentsvirtual bank accounts for ecommerceincreasing amazon seller profit marginsexclusive podcast discounts

Episode description

In today’s episode, we do an interview with Yohan Wong, Merchant Service Sales Manager at Ping Pong Payments, a foreign-exchange virtual bank account. We talk about what Ping Pong Payments does and what the advantages are of using their service over their competitors. These advantages include greater profits from better exchange rates and a 1% instead of 1.5% foreign exchange fee (EXCLUSIVE FOR LISTENERS OF THIS PODCAST). We also discuss the benefits of the Supplier Payment Product of Ping Pong Payments, as well as HOW TO CLAIM YOUR FREE YEAR OF SUPPLIER PAYMENTS (another exclusive offer to listeners of this podcast). -What Does Ping Pong Payments Do? 1:36-Saving Money with Ping Pong’s Competitive Rates 4:46-Where Ping Pong is Growing and Other Services 10:32-How To Claim The Smartest Seller Listener’s Exclusive Rate 14:02-How To Reach Out to Yohann/Claim Your Free Year of Supplier Payments 16:02“You know, maybe one transaction, the foreign exchange fee doesn’t feel that big, but over the course of a year, it will add up to some serious numbers, and getting the rate better from Ping Pong Payments for us represents about 4 to 5000 dollars in a year.” Scott, 6:11www.pingpongpayments.comSocialhttps://www.instagram.com/smartestseller/https://www.buyboxer.com/

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Frequently asked about this episode

What does this episode say about amazon & marketplaces?
Utilize specialized foreign exchange services like Ping Pong Payments to secure better exchange rates and reduce FX fees, potentially saving thousands annually.
What does this episode say about finance & fundraising?
Leverage exclusive podcast listener offers, such as a reduced 1% foreign exchange fee and a free year of supplier payments, to maximize cost savings.
What does this episode say about supply chain & operations?
Implement Ping Pong Payments' supplier payment product to streamline international payments to suppliers, improving efficiency and potentially reducing costs.
What does this episode say about amazon & marketplaces?
Actively seek out and claim exclusive discounts and promotions offered through industry-specific podcasts to gain a competitive financial advantage.
What does this episode say about amazon & marketplaces?
Recognize that even small percentage reductions in transaction fees accumulate into substantial savings over time, directly impacting your profit margins.

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