Solidgate and Airwallex to give merchants local acquiring as they expand into new markets globally

This partnership between Solidgate and Airwallex makes it significantly easier for retailers to sell to customers in international markets without the high costs of cross-border transactions. For your business, this means you can offer local payment methods and process transactions through local banking networks in Europe, the UK, and beyond. By using 'local acquiring,' you avoid the high fees and low conversion rates often associated with international credit card processing. The technical integration allows merchants to bypass the complexity of setting up separate bank accounts in every country where they want to sell. Instead, you can provide a seamless checkout experience that feels local to the customer, which is proven to reduce cart abandonment. As consumer financing and alternative payment methods become more localized, having an infrastructure that supports these diverse payment types is critical for any merchant looking to scale outside of their home country. This update simplifies the back-end plumbing of global commerce so you can focus on inventory and marketing.

Source: Finextra — Lending

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