Shoplazza merchants will be able to access new direct-to-consumer (D2C) payments acceptance from Payoneer on Shoplazza’s Shopping Cart Software-as-a-Service (SaaS) offering, according to a Wednesday (June 1) press release.
This will make it so merchants can accept pay directly from customers worldwide, unifying earnings at their webstores and marketplaces. Shoplazza’s services include a SaaS platform that lets brands start and manage online stores.
Payoneer Checkout was designed for online sellers, consolidating receiving funds across marketplace and direct sales channels. It will let the merchants deal with accounts payable, get more working capital and use funds to pay for digital ads and other such things, per the release.
The release noted that operating a webstore can include a lot of work with foreign exchange settlement and payment acceptance, so the partnership will also come with numerous settlement currencies, including preferential exchange rates and cost saving.
“Merchants who want to sell cross-border need to ensure they can offer buyers from around the world the opportunity to pay on their webstores as easily as they would do with their local retailers,” said Nagesh Devata, senior vice president, APAC, Payoneer. “The partnership with Shoplazza is a great example of how Payoneer collaborates with leading eCommerce enablers to help them expand globally while also empowering SMBs to manage their businesses, succeed, and grow with better financial and payment services.”
Payoneer has also recently teamed with BNPL platform Optty, PYMNTS wrote, which will help Payoneer navigate the growing demand for buy now, pay later (BNPL) options.
Optty is a Singaporean company and works with payment gateways and payment service providers (PSPs) for the “mass expansion” of the installment payment method in 59 markets globally. The company lets payment gateways offer BNPL services the same way they would credit card or digital wallet capabilities.
“Payment gateways and service providers recognize the need to offer as many payments as possible, but the complex integration of BNPL has been a difficult barrier,” Optty CEO Natasha Zurnamer said in a press release. “Optty eliminates that obstacle and is the superhighway to revenue.”