TangoTrade Payment Assurance reduces the risks of international trade payments for small and medium sized importers and exporters.
TangoTrade Payment Assurance enables buyers and suppliers to negotiate shipment terms and then holds full payment securely until the shipment documents have been validated. This way, both sides on an import / export transaction are protected.
Purchase from suppliers around the world without worrying about not receiving their shipment
Ship goods knowing that full payment is held securely and will be released upon shipment verification
No more paper forms. The entire transaction can be managed easily from your computer or mobile device.
Bonded, insured and built with bank-grade security to ensure you and your payments are fully protected.
7-10 days – average time for Letter of Credit issuance (Cognizant, 2017)
70% - rejection rate by banks for Letter of Credit documents due to discrepancies
(International Chamber of Commerce, 2017)
92% - total US trade finance controlled by the top 5 banks (US Federal Reserve, 2015)
74% - percentage of SMB credit applications declined by large banks (Biz2Credit Lending Report, 2018)