Operational alpha for Nigeria–China trade.
The full-stack workspace for cross-border merchants. Integrated wallets, escrow protocol, verified suppliers, and logistics tracking in a single cockpit.
Critical friction analysis
Legacy cross-border trade is failing. Billions are lost annually to opaque FX, escrow fraud, and logistics blind spots.
Average loss to hidden FX spreads charged by local agents.
Standard cycle for container verification and supplier payment.
Failure rate of first-time relationships with unverified suppliers.
Source → Pay → Ship, in one cockpit.
1,240+ vetted Chinese suppliers across 14 categories.
Multi-sig custody until shipping docs are verified.
Door-to-door tracking from Guangzhou to Lagos.
Multi-currency wallets
Hold NGN, CNY, USD with instant institutional-rate conversion.
Verified marketplace
Access vetted Chinese suppliers with audited capacity & history.
Escrow protocols
Funds released only on successful delivery and inspection.
Freight & logistics
Real-time tracking of ocean and air cargo into Apapa & Tin Can.
FX conversion engine
Verification
KYC for Nigerian buyers and KYB for Chinese sellers ensures valid identity across the bridge.
Wallet funding
Deposit Naira via local bank transfer. Convert to CNY instantly at institutional rates.
Settlement
Funds release to suppliers only after goods clear our Guangzhou inspection hub.
Control your supply chain from Lagos.
- ✓Zero conversion loss on wholesale bulk orders
- ✓Guaranteed buyer protection on every CNY payment
- ✓Automated tax clearance and customs documentation
- ✓Direct chat with verified factory reps
Expand into Nigeria, safely.
- ✓Get paid in local CNY without regulatory hurdles
- ✓Verified Nigerian buyers, KYC-cleared
- ✓Dispute resolution via the MagnetPay escrow framework
- ✓Storefront + RFQ inbox in one workspace
High-speed settlements
Legacy wires take 5 days. MagnetPay settles in minutes using our proprietary liquidity pool between Lagos and Hong Kong.
Customs AI engine
Auto-generate Form M and NXP documents. AI verifies HS codes to avoid port delays at Apapa.
2 of 3 forms auto-filed
Featured manufacturers
The zero-trust escrow protocol
Payment is held in multi-sig custody. Neither buyer nor seller can move it unilaterally.
Goods inspected at our origin hub. Photos and QC reports uploaded to the terminal.
Funds release to seller once buyer signs off — typically within 24h of POD.
If something's off, our mediation team reviews evidence within 48h.
The corridor map
Live tracking across 12,450 km of ocean route.
How Z-Line Motors cut procurement lead time by 14 days.
Scaling the Lagos–Foshan solar bridge during FX volatility.
"Finally a platform that understands Nigerian importers. The NGN–CNY conversion is the best rate we've seen."
"Logistics tracking is so precise I no longer call agents every hour to find my containers."
"Verified suppliers saved us from a $20,000 scam last month. MagnetPay is essential infrastructure."
"Settlement to my Guangzhou factory cleared in under 4 minutes. Genuinely the future."
"The escrow timeline gave our suppliers the confidence to accept first-time orders."
"I run my entire China procurement from one tab now."
Competitive matrix
| Feature | MagnetPay | Traditional banks | Local agents |
|---|---|---|---|
| FX spread | 0.2–0.5% | 4.0–7.0% | Opaque |
| Payment speed | Real-time | 3–5 days | Varies |
| Escrow protection | Included | None | None |
| Supplier verification | Audited tier | N/A | Word of mouth |
| Logistics tracking | Live | N/A | Manual calls |
Performance-based pricing
No monthly fees. We only earn when you trade.
Terminal support
How are FX rates determined?+−
Is my money safe during escrow?+−
Funds sit in a segregated, multi-sig custody account at our partner bank. Neither buyer, seller, nor MagnetPay can move them unilaterally — release requires either buyer sign-off or a mediation outcome.
Which Nigerian ports do you support?+−
What documents do I need for KYB?+−
How long do payouts to China take?+−
Ready for full-stack trade?
Join 2,500+ active Nigerian importers and 1,240 Chinese exporters scaling on MagnetPay.
Launch your terminal →