70% of Businesses Want a Single Payment Provider According to New Mercator Advisory Group Survey
BlueSnap All-in-one platform streamlines global payments for businesses of all sizes
Boston, MA—August 23, 2018—According to a recent survey conducted by leading independent research and advisory firm Mercator Advisory Group, 3 out of 4 small and medium-sized businesses say they would prefer to deal with a single payments provider. In 2018, 73% of firms said they want to engage with one vendor for payment acceptance services. However, at least one-quarter of these businesses are still engaging with multiple payments vendors, which brings complexity to the process.
The reality of today’s business environment is that multiple payment providers actually drain organizational resources by requiring more complex logistics and coordination. Now through a single integration, BlueSnap offers expanding businesses a proven solution to ease the pain points of dealing with several providers that have different systems and processes. Businesses no longer have to rely on several payments vendors to grow their business.
BlueSnap has developed All-in-one Payment Platform to save businesses time, money, and developer resources. Through this single-integration solution, BlueSnap provides businesses with:
- One contract, one account, one integration, one payout, and one report to simplify payment management
- Payment gateway and connection to multiple global acquiring banks for increased conversions and lower foreign exchange fees
- Support for online and mobile sales, subscriptions, invoices, marketplaces, or virtual terminal
- Ability to offer a variety of payment methods: global cards, e-wallets, or bank payment
- Best-of-breed fraud detection and chargeback management tools
“For the last three years of our business surveys, three-quarters of respondents say that they would rather have a single payments provider. In particular, e-commerce merchants state that they have special payment solutions needs and want to reduce the complexity of dealing with multiple vendors,” said Raymond Pucci, Director of the Merchant Services practice at Mercator. “Additionally, in direct interviews we have conducted, businesses of all sizes across vertical markets express their preference for a single vendor platform.”
“We hear from businesses that they constantly need to integrate to different payment solutions to address their growing needs either because their customers want different payment methods or they are expanding internationally,” said Ralph Dangelmaier, CEO of BlueSnap. “As a result, their valuable development resources are spent developing new integrations and managing their payment solution cluster. Also, they spend too much time reconciling different accounts using inconsistent reporting formats and data points. The All-in-one Payment Platform increases sales and reduces costs through one easy integration bringing more value for domestic and global clients.”
BlueSnap provides an All-in-one Payment Platform designed to increase sales and reduce costs for B2B and B2C businesses. Our Platform supports online and mobile sales, marketplaces, subscriptions, invoice payments and manual orders through a virtual terminal. With a single-integration to our Platform you can accept any payment with ease. The Platform includes access to 100 payment types, including popular e-wallets, built-in world class fraud prevention to protect your sales and detailed analytics to help you grow your business. And with built-in integrations to platforms and shopping carts, you can start processing payments immediately. Learn how BlueSnap can help your business accept payments and sell more at https://www.bluesnap.com/.
Ryan Lemos, 617-874-5210
About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world’s largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.
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