BigCommerce, Digital River Commerce Team

Open Software-as-a-Service (SaaS) e-commerce platform BigCommerce has announced its integration with Digital River, which works in global commerce, to offer midsize to enterprise merchants a commerce solution, according to a Wednesday February 23. Press release.

The solution will manage payments, tax, fraud and compliance, simplify cross-border selling and drive global expansion.

Additionally, merchants can integrate Digital River’s Merchant of Record business model to reduce risk and maximize conversions through localized payments. This will allow merchants to more quickly deploy entry into new markets and make cross-border sales easier.

BigCommerce CEO Brent Bellm said the rapid growth of cross-border e-commerce will allow more businesses to benefit.

“Our partnership with Digital River provides the global commerce solutions needed to get to market faster, at lower cost, and without the risks and complexities typically associated with cross-border commerce,” Bellm said in the release.

“Delivering localized payment experiences and reconciling international sales can be daunting and time-consuming,” said Adam Coyle, CEO of Digital River. “To eliminate these complexities, we have partnered with BigCommerce to manage the financial and legal responsibilities of cross-border selling on behalf of BigCommerce merchants to help them simplify their operations and accelerate global expansion at a lower cost.

“Together, we’re doing the heavy lifting so merchants can focus on what’s most important: global growth.”

BigCommerce recently expanded its reach in Germany, Mexico, and Spain, according to a PYMNTS report, which will allow merchants to expand their direct-to-consumer (D2C) and business-to-business (B2B) platforms globally.

Read more: BigCommerce expands to Germany, Mexico and Spain

This expansion will add omnichannel capabilities and follow the launch in Italy, France and the Netherlands.

Meghan Stabler, vice president of international marketing at BigCommerce, said a robust and flexible e-commerce platform that can grow with business needs “is essential for merchants to gain a solid footing in the global increasingly digital today”.

She said the solution will prepare businesses to work with the changing market.

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NEW PYMNTS DATA: ACCOUNT OPENING AND LOAN SERVICE IN THE DIGITAL ENVIRONMENT

On: Forty-two percent of US consumers are more likely to open accounts with financial institutions that facilitate automatic sharing of their bank details upon sign-up. The PYMNTS study Account opening and loan management in the digital environmentsurveyed 2,300 consumers to explore how FIs can leverage open banking to engage customers and create a better account opening experience.

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