Website design and builder firm Wix has enhanced its ecommerce solution by adding a number of capabilities, taking aim at market leader Shopify by giving SMBs an entire raft of tools to set up and run their e-shop without breaking the bank. Wix said the COVID-driven explosion in ecommerce accelerated its development plans.
Hoboken, NJ-based Flow has secured $37 million in Series B funding to drive its mission of helping businesses market, sell and ship to global consumers online by providing localized experiences. The funding will be used to build up product offerings, grow customer acquisition, add staff and expansion in the U.S. and Europe.
Over the last decade, booming global ecommerce has given small businesses around the world an opportunity to expand their reach in D2C. But this expansion does come with challenges, especially in the area of payments. See how State Cashmere addressed currency and taxation issues while freeing up working capital to fuel growth.
Foreign exchange (FX) or currency conversion is the lynchpin underlying international trade but many cross-border sellers lack the necessary level of expertise, ultimately leading to lost sales and disgruntled customers. Here are 5 things every cross-border seller needs to know when it comes to FX.
While Overstock.com announced last week that it has begun accepting Bitcoins as an online payment option, not all merchants are embracing the crypto-currency. The Chinese ecommerce platform Alibaba Group said in a statement that it has banned the controversial payment option from all its Taobao marketplaces.