Online retailers have historically faced a good deal of challenges when it comes to accepting payment. While just about all of them are able to accept credit card payments, not all customers use credit cards, and those that cater to international customers often find that cross-border transactions constitute a serious hassle no matter what form of payment is used. That’s where Blue Snap comes in; read on to find out more about the advantages of working with this all-in-one payment platform.
Improve Global Sales
Giving international customers choices when it comes to payment allows businesses to boost their global sales and expand their loyal customer bases. This payment platform allows business owners to accept everything from local currencies to digital currencies, allowing more customers than ever to access their clients’ products and services.
The ability to accept multiple forms of payment will quickly begin to boost a company’s revenue. Plus, this program also offers reporting options that allow business owners to analyze buying patterns and trends, allowing them to make integral changes to their websites or business models in order to draw in even more customers. Using a fully-integrated payment platform also reduces the risk of fraud, helping to cut fraud-related losses down to zero.
Not all products and services are sold on a one-time use basis. Some require recurring annual or monthly subscription payments, which can be difficult to manage without a little bit of help. This payment platform allows business owners to easily manage all of their subscriptions and to include trial periods and time-based offers, allowing them to adapt to evolving markets and remain competitive.
Chargebacks can cost companies a good deal of money, both directly in the form of returned payments and indirectly in the form of damage to their reputations. Using a comprehensive payment platform that incorporates chargeback management into its software allows vendors to resolve disputes more easily, helping to maintain the company’s reputation and reduce the need for chargebacks to begin with. Plus, this service works in conjunction with fraud prevention services to ensure that all returns are valid, preventing losses due to fraudulent chargebacks.