Global Collections

Global Collections is a NeoX service that lets a merchant collect cross-border payments from overseas buyers, hold balances in multiple currencies, convert funds, and pay them out internationally — all through a single API integration; NeoX abstracts the underlying provider behind one consistent, NeoX-branded API surface.

By integrating with these APIs, organizations can:

• Open multi-currency collection accounts: Issue virtual accounts that receive incoming funds in USD, EUR, HKD, and other supported currencies on behalf of the merchant and its sellers.

• Onboard sellers as sub-merchants: Submit KYC/KYB material so each seller is a compliant, individually-tracked sub-merchant under the master merchant.

• Register trade contracts: Attach PI/CI trade-contract orders (goods or services) so incoming collections can be matched to a verified commercial background.

• Receive and reconcile incoming funds: Capture cross-border collections, supplement payer or funds-nature information when required, and reconcile settled amounts.

• Convert and pay out funds: Lock FX rates, execute currency conversion, register beneficiaries, and initiate international payouts / remitouts of collected balances.

• Stay event-driven: Receive webhooks for account creation, incoming funds, payout results, refunds, and sub-merchant status changes.

In essence, Global Collections APIs empower you to run a fully programmatic cross-border collection-and-payout operation while NeoX handles provider connectivity, signing, compliance routing, and settlement.