Wix Launches Extended eCommerce Solution

Rhea-AI Summary

Wix.com (Nasdaq: WIX) has launched an extended eCommerce solution aimed at empowering merchants and entrepreneurs across various sectors. Key features include customizable storefronts, multi-channel sales, dropshipping, and integrated payment processing via Wix Payments. Enhanced offerings come with Ascend by Wix, a complete CRM suite, and Corvid by Wix, a web development platform. The new solution is designed to support business owners in navigating the growing online shopping demand, providing tools for finance management, sales, fulfillment, and analytics.

Positive

• Launch of an extended eCommerce solution enhances Wix's offerings.
• Features like customizable storefronts and integrated payment solutions can attract more merchants.
• Wix invested in acquiring InkFrog for improved marketplace integrations.
• Addition of comprehensive tools supports businesses in scaling effectively.

Negative

• None.

NEW YORK, June 30, 2020 /PRNewswire/ -- Wix.com, Ltd. (Nasdaq: WIX), the leader in website creation, announced today the launch of an extended eCommerce solution.

The new Wix eCommerce solution provides merchants, entrepreneurs and retail brands of all sizes must-have features like customizable branded storefronts and carts, multi-channel sales, hassle-free dropshipping, native payment processing at competitive rates with Wix Payments, professional analytics and report creation, extensive shipping and fulfillment capabilities, and more. The extended eCommerce solution can be further enhanced with Ascend by Wix, a complete CRM and marketing product suite, and Corvid by Wix, a comprehensive web development platform.

"Now more than ever, owners need a comprehensive platform to move every aspect of their business online," said Avishai Abrahami, Co-founder and CEO. "Online shopping has entered a stage of hyper growth, and businesses need the resources to meet this increasing demand. From selling products or services and getting paid online, to managing finances, fulfillment, sales channels and more, our new eCommerce functionalities are designed to help our customers sell anything, anywhere."

The Wix eCommerce solution allows retailers, brands and merchants to build and scale their eCommerce business, from optimized shopping and payment experiences for customers, to business and finance management tools. It includes:

• Online store with customizable branded storefront, cart and checkout.
• Access to thousands of high-quality products and seamless dropshipping with Modalyst.
• Multi-language site and in-cart multi-currency convertor.
• Product subscriptions for recurring revenue from product sales.
• Automated sales tax calculations with Avalara.
• Secure payment solutions for a variety of businesses, including CBD, events and more.
• Integrated payment management and competitive payment processing rates with Wix Payments.
• Integrated sales channels including social media and marketplaces.
• Streamlined order and fulfillment management through a single platform.
• USPS shipping integration with up to 70% discount on shipping rates.
• Extensive shipping & fulfillment solutions, including integration with warehousing and 3PL services powered by Corvid by Wix.
• Integration with Ascend by Wix, a complete CRM and marketing product suite.
• Customizable business automations, like abandoned cart recovery.
• Advanced business reports with out-of-the-box reports and the ability to customize or create your own.
• A variety of professional eCommerce partner apps in the Wix App Market.

Wix invested heavily in extending its eCommerce capabilities, including acquiring inkFrog to enable marketplace and sales channel integrations, as well as adding many more professional eCommerce partner apps in the Wix App Market. Partner apps include solutions for dropshipping with Modalyst, print on demand with Printful and Printify, fulfillment with Shippo, ShipBob and other local and international fulfillment partners, customer reviews with KudoBuzz, loyalty and rewards with Smile.io, Google Shopping & Search ads with AdScale, and more.

"In two years, my business went from just me and my Wix site to 40 employees, my own fulfillment center and over 22 million dollars in revenue," said Crystal Etienne, Founder and CEO of Ruby Love. "From the beginning, I built my business on Wix and use the same template to this day. As Ruby Love grew, we started to rely on more of Wix's eCommerce features like custom shipping rules, real-time order tracking and integrated shipping labels. The ability to scale my business on a single, comprehensive platform has allowed us to grow faster and bigger than I ever imagined."

To further empower business owners, Wix launched the Wix eCommerce School. Through this portal, users can access live and on-demand sessions to learn from successful Wix merchants, eCommerce agencies and insider experts.

To learn more about new Wix's eCommerce solutions and start selling today visit www.wix.com/ecommerce.

About Wix:
Wix is leading the way with a cloud-based development platform for over 170 million registered users worldwide. Wix was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, the Wix website builder and complete product platform empowers millions of businesses, organizations, artists and individuals to take their businesses, brands and workflow online. The Wix Editor, Wix ADI, a highly curated App Market, Ascend by Wix and Corvid by Wix enable users to build and manage a fully integrated and dynamic digital presence. Wix's headquarters are in Tel Aviv with offices in Be'er Sheva, Berlin, Dnipro, Dublin, Kiev, Los Angeles, Miami, New York, Phoenix, San Francisco, São Paulo, Tokyo and Vilnius.

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SOURCE Wix.com Ltd.

FAQ

What are the new features of Wix's eCommerce solution?

The new features include customizable storefronts, multi-channel sales, dropshipping, integrated payment processing with Wix Payments, professional analytics, and extensive shipping solutions.

How does Wix aim to help businesses with its eCommerce platform?

Wix aims to help businesses by providing tools for finance management, sales fulfillment, and analytics to meet the increasing demand for online shopping.

When was the extended eCommerce solution launched by Wix?

Wix launched the extended eCommerce solution on June 30, 2020.

What is the significance of Wix Payments in the new eCommerce solution?

Wix Payments offers competitive rates for payment processing, enabling merchants to streamline transactions and manage payments effectively.

What companies has Wix recently acquired to enhance its eCommerce capabilities?

Wix recently acquired InkFrog to improve marketplace and sales channel integrations.