LiquidTrust published a blog article examining where letters of credit still make sense, where SMBs can run into challenges, and how conditional payments can help fill the gap.
Published
Signal category
Research & Knowledge
Quote
“Our latest blog looks at where letters of credit still make sense, where SMBs can run into challenges, and how conditional payments can help fill the gap.”
— LiquidTrust team
Company
LiquidTrust
Safer, simpler global payment solutions for modern businesses and their financial institutions
- Industry
- Financial Services
- Location
- Los Angeles, US
- Company size
- 8 employees
43% of US SMBs make global payments but 75% are unsatisfied with their current options. LiquidTrust is an innovative global pay solution tailored for the needs of small- and medium-sized businesses that also safeguards their transactions from fraud and loss. We offer 2 global payment methods: 1) Direct Pay - Fast global payments to 175 countries within 1-2 days. Safer than traditional wires, with counterparty verification for enhanced security. 2) Pay by Trust ("micro-escrows") - Escrow-like protection against fraud and loss. Offers peace of mind without complexity and high costs of traditional escrows. Of the $6.9T US import/export payment volume, 2/3 goes unprotected because current payment protection products like letters of credit are too complex and expensive. 9 out of 10 SMB owners constantly worry about fraud and loss because non-payment or non-delivery would be devastating to business survival. We partner with banks to make our self-serve, white-label solution available to their current and potential customers and capture the $9B+ revenue opportunity and related deposits. LiquidTrust builds on the foundation established by Liquid (est. 2019), evolving to meet new opportunities.
Founded 2024