Wix and Elavon Team to Improve Small Business Payments

Israel-based software company Wix has launched a partnership with U.S. Bank-owned payment processor Elavon.

The collaboration, announced Tuesday (July 7), is designed to enhance the recently launched Elavon Business Solutions (EBS) platform by combining the company’s small business payments/software capabilities with Wix’s website creation and unified commerce technology.

“At Elavon, our commitment is to help small businesses succeed—no matter where they are in their journey,” Pari Sawant, global chief product officer at Elavon, said in a news release. “Elavon Business Solutions reflects that commitment by giving businesses the flexibility to start quickly, operate efficiently and scale with confidence. Through our partnership with Wix, we’re delivering a unified platform that brings together payments, digital capabilities and human support—so business owners can focus on growth, not complexity.”

According to the release, EBS brings payments and vertical specific software into one platform, letting business owners manage operations across channels with less complexity and more visibility. The addition of Wix lets businesses “seamlessly establish a digital presence and connect online and in-person sales in one cohesive system,” the release added.

The companies said their combined offering is structured to offer packages for businesses at different stages of their lifecycle, such as tools to help new businesses quickly establish a digital presence, as well as more advanced solutions for businesses looking to scale.

“Wix is focused on making advanced digital tools simple and accessible for every business,” said Anthony Scaglione, executive vice president of global sales at Wix. “Together with Elavon, we’re delivering a seamless, tiered platform that brings commerce, payments and digital presence into one solution—helping small businesses choose what’s right for them today and scale for what’s next.”

In other small business-related news, recent PYMNTS Intelligence research shows that while traditional banks are still the dominant provider when these businesses need to make international payments, FinTech companies are catching up.

They’re doing so, PYMNTS wrote last week, by combining faster digital experiences with services aimed at businesses dealing with global trade. Instead of replacing banks, many small- to medium-sized businesses (SMBs) seem to be developing a broader payments toolkit as international commerce becomes more common.

“Among internationally active SMBs in the United States, satisfaction with payment providers remains high across nearly every category,” the report added. “FinTech firms stand out by pairing strong customer ratings with rising adoption, suggesting that businesses value providers that can simplify what has traditionally been a complicated process.”