It goes without saying that the cross-border ability to reach billions of consumers around the world presents a tremendous opportunity for businesses. However, retailers are faced with pitfalls in the payment process, resulting in more abandoned carts than ever. Here is how retailers looking to go cross-border with their business can avoid these payment headaches in the shopping cart.
What’s on your to-do list? If you’re thinking about expanding into cross-border, it’s probably filled with the basics like keeping on top of currency conversions, duties and taxes, international advertising, and a mountain of other concerns. But what about discovering which items in your inventory can legally be shipped where? These are three important considerations when expanding into the cross-border world.
During the last few years, more online marketplaces have been emerging globally, offering retailers even more avenues to sell products, compete and expand their footprint internationally. To remain competitive in this changing landscape, there are three key considerations that U.S. retailers should take into account to help successfully optimize their international strategy and provide a positive shopping experience for consumers.