Optimized Global Payments – Simplified

BlueSnap’s Global Payment Orchestration Platform is a unified payments solution that consolidates multiple payment methods, acquirers and geographies into a single integration and account, offering payment processing and orchestration in one solution. It has a modular, API-driven infrastructure that allows businesses to turn services on or off by country, product, issuer and more.

BlueSnap’s Global Payment Orchestration Platform simplifies international payments with Intelligent Payment Routing across a global network of acquiring banks, the ability to offer your customers’ preferred local currencies and payment types, and local acquiring in 50 countries. These features help increase authorization rates, reduce checkout abandonment and minimize cross-border fees.

Yes, offering a shopper’s local currency can increase sales. Many merchants only charge in the currency local to their business, which can lead to issues such as:

• Higher cart abandonment due to cardholders not knowing the final cost
• Higher rate of declines from cardholders’ banks due to perceived risk
• Higher billing inquiries from cardholders confused by converted amounts on statements
• Higher chargebacks from cardholders who see a price on their statements they didn’t knowingly agree to

By offering local currencies to your shoppers, you can decrease the likelihood of these negative impacts.

Local card acquiring is when the acquiring bank and issuing bank are both in the same region. Using local card acquiring whenever possible can reduce fees and increase authorization rates.

Cross-border payments, or cross-border transactions, occur when the acquiring bank and the issuing bank are in different regions. Banks typically treat cross-border payments as higher risk than domestic transactions, which can lead to higher fees and a greater likelihood of the transaction being declined.

Card networks charge cross-border fees when a customer uses a card issued in a different country or region from where the payment is processed. When you process cross-border card payments, these fees are charged on top of any other fees (such as interchange fees). These additional cross-border fees are fixed, non-negotiable and set by card networks. And while the exact cost depends on where in the world your business is based and the currency used for the transaction, they can run up to an additional 2%.