Payment solution

Equal protection for all parties

The digitalised payment settlement service

1
Transaction details
Step 1
2
Compliance
Step 2
3
Agreement
Step 3
4
Send funds
Step 4
5
Deliver goods
Step 5
6
Release funds
Step 6
Settlement process
The settlement process comprises the following steps:
  1. Both parties agree to the specific terms of the transaction, such as price, INCO terms, delivery dates and payment milestones.
  2. Both parties proceed with the submission of required ‘Know Your Customer’ (KYC) data. Approval is usually a matter of days.
  3. All parties confirm their formal acceptance of the Settlement Agreement.
  4. Buyer makes a deposit payment into the Settlement account in accordance with the agreement. As soon as the cargo is ‘ready for shipment’, the outstanding balance is due and paid into the Settlement account by the buyer.
  5. Following acknowledgement of the payment by the Settlement Agent, the seller will ship the goods to the buyer in accordance with the agreement.
  6. After confirmation of delivery, the goods are available to the buyer and the funds will be transferred to the seller by the Settlement Agent.
All the above steps are facilitated through the Mercurion platform

What's new?

Traditional trade security

Like the L/C or Guarantee

Mercurion’s platform

The digital alternative
1
Complex
Difficult to meet all requirements
1
Easy to use
Efficicient and accessible online
2
Bureaucratic
Variable processes of multiple banks
2
Simple
Convenient and efficient compliance process
3
Time consuming
Processes take too much time to complete
3
Efficient
Faster settlement of transactions
4
Expensive
Non-transparant and many variable costs
4
Affordable
Transparent and cheaper than existing services
5
Risky
Risk of theft, fraud or loss of original documents
5
Completely digital
No risk of losing documents
6
Insecure
Dependent on financial strength of issuing bank
6
Settlement Agent
The settlement agent is PSD2 compliant

The role of the Settlement Agent

The Mercurion platform fully digitalized the settlement process which is executed by a truely independent Settlement Agent Vistra. All communication is conducted through the platform, from uploading documents to signing the Settlement Agreement.

Trust and independence are crucial qualities of a Settlement Agent. With Vistra you can assure yourself that your transactions will be executed by a very professional and well established independent payment service provider.

In combination with the Mercurion Platform, settlement of your transactions becomes efficient, flexible and secure.

Global payments, simplified and secure

A smarter, safer way to manage cross-border payments and protect every party involved.

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