B2B Payments

Cross-Border Alliance Will Boost U.S. Firms

ECommerce software company GoECart announced last week that it will partner with GlobalShopex in an effort to help U.S.-based retailers expand internationally. GoECart caters to small to mid-sized businesses, while GlobalShopex provides international shipping options to eCommerce companies.

"We are thrilled about our new partnership with GlobalShopex and how it makes it completely seamless for our retailers to go global,” GoECart CEO Manish Chowdhary said. “GlobalShopex’s international logistics features — like currency conversion, highly competitive shipping, worldwide customer service, and expertise on how to convert international traffic into sales — are sure to be a boom for GoECart merchants and their customers alike."

According to a GlobalShopex press release, the company will let merchants on the GoECart platform add an ‘international checkout’ option to their shopping cart. It will then transfer customers to an international version of the merchant’s shopping cart. Moreover, GlobalShopex handles the international checkout on behalf of the merchant and assists in international shipping to more than 200 countries and territories around the world.

More firms are looking into making cross-border payments easier. Earlier this month, PYMNTS.com reported on Transpay launching a new instant payments option for freelance providers in the crowd-source marketplace, eCommerce companies, credit card processors, and other entities that want to make international payments.


Latest Insights: 

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. The July 2019 Pay Advances: The Gig Economy’s New Normal, a PYMNTS and Mastercard collaboration, examines pay advances – full or partial payments received before an ad hoc job is completed – including how gig workers currently use them and their potential for future adoption.

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