WALTHAM, Mass., Dec. 12, 2019 /PRNewswire/ -- BlueSnap, an
online payments technology company, announced today that they have
made enhancements to their integration with Zuora, Inc., (NYSE:
ZUO) the leading cloud-based subscription management
platform.
The subscription economy is on the rise. B2B and B2C companies
rely on recurring revenue to grow their business, provide
predictability and respond to customer demand. With the eCommerce
subscription market growing by more than 100% per year over
the past five years, businesses need to provide superior end-to-end
experiences to compete and grow in today's competitive
landscape.
With the latest integration of BlueSnap's All-in-One Payment
Platform to Zuora, businesses have access to a single powerful
solution that supports global growth with quick and easy set up.
Such enhancements include:
- One account connecting merchants to up to 30 global banks to
increase authorization rates
- 100 shopper currencies to increase conversion rates and
- 17 payout currencies to reduce costs
- Latin America card
support
- SEPA Direct Debit
In addition, Zuora customers benefit from access to robust
security and reporting features such as:
- Level 2/3 data for B2B companies who wish to enhance
transaction details and reduce interchange cost
- 3-D Secure to protect sales and stay SCA compliant
- Synchronization of transaction data between BlueSnap and Zuora
for easy reconciliation and daily settlement reports
- Soft descriptors to help buyers identify purchases on billing
statements, reducing both cancellations and chargebacks
- Authorize reversals for canceling transactions before they
settle which decreases the cost of chargebacks and returns from the
cardholder
"Zuora was recently recognized as a leader in The Forrester
Wave™: SaaS Billing Solutions, Q4 2019 report. Companies choosing
Zuora have sophisticated recurring revenue models and need a
powerful payments platform to support their growth," said BlueSnap
CEO, Ralph Dangelmaier. "These
latest enhancements will help Zuora's customers to grow their
recurring revenue on a global scale without the increase in costs
typical of global expansion."
"Supporting our customers' access to a wide array of payment
methods and international banks is essential to their global growth
in the Subscription Economy," according to Chris Battles, Chief Product Officer of
Zuora. "Partnering with BlueSnap helps our customers to take
advantage of a $3.5 trillion global commerce opportunity."
For more information on BlueSnap and Zuora, please visit our
integration information page.
About Zuora, Inc.
Zuora provides the leading
cloud-based subscription management platform that functions as a
system of record for subscription businesses across all industries.
Powering the Subscription Economy®, the Zuora® Central platform was
architected specifically for dynamic, recurring subscription
business models and acts as an intelligent subscription management
hub that automates and orchestrates the entire subscription
order-to-cash process, including billing and revenue recognition.
Zuora serves more than 1,000 companies around the world, including
Box, rogers, Schneider, Electric, Xplornet and Zendesk.
Headquartered in the Silicon Valley, Zuora also operates offices
around the world in the U.S., EMEA and APAC. To learn more about
the Zuora platform, please visit www.zuora.com.
About
BlueSnap
BlueSnap provides an All-in-One Payment Platform designed to
increase sales and reduce costs for B2B and B2C businesses. Our
Platform supports online and mobile sales, marketplaces,
subscriptions, invoice payments and manual orders through a virtual
terminal. With a single integration to our Platform, businesses can
accept any payment with ease. The Platform includes access to 110
payment types, including popular eWallets, built-in world-class
fraud prevention to protect sales and detailed analytics to help
businesses grow. Based in Waltham,
MA, BlueSnap is backed by world-class private equity
investors including Great Hill Partners and Parthenon Capital
Partners. Learn more at home.bluesnap.com.
Media Contact:
Amy Dardinger
adardinger@sspr.com
872.762.3094
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SOURCE BlueSnap