The Letter of Credit for the Digital Age
In partnership with
Track & Pay is the world’s first IoT-powered B2B payment solution that triggers a payout once your shipment arrives at its destination.
A New Era in Trade Payments
The Track & Pay Process
Define payment triggers, such as shipment’s geolocation and physical parameters, have your payment secured on the escrow account while your IoT-tracker equipped shipment makes its way to the buyer. Receive a payout once the Track & Pay conditions are fulfilled.
Define TnP payment terms
We secure your payment
Exporter receives the IoT trackers
Goods are tracked in real time
Exporter receives payout
Define TnP payment terms
We secure your payment
Exporter receives the IoT trackers
Goods are tracked in real time
Exporter receives payout
Payment instead of a guarantee
Replace costly letters of credit with Track & Pay, receive automated payments and achieve full transparency in your supply chain.
Track & Pay vs Letter of Credit:
Clear benefits
98%
faster
1-2 working days vs.
3-4 weeks for
the letter of credit
KYC/AML
only
Only requires a KYC/AML
checks instead of the
full credit process
Swift
payout
Secures and delivers
the actual payment instead of a guarantee
50-72%
savings
All pricing tiers are
more affordable than
the letter of credit
98%
faster
1-2 working days vs.
3-4 weeks for
the letter of credit
KYC/AML
only
Only requires a KYC/AML checks instead of the
full credit process
50-72%
savings
All pricing tiers are
more affordable than
the letter of credit
Swift
payout
Secures and delivers
the actual payment instead
of a mere guarantee
Revolutionary features
Trade hub
Manage all
transaction stages
in one place
Physical parameters
Measure temperature,
atmospheric pressure,
and shock
Real-time tracking
Stay up-to-date
on your shipments’
progress
Payment automation
Receive payments
triggered by
IoT technology
Pricing
Flex
Best for single shipments
TNP rate:
Min. shipment volume:
Price per IoT-tracker/included:
Monthly base fee:
Contract term:
Flex
Best for single shipments
1.4%
200,000 EUR
100 EUR
per tracker
–
–
Trade
Best for mid volume transactions
0.8%
200,000 EUR
1 per 200 K volume included
2,000 EUR
12 months
Most cost-effective plan for the annual volume of
4 – 32 M EUR
ENTERPRISE
Best for high volume transactions
0.5%
200,000 EUR
1 per 200 K volume included
2,000 EUR
12 months
Most cost-effective plan for the annual volume that exceeds 32 M EUR
FLEX
Best for single shipments
TRADE
Best for mid volume transactions
ENTERPRISE
Best for high volume transactions
TNP rate:
Min. shipment volume:
Tracker price/included:
Monthly base fee:
Contract term:
1.4%
200,000 EUR
100 EUR per IoT-tracker
–
–
0.8%
200,000 EUR
1 per 200 K volume included
2.000 EUR
12 months
Most cost-effective for the annual volume of 4 to 32 M EUR
0.5%
200,000 EUR
1 per 200 K volume included
10.000 EUR
12 months
Most cost-effective for the annual volume exceeding 32 M EUR
FLEX
Best for single shipments
TNP rate:
1.4%
Min. shipment volume:
200,000 EUR
IoT-tracker price:
100 EUR per IoT-tracker
No monthly base fee
No min. contract term
TRADE
Best for mid volume transactions
TNP rate:
0.8%
Min. shipment volume:
200,000 EUR
IoT-tracker included:
1 per 200 K volume
Monthly base fee:
2,000 EUR
Contract term:
12 months
Most cost-effective for the annual volume of 4 to 32 M EUR
ENTERPRISE
Best for high volume transactions
TNP rate:
0.5%
Min. shipment volume:
200,000 EUR
IoT-tracker included:
1 per 200 K volume
Monthly base fee:
10,000 EUR
Contract term:
12 months
Most cost-effective for the annual volume exceeding 32 M EUR
