Source: Pivotal Payments
GlobalOnePay, a division of Pivotal Payments offering global omni-channel payment processing technologies and merchant services, today announced an agreement with IntegraPay, a leading payment services provider, to offer local, full domestic acquiring services in Australia and New Zealand.
In addition to offering US, Canadian and European local acquiring, GlobalOnePay now makes it easy to expand into the lucrative Australian and New Zealand eCommerce markets. Online merchants can select the new countries in their client dashboard with a simple click, a seamless process that involves no third-party payment gateways or integrations.
Australian eCommerce has shown significant growth, with total online sales forecasted to exceed USD $32 billion in 2017. More than half of that figure is attributed to overseas-based website purchases. Fuelled by high internet usage - 85% of the population of nearly 24 million have access - and significant mobile shopping via smartphones and tablets, Australia represents a key opportunity for cross-border merchants.
For North American business owners looking to expand internationally, Australia and New Zealand are very favorable markets due to cultural and economic similarities with North America - and English is the majority language for both countries.
Benefits of GlobalOnePay’s domestic transaction processing include:
• One-click access to rapidly growing eCommerce markets
• Higher approval ratios and lower chargebacks
• Lower interchange rates and cross-border fees
• Reduced risk and fraud related to cross-border transactions
"IntegraPay has been instrumental in helping us offer our merchants and partners direct access to Australia and New Zealand," said John Hughes, general manager of GlobalOnePay. "Our objective is enabling quick and easy expansion into new countries or regions, making it effortless to do business in local, foreign markets."
"We are excited to partner with a global payments leader in GlobalOnePay, further enhancing its platform’s cross-border payments capability," said Chris Urry, chief executive officer of IntegraPay. “Combined, our solutions improve the way eCommerce businesses perform overseas, increasing sales, lowering transaction costs and helping to retain more profit.”