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Liquidity Services Inc. Implements Flywire to Process Domestic and Cross-Border B2B Payments for Global E-Commerce Platform

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Liquidity Services Inc. Implements Flywire to Process Domestic and Cross-Border B2B Payments for Global E-Commerce Platform

Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company, today announced that Liquidity Services Inc. (Nasdaq: LQDT) has implemented Flywire to run both domestic and cross-border B2B payments for the global e-commerce marketplace, with over $15 billion in total completed transactions over the course of Liquidity Services International’s 25 year history.

The Bethesda, Maryland-based company operates the world’s largest B2B marketplace for surplus and idle assets – spanning individual heavy equipment and fleet management to entire plant closures – for more than 6 million qualified buyers and 15,000 corporate and government sellers worldwide. A global force in sustainability, Liquidity Services Inc. helps maximize asset value and extend lifecycle utility, preventing operated assets from heading to landfills. This includes facilitating compliant and secure transactions for federal, state and local U.S. and Canadian government agencies.

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For Liquidity Services Inc., Flywire provided expertise in collecting localized payments in complex corridors, successes that built confidence to deploy Flywire to run payments globally. With Flywire, Liquidity Services Inc. eliminates major roadblocks to expanding global sales by ensuring easy, secure and compliant global payment operations at scale. Some the benefits Liquidity Services Inc. has achieved include:

“We are thrilled that Liquidity Services Inc. is realizing strong value from Flywire. Their story is exactly the type of problem Flywire is uniquely positioned to solve – offloading the complexity of collecting global payments and allowing a focus on the mission of their business,” said Ryan Frere, EVP & GM, of B2B at Flywire.


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