Global-e appoints Paysafe as merchant acquirer

The comprehensive cross-border solutions company Global-e has appointed digital payment solutions provider Paysafe Group Plc (LSE:PAYS) as its merchant acquirer. Global-e, which has been using Paysafe’s processing gateway to deliver a frictionless payments experience to clients, will now benefit from a full suite of processing and settlement currencies through a single global operator.

Global-e enables retailers to transact locally with customers in more than 200 destinations worldwide through a fully localised and seamless, international user experience. The company provides a technology-based, end-to-end solution for online merchants to handle all their cross-border sales.

Global-e’s solution supports 60+ currencies, 45+ different payment methods, localised multi-lingual checkout, multiple shipping options and local duty and tax calculation. It works with a growing number of leading retailers, including Crabtree & Evelyn, Illamasqua and Astley Clarke.

The company secured a $20m investment earlier this year to support significant growth in the UK and Europe and consequently the business is expanding rapidly, with new brands such as Griffin Technology, Golf Support and many others being added on a weekly basis.

Paysafe has announced the launch of its UK acquiring capabilities in November 2014, and subsequently in Europe in May 2016. As a principal member of MasterCard Europe and Visa Europe, Paysafe directly acquires merchant accounts and processes transactions. Paysafe offers full-service, multi-territory European payment processing solutions to merchants based in all EEA countries, as well as UK merchant customers with an international presence in the EEA.

Andrea Dunlop, Paysafe

Andrea Dunlop, Paysafe

Commenting on the new partnership, Andrea Dunlop, CEO of Card Solutions and Acquiring at Paysafe, said:

We are delighted to add our merchant acquiring capabilities to the payment services we provide for Global-e – the company’s rapidly-expanding client list includes some of Europe’s best-loved retail brands. Paysafe places tremendous value on building long-term collaborations with partners such as Global-e, to offer enhanced solutions and client support to meet their evolving payment needs.”

Nir Debbi, co-founder and CMO, at Global-e, added:

Our clients are established brands and therefore their customers have exceptionally high expectations of any interaction, particularly when it comes to the payment process. The customer’s journey needs to be consistent regardless of device, location, currency or payment method. Having already benefited from Paysafe’s frictionless payment processing solution, we are now able to add its acquiring services, which provide us with a single point of contact to settle and process payments internationally. This allows us to streamline our operations and concentrate on maximising the customer experience on our platform.”

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