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News from the Wire
20:29:15 (UTC) 01-06-2025
ETA reveals 2025 Industry Affairs Committee leadership
15:40:09 (UTC) 08-15-2024
H2O.ai names Jeffrey Vagg of North a top AI thought leader
17:29:08 (UTC) 08-05-2024
North American Bancard rebrands, will now be known as North
18:03:03 (UTC) 06-21-2024
North American Bancard honored in TSG's API Best of Breed report
16:32:00 (UTC) 04-03-2024
Fintech leader North American Bancard partners with Visa
16:51:14 (UTC) 03-22-2024
NAB expands partnership with Chargezoom
16:45:00 (UTC) 03-18-2024
NAB debuts payment links in Payments Hub platform
16:35:15 (UTC) 01-09-2024
ETA announces 2024 committee chairs
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Forbes reports that global ecommerce topped $6.3 trillion in 2023 — and it's forecast to be more than $8 trillion by 2026. Meanwhile, PayPal found that 57% of the world's consumers do their shopping with world-wide savvy.
Clearly, there is ample opportunity for merchants who go global, but the move can also have its challenges. From logistics to pricing to payment options — as well as significant cultural differences — understanding the intricacies of global ecommerce can help you decide if it's right for your business.
Each point on the map comes with preferred payment options, currencies, language, cultural barriers, and logistics. Here are a few considerations.
Being big in your own backyard doesn't always translate to global stardom. What pops in the U.S. may fall flat in Europe. Fashion senses, tastes in music, fads, and food — it all factors in. Then there's the local tongue. Translating an ecommerce site and product line can get complex — and be full of unforeseen pitfalls. There's the legendary story of Chevrolet marketing their Nova in Latin America — without considering that "va" means "go" in Spanish; no one wants a car that's "no go." And no one wants to "bite the wax tadpole," which is what Coca-Cola translated to when it first appeared in Chinese.
Countries have their own rules and regulations for selling online. Maintaining compliance with each can quickly get gnarly the more places you expand into. Consider the additional resources — people and otherwise — that you'll need to stay on top of it all.
Crossing borders means more regulations, different delivery methods, tariffs, and tracking — not to mention the sheer miles between a warehouse and the customer. Statista has numbers as to how heavy global shipping and logistics weigh on ecommerce merchants. Here's the breakdown that occupies their worry bandwidth.
When will business owners get their money? And how? Payment preferences based on location come into play. Some love their cards and digital wallets, while other markets might prefer to buy now, pay later (BNPL), or the use of an online service or peer-to-peer payment app. Juggling all the options while keeping an eye on different currencies can quickly make your QuickBooks not compute.
Then there's profitability. Is the product or service priced right for the international markets that are on the table? American shoeheads don't think twice about paying the big bucks for their Air Jordans, but those prices may not fit on other countries' feet.
For most merchants, payment is the big one. Finding a global solution that will streamline revenue and afford a flexible and quick payment schedule is an enormous priority.
Inovio has ecommerce solutions that work all over the world, from America to Albania to Antigua. It's a revolutionary online payments platform that offers seamless integration and global scalability. The world keeps moving, and Inovio moves with it (and the ecommerce industry).
But it's not just technology, there's also a team of payment experts with the experience, insight, and connections to help you work with processors, acquirers, and payment service providers worldwide.
Inovio offers an omni-channel platform capable of adapting to any payment experience, anywhere, allowing for customers to purchase items in their native currency and merchants to manage their businesses however they see fit. That means innovations that bring simplicity to an often confusing process. With flexible APIs and the ability to speak any programming language, Inovio is the ambassador to your ecommerce aspirations.
Learn more about what Inovio can do to take your ecommerce global.
Going global: Making ecommerce work for you. - Mar 21st, 2024
Year in Review: North American Bancard claimed multiple honors in 2023 - Dec 22nd, 2023
North American Bancard empowers customer engagement with its Payments Hub Reputation Management tool - Apr 27th, 2023
New verticals now open for North American Bancard Sales - Jan 30th, 2023
North American Bancard Partnership with PayTrace Offers Exciting Ecommerce, B2B Opportunities - May 05th, 2022
Reach your true potential as an NAB Integrated Partner. - Jun 28th, 2021
Build your brand and your bankroll with NAB's award-winning Registered DBA Program. - Jan 26th, 2021
Earn 36x Upfront with NAB's BIGGEST Residual Buyout Offer Ever! - Nov 04th, 2020
Tough times call for unrivaled support - Jun 30th, 2020
The Programs and Solutions Sales Partners and Merchants Need Now. - May 14th, 2020
Easy-to-sell software integrations - Oct 14th, 2019
Sales portal of the future - Apr 11th, 2019
Payment acceptance anywhere, in every way! - Mar 06th, 2019
Maximizing the virtual terminal - Jan 23rd, 2019
Offering maximum value in a merchant portal - Oct 10th, 2018
Harnessing the Future of Retail - Jun 05th, 2018
Empowering online sales - Feb 27th, 2018
Influencing the payments ecosystem - Oct 05th, 2017
Fueling merchant growth - Aug 21st, 2017
A ‘customer-first’ focus always wins - Mar 20th, 2017
Breaking down EMV adoption barriers for SMBs - Jan 16th, 2017
Eliminating EMV pain for restaurants - Jul 27th, 2016
More strength under one roof - May 17th, 2016
Online merchant enrollment made easy! - Nov 11th, 2015
Take steps to advance merchant growth - Sep 12th, 2015
Do you have access to the future? - Aug 12th, 2015
Something fantastic for merchants! - Jun 23rd, 2015
Carving a smart path to the future - Apr 07th, 2015
When the ETA talks, people listen! - Mar 04th, 2015
The endgame in selling merchant services - Feb 04th, 2015
Sales-driven technology for agents, merchants - Dec 03rd, 2014