FlymyMall is a platform that offers unlimited access to US, UK, and China e-commerce stores to everyday shoppers and small businesses in 50+ African countries. Whether a customer is searching for hard-to-find items in the US or a tech enthusiast eager for the next gadget, FlymyMall bridges the gap between American retailers and African consumers.
They are committed to creating more opportunities to access the products you love, ensuring a seamless shopping experience with convenient local payment options and reliable delivery right to your doorstep.
The Challenge: Currency Friction at Every Turn
For any cross-border business, payment is the engine. When that engine faces a roadblock, the entire operation comes to standstill. FlymyMall faced a two-sided payment problem that threatened its growth.
On the Customer Side:
Nigerian shoppers wanted to pay in their local currency, the Naira (NGN). They faced:
- Limited access to foreign exchange
- High fees on virtual cards
- Frequent payment cancellations
On the Business Side:
Operating from the US, FlymyMall needed to settle accounts and pay suppliers in US Dollars (USD). They were trapped by:
- Foreign exchange volatility: Payments received in Naira were exposed to devaluation, often losing significant value before conversion.
- High payment processing fees: Traditional cross-border payment methods ate into their margins.
- Delayed payouts: Slow settlement times hurt cash flow and make it difficult to predict working capital.
For a tech-enabled business where payment is critical to daily operations, these were existential threats.
The Solution: VitalSwap Business
FlymyMall needed a partner who understood both sides of the equation, helping their users pay in their local currency and over 10 payment methods, including Stablecoin, while they receive in stable USD. They found that type of partner in VitalSwap.
As a VitalSwap Business user, FlymyMall integrated VitalSwap checkout, (available on Shopify, WordPress, and native web) the integration was seamless.
How It Works:
- Customer Pays in Naira: A FlymyMall user in Nigeria checks out and pays in their local currency and over 10 payment methods, including Stablecoin.
- VitalSwap Processes the Payment: The platform handles the transaction ensuring the customer’s payment goes through without friction.
- FlymyMall Settled in USD: Instantly, FlymyMall receives clean USD in its account. No more waiting or current exchange risk. No hidden fees!
“Customers can pay us in local currency and we get settled in USD almost instantly.” Adrian, CEO of FlymyMall says.
The Results: 95% Lesser Failed Transactions
The impact of switching to VitalSwap Business was immediate and measurable.
- Reduced Failed Transactions by 95%
Payment cancellations and failures were once a daily headache. With VitalSwap’s robust infrastructure and checkout solution, failed transactions have plummeted. Customers now complete their purchases on the first try.
- Increased Customer Conversion
When customers encounter payment friction, they abandon their carts. By allowing Nigerians to pay in Naira while accessing US products, FlymyMall removed the biggest barrier to purchase. Conversion rates climbed, and revenue stabilized.
- Instant USD Settlement
The currency volatility that once threatened FlymyMall’s margins is now a non-issue. VitalSwap’s instant USD settlement means that even though customers pay in Naira, FlymyMall’s books show stable, reliable US Dollars the moment the transaction completes.
“At this point, VitalSwap is making it possible because by using your local currency, you can shop and pay for your shipping services and VitalSwap will settle it almost instantly in USD” Adrian says.
What This Means for FlymyMall Users
For the everyday Nigerian shopper, this partnership means access. Access to the products they want, when they want them, without jumping through financial hoops.
Adrian added that users can make use of their shop-for-me service, they can pay us in local currency and access an unlimited number of products in the US stores like Amazon, eBay, Walmart.”
“To find out how easy this is, go to www.flymymall.com, create an account and start enjoying this wonderful experience. Whether you are looking for hard-to-find items in the US or you are a tech enthusiast who can’t wait for the next gadget, go for it. We’re ready to serve you. We can’t wait.”
International Business Payments Made Easy
When you scale your business internationally, cross-border fees, settlements and currency conversions are always an issue. VitalSwap Business exists to solve the unique friction that exists when African consumers meet global merchants. By allowing customers to pay in local currency while businesses settle in USD instantly, VitalSwap turns cross-border payments from a headache into a competitive advantage.
Ready to transform your cross-border business?
If you’re a business facing similar challenges of accepting your customers payment in one currency and paying suppliers in another currency, VitalSwap Business is the solution for you.
Visit VitalSwap Business to get started.
