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Barclays understands our business and was able to offer a solution that has helped DHgate maintain its brand reputation and provide a great customer experience, whilst ensuring we manage FX volatility.

Jeffrey Zang, Supply Chain Finance Director, DHgate

Powering FX payments for DHgate

DHgate.com is one of the world’s leading online wholesale marketplaces, for goods made in China. The company connects international buyers with Chinese wholesalers who offer the same quality products found elsewhere at a fraction of the price.

Over 30 million products are available, across a wide range of categories including Apparel & Accessories, Computers & Networking, Consumer Electronics, Toys & Hobbies, Health & Beauty, Auto and more. DHgate provides a buyer protection plan, a secure refund policy, express delivery and shipment tracking, and is committed to providing a fast, easy, and safe buying experience to businesses and consumers worldwide.

DHgate has customers from over 230 countries and regions and the ability for customers to pay in local currency was essential to their online retail strategy. As a result, DHgate needed to consider solutions that offer multi-currency pricing while minimising exposure to foreign exchange risk.

DHgate selected BARX NetFX, a fully automated risk management solution, provided by Barclays, for organisations with large volumes of low-value FX transactions. BARX NetFX provides FX rates that are held for a set period of time, allowing DHgate to offer a local currency sales proposition and pass the FX risk associated with selling online in multiple currencies, directly to Barclays. DHGate has seen significant international sales growth since implementation of the solution.

Find out more

Foreign Exchange

Reduce the risk of the exchange rate volatility and benefit from our sector professionals who can offer you products that meet your FX requirements.

BARX Corporate

BARX Corporate is an internet based Foreign Exchange and Money Market deposits dealing platform, available to Barclays clients.

Contact

Our experienced UK- based team can listen to your business need, offer assistance on-the-spot or put you in touch with the right specialist at Barclays. Call us on:

0800 015 4242*

Alternatively we can call you back or you can email us with your query.

Existing client?

How can we help?

To discuss switching to Corporate Banking at Barclays, call us on: 0800 015 4242 *