Frequently Asked Questions
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Have questions? Explore our FAQs on Global Sales.
What is MonneyMed?
MonneyMed is financial and logistics solutions firm based out of Dubai which specializes in enabling Local businesses in developing countries expand beyond geographical borders.
How does MonneyMed enable local businesses to expand beyond geographical borders?
SMEs in developing countries face many challenges.
- They don’t have access to financial liquidity for foreign payments.
- They face bank rejections while accepting global payments in their home country.
- They don’t have access to reliable logistics solutions to ship their products with ease.
What services does MonneyMed provide as a global distributor?
We act as a global distributor for manufacturers & service providers, primarily based in developing countries. We:
Buy products & services from SMEs and sell them to consumers worldwide.
Collect sales revenue in Dubai and manage payments.
Handle digital advertising expenses, including social media payments, on behalf of clients.
How can I pay for digital marketing in foreign currency?
While banks and companies like Dial Zero provide solutions to pay digital marketing fees, they charge 22 – 26% fees as transaction charges.
The best way is to hire a reliable agent/business to pay these expenses for you from countries like the UAE.
How does MonneyMed manage digital advertising payments?
We pay for social media ads and other online expenses on behalf of the clients.
The client reimburses us, or these costs are deducted from the sales revenue we collect, minimizing currency conversion costs.
What is my cost in the process?
MonneyMed helps you convert your fixed cost to variable cost.
- You don’t incur foreign business setup and renewal fees annually.
- You don’t have to worry about foreign accounting and taxation regulations.
MonneyMed charges you commission per transaction based on transaction value. We take care of all the rest while you focus on core business operations.
What happens if sales revenue is less than the amount we owe for payments?
If the total sales revenue collected in Dubai is less than the advertising payments made on behalf of the client, the client must send the remaining amount in AED to Dubai using one of the desired money transfer channels.
Do I need a legal entity in every country I sell to?
Not necessarily. You will need a legal entity in the country you are selling your goods from. Our teams will help you with structure involving zero fixed cost.
Which marketplaces should I prioritize?
It depends on your product category, target demographics, and competitive landscape. Our research pinpoints platforms known to have high demand for your offerings. We then help you integrate effectively with minimal downtime.
Does MonneyMed work with businesses outside Dubai?
Yes! While we specialize in manufacturers & service providers based out of developing countries, we work with businesses in all countries looking to expand their sales globally.
How does MonneyMed ensure transparency in financial transactions?
All transactions are logged and tracked in a financial dashboard.
Sales, advertising payments, and reimbursements are clearly documented.
We provide daily reports to clients on revenue, expenses, and balances.