- Partnership will enable cross-border payments provider to process cryptocurrency payments
- Expanded service will open new opportunities for international e-commerce businesses
- Merchants should benefit from safer, cheaper, more flexible customer payment options
International payments platform Flow has joined forces with leading cryptocurrency facilitator BitPay to allow merchants greater flexibility in cross-border payments.
E-commerce brands and retailers using the Flow platform can now process cryptocurrency payments from customers all over the world with BitPay’s processing capabilities.
Flow offers online merchants a way to expand their businesses globally by enabling a streamlined supply chain and international fulfilment process. Flow can be adapted to e-commerce businesses of any size and provides retailers with options suited to their needs, from total end-to-end management to modular solutions.
The partnership with BitPay, one of the world’s leading cryptocurrency processors, will allow Flow merchants to expand their cross-border payments offerings to customers by accepting cryptocurrency. BitPay joins more than 60 other payment choices currently available to Flow users, including Alipay, UnionPay and WeChat Pay.
“BitPay represents a new era in payment technology,” said Rob Keve, co-founder and CEO of Flow. “Its addition to our platform not only extends our footprint into emerging digital payments but empowers retailers and brands to dramatically increase conversions by offering shoppers around the world their preferred payment method.”
According to officials, BitPay will offer merchants greater security when conducting international money transfers, as well as reducing fees associated with cross-border payments.
“As an addition to Flow’s platform, Bitcoin and Bitcoin Cash are ideal for international e-commerce payments, making it easy to buy and sell goods from countries where traditional forms of payment are unavailable. BitPay facilitates this process while also reducing the risk of chargebacks and fraud for a much lower cost than credit cards,” said BitPay Chief Commercial Officer Sonny Singh.
To learn more about international money transfers for your business, browse our resources here.
