Cross-Border Ecommerce Payment Expansion
How to go global in 2023
Step into the world of cross-border ecommerce payment expansion and approve more legitimate cross-border transactions. This e-book will be your ultimate tool for creating a bullet-proof cross-border expansion strategy.
Ecommerce is exploding across all industries. Natively, it has matured differently in each region. As merchants are expanding into new markets, they are venturing into new fraud territories.
Legacy technology no longer understands how consumers behave online.
Signifyd’s model, however, leverages big data from its commerce network and makes accurate predictions on whether it is going to be a good transaction or not.
Signifyd offers protection across the entire customer journey, helping you increase sales and expand into new markets without concern.
Cross-Border Ecommerce: Going Global in 2023
Grow globally with a robust cross‑border ecommerce strategy!
Step into the world of cross-border ecommerce payment expansion and approve more legitimate cross-border transactions with Signifyd’s solution. It’s every merchant’s dream to expand globally. You have the perfect product, the perfect price and a perfect website. Merchants usually hold back due to lack of familiarity with new customers, foreign currencies, cross-border payment logistics, local shopping habits or local customer expectations.
Cross-border transactions are very common today, and savvy consumers use the internet to buy directly from merchants all over the world, both online and through their mobile devices. Although the market is growing exponentially, merchants fear payment fraud. That causes them to turn away 6.8% of cross-border transactions, compared to 2.9% of domestic orders. But as it turns out, the percentage of fraud in domestic and cross-border transactions is virtually the same (0.9%).
Signifyd’s solution takes away the fear and enables you to capture more good cross‑border transactions. The Signifyd Commerce Network includes transactional and behavioural data from thousands of merchants shipping products into 100+ countries, as well as leading data service providers.
How Signifyd enables you to capture more
The Signifyd Commerce Network includes transactional and behavioural data from thousands of merchants shipping products into 100+ countries, as well as leading data service providers.
97% of transactions identified by one or more of these variables:
Cross-border expansion opens new markets
Just as online consumers can buy from nearly anywhere in the world while nearly anywhere in the world, online merchants can set up shop nearly anywhere from wherever they are.
Cross-border purchases aren’t foreign to European consumers
Online shoppers in the UK, France and Italy have demonstrated that they will buy from merchants outside their home countries. In fact, 87% of UK consumers say they shop cross-border, and that number rises up to 90% in EU members France and Italy. Between 1/5 and just over 1/4 of shoppers surveyed make more than 30% of their online purchases cross-border.
FAQ
A cross-border transaction, also known as an international transaction, is a transaction between two entities from different jurisdictions. The transaction can entail inbound and outbound transfers of stock, property or financial and commercial services between individuals or businesses.
