FedEx Cross Border has partnered with financial services firm BlueSnap to empower online retailers to expand their businesses across the globe.
FedEx Cross Border will use BlueSnap’s Powered Buy Platform® to process cross-border sales with the languages, currencies and payment types global shoppers expect when buying online. Built into this feature-rich platform are all the payment technologies a merchant needs to sell globally including multiple connections to global acquiring banks for better payment conversions.
By 2020 it is expected that some 94 million online shoppers will spend almost $1 trillion on cross-border eCommerce transactions. To get a piece of this opportunity, retailers need to be able to handle the complexities of selling to shoppers in multiple countries. Shipping logistics, tax handling, localization of the checkout page and local payment processing are all critical to be successful selling cross-border, BlueSnap pointed out.
“FedEx Cross Border allows merchants to sell internationally like never before. Their advanced platform solves so many of the tough challenges of global eCommerce, and, we are pleased that our platform helps them reach those markets with the best global payment conversions in the space,” said Ralph Dangelmaier CEO of BlueSnap.
BlueSnap is a unique global payment gateway, allowing merchants to sell around the world – connecting them to 20+ acquiring banking relationships all through a simple, consolidated API and single underwriting process. BlueSnap also offers a global eCommerce hub so that merchants can seamlessly integrate to one platform and accept payments for online checkout, invoices and marketplaces with ease.
Late last year BlueSnap announced enhanced processing for EU, Latin America and Canada to give merchants true global payment processing across these key regions. Without local payment processing merchants could be leaving up to 30% of sales on the table due to payment processing issues.
