E-commerce & Cross-Border Retail: Pay Nigeria Suppliers Fast
Cross-border e-commerce businesses importing products for online retail and fulfillment Send NGN payments to Nigeria suppliers with t+0 (2.3s avg within unicorn network). Save 87% vs traditional banks.
Save £3,535 per £100k Payment
Typical savings for E-commerce & Cross-Border Retail paying Nigeria suppliers
- ❌ 2-3 day settlement
- ❌ Hidden FX margins
- ❌ High correspondent bank fees
- ❌ Manual compliance checks
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Transparent pricing
- ✓ NIBSS Instant Payment (NIP) available
- ✓ 0.14s automated compliance
At £100k-£2M monthly volume, save £42,420/year
Common Challenges: E-commerce & Cross-Border Retail in Nigeria
Industry Pain Points
- High transaction volume, low individual values
- Multi-marketplace multi-currency
- Rapid inventory turnover
- Returns and refund processing
Country-Specific Considerations
- Central Bank of Nigeria (CBN) foreign exchange regulations
- Form M (Import documentation) required for imports
- Treasury Single Account (TSA) compliance for government payments
- SWIFT code verification critical for international transfers
How Unicorn Solves E-commerce & Cross-Border Retail Payment Challenges in Nigeria
Fast Settlement: T+0 (2.3s avg within Unicorn network)
Use NIBSS Instant Payment (NIP) for instant NGN settlement.Nigeria's instant inter-bank payment system, 24/7 availability
Real-Time FX Exposure Tracking
Upload supplier invoices as PDFs. Our AI OCR extracts amounts and currencies. See exactly what waiting costs you in real-time. Lock rates for 15 seconds when you see a good rate.
0.14s Compliance Screening
Automated compliance checks for Nigeria regulations.Central Bank of Nigeria (CBN) foreign exchange regulations handled automatically.
E-commerce & Cross-Border Retail Payment Profile
Understanding the payment dynamics of E-commerce & Cross-Border Retail when paying Nigeria suppliers
⏱ Payment Timing
T/T advance for new products. Established suppliers: Net 15-30. Marketplaces pay bi-weekly/monthly.
📄 Invoice Terms
T/T advance (new suppliers), Net 15-30 (established), Alibaba Trade Assurance.
Pay suppliers 30-60 days before marketplace payment. Q4 cash-intensive. Working capital gap is primary challenge.
📊 FX Risk Profile
HIGH: CNY (sourcing), multiple marketplace currencies (USD, EUR). High volume, thin margins (15-25%). Must manage closely.
Alibaba/1688 sourcing. Factory direct for volume. Trade Assurance for security. Multiple suppliers for supply security.
Common Documentation for E-commerce & Cross-Border Retail
- Commercial Invoice
- Product Compliance Certificate
- Customs Declaration
- Insurance Certificate
- Tracking Documentation
Popular Nigeria Supplier Types for E-commerce & Cross-Border Retail
Common Nigeria Suppliers
- Oil & gas service providers (Lagos, Port Harcourt)
- Agricultural exporters (Kano, Kaduna)
- Manufacturing (Lagos, Ogun State)
- Construction materials (Lagos, Abuja)
Payment Tips for Nigeria
- Use NIP for instant settlement - avoid SWIFT delays
- Nigeria = Africa's largest economy, growing trade hub
- Multiple exchange rates exist - ensure you get interbank rate
- Oil & gas payments require enhanced due diligence
Ready to Pay Nigeria Suppliers 87% Cheaper?
Join E-commerce & Cross-Border Retail businesses saving £3,535 per £100k payment with t+0 (2.3s avg within unicorn network).
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