Your PingPong Virtual Wallet
PingPong's Virtual Wallet is a powerful new multi-currency solution allowing online sellers to transact in multiple currencies with other PingPong Virtual Wallet users.
Open Multiple Virtual Currency Accounts
One Single, Easy-To-Use Platform
Send, Receive, & Manage Global Payments
EU-based accounts you can immediately set up online
Eliminate costs associated with opening accounts internationally
Instant Multi-Country Account Access
Certified, Verified EIN Numbers
Benefits
Look What Your Wallet Can do for You
Features
This is how easy PingPong Virtual Wallet makes your life
How it works
PingPong simplifies paying your Suppliers,
VAT obligations, and your employees!
If you’re selling goods in (most) European markets, as well as Canada, you have to pay Value-Added Tax ("VAT").
EXAMPLE: VAT is commonly expressed as a percentage of the total cost. For example, if a product costs €100 and there is a 15% VAT, the consumer pays €115 to the merchant. The merchant keeps €100 and pays €15 (VAT) to the government.
VAT
PingPong simplifies the payment of VAT for
sellers to one click of a button
Value-added tax (VAT) is a tax that is added onto a product at every point of sale.
At every stage of the supply chain, from production to the point of sale, VAT is paid by the user for the cost of the product, less any of the costs of materials used in the product that have already been taxed.
A raw materials producer sells their goods to a factory or wholesaler (your supplier). The producer is required to pay VAT to the government for the sale.
The supplier creates something from those same raw materials: furniture, kitchen appliances, gym equipment, etc.
You buy the product from the supplier with plans to sell it on an e-commerce marketplace with the supplier paying VAT from that sale.
After you sell the product on a marketplace, you are now required to pay VAT for that sale as well!
Get a free PingPong account, and pay suppliers in their domestic currency. It’s that easy.
Due to PingPong's higher market shares in Asian foreign trade regions, particularly China, PingPong is able to provide easier access to more suppliers for EU customers.
Competitive foreign exchange costs, plus free virtual accounts to make it easy to receive money locally and save even more when converting your sales profits!
Trusted by more than one million merchants around the world - including entrepreneurs and publicly traded companies.
PingPong is regulated in every region where we operate. Get peace of mind with safe, secure transactions with PingPong.
Make payments to your suppliers, vendors, and business partners with a single, easy to use platform. Pay suppliers in real-time in their desired currency, all while getting the most competitive exchange rate available.
Get your accountSay goodbye to the risks associated with money-sharing apps and virtually untraceable wire transfers. PingPong provides the banking technology and infrastructure needed to help you make your supplier payments with confidence, at the click of a button.
Contact usPingPong has a rigorous KYC identity verification process for all customers and suppliers and is strictly licensed and regulated, all to ensure that your money is well protected from fraud and money scams.
Join us now!Traditional methods for making supplier payments suffer time delays, handling fees and reconciliation issues. Check it out:
With Major Payroll Software Platforms
To Minimize Errors
With Regional Holidays to Ensure Accuracy
File Workflow Further Enhancing Efficiencies
Lost or delayed payments, expensive wire fees, multiple beneficiaries and complex local legislation.
International transfers are often delayed or lost for days.
Local regulatory requirements make compliance tracking difficult, which in turn leads to more breaches.
In some jurisdictions, fax is still the preferred method of sending bank details and payroll amounts which lacks security and timeliness.
Foreign currency fluctuations can drastically impact cash flow.
Take care of payroll, logistics and other business costs in your employees' and contractors' local currencies
wherever they are in the world.
Expand your global business, whether you are an online seller, a freelancer, or a service provider and receive payments from around the world directly in multiple currencies to your local payment account in a safe, hassle-free and quick manner.
Grow. Scale. Prosper by enlarging your business possibilities with PingPong with hassle free cross-border transactions, which are secure, fast and trusted more, than by 1 Million clients worldwide.
Receive money quickly, maintain a healthy cash flow and grow your business by partnering with PingPong.
Register for a free account and instantly gain local banking access in the countries in which you want to do business. Process payroll, pay suppliers, and much more without ever leaving the comfort of your home.
PingPong participates in KYC (Know Your Customer) for YOUR protection and safety. Upload the required (standard) business documents and know your money is in safe hands. KYC submission helps to fight money laundering and account fraud by verifying your identity and prevents unauthorized access to your account and personal data.
Send money and accept payments - global eCommerce at your fingertips in one single, convenient platform that allows you to see all your marketplaces anytime.
Grow, Scale, and Prosper with PingPong by moving the major currencies of the World and grow your business beyond borders.
UK sort code, Account number, and IBAN
Bank code (SWIFT/BIC) and IBAN
Routing number and Account number
Institution number, Transit number,
and Account number
Bank code, Bank name,
and Account number
Bank code, Bank name,
and Account number
BSB code and Account number
Bank code, Bank name,
and Account number
Bank code (BIC) and Account number
Bank code, Bank name,
and Account number
Bank code (SWIFT/BIC)
and Account number
Bank code (SWIFT/BIC)
and Account number