How does PingPong FX actually work?

We’ve partnered with Tier 1 banks around the world like Citibank, Wells Fargo, Barclays, etc. to establish virtual accounts in all major currencies. They’ve licensed these accounts to us, which we then sublicense to our clients.

This means that instead of Amazon (or other marketplaces) automatically converting your international earnings back into your native currency, they can disburse those funds in the currency / country in which it’s earned.

For example, if you’re an American company selling on Amazon Canada, you can have those funds disbursed to your PingPong Canada account in Canadian dollars. From there, you can take advantage of PingPong’s lower FX rates to put more of those earnings into your pocket when you convert back into your native USD currency.