Wix Partners With Global-e To Help Online Merchants To Expand Their Global Reach And Seamlessly Sell Internationally
Portfolio Pulse from Benzinga Newsdesk
Wix.com Ltd. (WIX) has partnered with Global-e Online Ltd. (GLBE) to offer Wix merchants an advanced solution for international cross-border selling. This partnership aims to simplify international payments, shipping, tax, and compliance for Wix merchants, enabling them to expand globally. Key features include multi-currency selling, localized checkout experiences, advanced tax and duty setup, country-specific pricing, enhanced payment processing, streamlined global operations, and access to local market insights.
February 20, 2024 | 2:08 pm
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POSITIVE IMPACT
Global-e's partnership with Wix positions it as a key player in enabling international eCommerce for Wix merchants. This collaboration could increase Global-e's exposure and usage among Wix's extensive merchant base, potentially driving up its transaction volumes and revenue.
By partnering with Wix, Global-e gains access to a large and growing base of eCommerce merchants looking to expand internationally. This could lead to increased usage of Global-e's services, driving transaction volumes and revenue growth.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Wix's partnership with Global-e is set to enhance its eCommerce capabilities, offering merchants tools for easy global expansion. This strategic move could attract more merchants to the platform, potentially boosting Wix's market share in the eCommerce platform sector.
The partnership directly enhances Wix's value proposition to current and prospective merchants by simplifying international expansion, which is a significant growth driver in the eCommerce sector. This could lead to increased user adoption and retention, positively impacting Wix's financial performance.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90