UpClick, the eCommerce solution provider specializing in conversion funnel optimization, has added additional payment methods in collaboration with GlobalCollect to its platform to adapt to increased international growth in the online software industry.
Through its partnership with GlobalCollect, the world's premier payment service provider of local e-payments, UpClick will open up APAC and Latin American markets to its clients and offer alternative payment options in mature markets like Europe and North America, to help monetize untapped customer segments. New international payment options will include real-time and off line bank transfers, cash payments and local direct debit cards such as: Boleto Bancário (cash payment) in Brazil and SofortÜberweisung (real- time bank transfer) in Germany.
Both UpClick and GlobalCollect strongly advocate that online merchants will miss out on sales if they do not accept alternative forms of payment preferred by local consumers. For example in Germany, where less than 10% of online sales are paid for with credit cards; or in Latin America (expected to boast an e-commerce turnover of US $ 30 billion in 2010) where, according to the World Bank, only 30% of adults have a bank account (as opposed to 91% in the US) - showing how crucial offering alternative payment methods are for e-commerce merchants to succeed in this market.
By continually adding to its global coverage and with adoption of local options, UpClick aims to cultivate an international banking network that will promote higher conversion rates in every country. “For instance in many European countries, financial institutions issue their own branded payment tools that are used by a majority of the local population, and are preferred over global payment methods such as Visa or MasterCard. Through this partnership with GlobalCollect we bring together local payment methods with the other localization features: IP geo-detection, pricing in local currency and language, to provide our clients with a complete package that optimizes the last mile of the conversion funnel.” said Michael Dadoun, CFO and Co-founder of UpClick.
UpClick will be attending the Merchant Risk Council’s 2010 Annual eCommerce Payments and Risk Conference sponsored by GlobalCollect at the Wynn Las Vegas, this month.
Founded in 2006, UpClick (upclick.com) was born of an inhouse checkout that helped drive the success of software ebusinesses, generating yearly online revenues of over $100M. Since then, UpClick has evolved to provide clients with full service eCommerce solutions that maximize their eStore’s earnings per click.
UpClick offers a complete payment processing platform that delivers expertise in conversion funnel optimization for select merchants in the software industry. By focusing its resources on a few select clients, UpClick provides a premium eCommerce solution with full service support and granular level optimization services. All solutions are customized to a client’s desired level of service, and supported by a team of eMarketing experts.
UpClick is privately owned and employs over 120 people with headquarters located in Montreal, Canada.
GlobalCollect (globalcollect.com) is the world's premier Payment Service Provider of local e-payment solutions for international Customer Not-Present (CNP) channels such as internet, mail, and telephone orders, and specialized in a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online gaming, and digital content. While most providers limit their services to a technical link with payment acquirers, GlobalCollect is a full service partner consulting clients on how to increase transaction volumes, expand distribution channels, and reduce costs by streamlining back office processes. Through a single-interface online payment platform, we offer access to an unrivalled portfolio of local and international payment methods in over 200 countries, including all major credit and debit cards, direct debits, bank transfers, real-time bank transfers, eWallets, cash at outlets, prepaid methods, checks, and invoices.