Simplify E-commerce Payment Processing—While Increasing Revenue and Reducing Costs


November 28, 2018 2:30 pm ET

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Often, e-commerce businesses find it costly to operate in the global online marketplace due to the intricacies of cross border transactions with different currencies. While international markets open up additional sales opportunities, this business expansion brings with it a more complex payment transaction process. For example, international growth for online companies means that they have to set up accounts with different banks and gateways. A solution is to deal with a single payments provider that already has the necessary banking relationships in place to easily handle online sales orders.

Among the topics to be discussed are:

• Recent Mercator research findings on mobile payments and payment vendor simplification

• Why companies that use multiple payment providers or gateways find unnecessary complexity, higher processing costs, and additional time needed to coordinate the different vendors.

• E-commerce businesses find it costly to operate in the global online marketplace due to the intricacies of cross border transactions with different currencies.

• Online businesses need a simplified payment stack that includes multiple channels, global connections, different payment types, integrated fraud detection, and business reports.

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