BlueSnap Named a Preferred Payments Partner for Zuora
BlueSnap has been announced as a preferred payment partner for Zuora (NYSE: ZUO), extending their partnership that began in 2015. The integration enables businesses to automate global payments acceptance for subscription and recurring billing processes, with local card acquiring available in over 40 countries.
The partnership offers several key features including Automatic Account Updater to maintain current payment information, improved authorization rates, simplified reconciliation, and unified reporting. Businesses can access preferred global payment methods and currencies, along with local acquiring in new markets, all within a native Zuora experience.
BlueSnap è stato annunciato come partner di pagamento preferito per Zuora (NYSE: ZUO), estendendo la loro collaborazione iniziata nel 2015. L'integrazione consente alle aziende di automatizzare l'accettazione dei pagamenti globali per i processi di fatturazione in abbonamento e ricorrente, con l'acquisizione di carte locali disponibile in oltre 40 paesi.
La partnership offre diverse funzionalità chiave, tra cui Automatic Account Updater per mantenere le informazioni di pagamento aggiornate, tassi di autorizzazione migliorati, riconciliazione semplificata e reportistica unificata. Le aziende possono accedere ai metodi di pagamento e alle valute globali preferiti, insieme all'acquisizione locale in nuovi mercati, tutto all'interno di un'esperienza nativa di Zuora.
BlueSnap ha sido anunciado como socio de pago preferido para Zuora (NYSE: ZUO), ampliando su asociación que comenzó en 2015. La integración permite a las empresas automatizar la aceptación de pagos globales para procesos de facturación por suscripción y recurrente, con adquisición de tarjetas locales disponible en más de 40 países.
La asociación ofrece varias características clave, incluyendo Automatic Account Updater para mantener actualizada la información de pago, tasas de autorización mejoradas, conciliación simplificada e informes unificados. Las empresas pueden acceder a métodos de pago y divisas globales preferidos, junto con adquisición local en nuevos mercados, todo dentro de una experiencia nativa de Zuora.
BlueSnap이 Zuora (NYSE: ZUO)의 선호 결제 파트너로 발표되었으며, 이는 2015년 시작된 파트너십을 확장한 것입니다. 이 통합은 기업들이 구독 및 반복 청구 프로세스를 위한 글로벌 결제 수락을 자동화할 수 있게 하며, 40개국 이상에서 현지 카드 수집이 가능합니다.
이 파트너십은 Automatic Account Updater를 포함하여 최신 결제 정보를 유지하고, 개선된 승인 비율, 간소화된 조정, 통합 보고서를 제공하는 여러 주요 기능을 제공합니다. 기업들은 선호하는 글로벌 결제 방법 및 통화에 접근할 수 있으며, 새로운 시장에서 현지 수집도 가능하여 모두 Zuora의 원주율 경험 내에서 이루어집니다.
BlueSnap a été annoncé comme partenaire de paiement privilégié pour Zuora (NYSE: ZUO), prolongeant leur partenariat qui a débuté en 2015. L'intégration permet aux entreprises d'automatiser l'acceptation des paiements mondiaux pour les processus de facturation par abonnement et récurrents, avec une acquisition locale de cartes disponible dans plus de 40 pays.
Le partenariat offre plusieurs fonctionnalités clés, y compris Automatic Account Updater pour maintenir les informations de paiement à jour, des taux d'autorisation améliorés, une réconciliation simplifiée et un reporting unifié. Les entreprises peuvent accéder à des méthodes de paiement et des devises mondiales privilégiées, ainsi qu'à des acquisitions locales sur de nouveaux marchés, le tout dans une expérience native Zuora.
BlueSnap wurde als bevorzugter Zahlungspartner für Zuora (NYSE: ZUO) bekannt gegeben und erweitert damit ihre Partnerschaft, die 2015 begann. Die Integration ermöglicht es Unternehmen, globale Zahlungsannahmen für Abonnement- und wiederkehrende Abrechnungsprozesse zu automatisieren, wobei die lokale Kartenerfassung in über 40 Ländern verfügbar ist.
Die Partnerschaft bietet mehrere wichtige Funktionen, darunter Automatic Account Updater, um aktuelle Zahlungsinformationen zu erhalten, verbesserte Genehmigungsquoten, vereinfachte Abstimmungen und einheitliche Berichterstattung. Unternehmen können auf bevorzugte globale Zahlungsmethoden und Währungen zugreifen sowie lokale Akquisitionen in neuen Märkten, alles innerhalb einer nativen Zuora-Erfahrung.
- Partnership enables local card acquiring in 40+ countries
- Automatic Account Updater feature helps prevent lost sales from expired cards
- Integration streamlines global payment operations and reporting
- None.
Insights
The partnership extension between Zuora and BlueSnap represents a strategic move to enhance Zuora's payment capabilities, but its immediate financial impact appears While this collaboration could help Zuora attract more global enterprise customers and potentially increase transaction volumes, the partnership has been ongoing since 2015, suggesting this is more of a formalization of existing arrangements rather than a new revenue stream.
The integration's focus on improving authorization rates and reducing acceptance costs could marginally improve Zuora's value proposition, particularly for international clients. However, without specific financial terms or revenue-sharing details, the material impact on Zuora's bottom line remains uncertain. The enhanced global payment capabilities and automated account updating features may help reduce customer churn, but this is likely to be gradual rather than transformative.
The global subscription economy continues to expand rapidly, making payment processing efficiency increasingly critical. BlueSnap's local card acquiring capabilities in 40+ countries align well with Zuora's international growth strategy. The partnership addresses key pain points in cross-border transactions and recurring billing management.
However, Zuora faces strong competition in the subscription management space from players like Stripe and Chargebee, who also offer robust payment solutions. While this partnership strengthens Zuora's offering, it's more of a necessary feature parity move rather than a distinctive competitive advantage. The market's response is likely to be neutral as this represents an evolution of an existing relationship rather than a game-changing development.
Businesses using Zuora for subscriptions and recurring billing can integrate their financial operations with BlueSnap to enhance their global payment capabilities
By integrating Zuora with BlueSnap, businesses can automate global payments acceptance for their subscription and recurring billing processes, accepting payments all over the world with local card acquiring in 40+ countries. With BlueSnap and Zuora, customers can improve authorization rates, simplify reconciliation, and unify reporting, all within a native Zuora experience.
Henry Helgeson, CEO at BlueSnap says: "Integrating payments with software platforms enhances our customers' experience, delivering a seamless solution for managing payments globally. This integration eliminates the complexity of handling multiple payment gateways and providers globally while reducing the overall cost of acceptance to Zuora customers.”
Businesses using BlueSnap with Zuora receive a multitude of benefits, including helping to drive more predictable revenue. With Automatic Account Updater, BlueSnap automatically updates customer payment information to keep it up to date. For example, when a card expires or changes, businesses won’t lose sales, resulting in higher authorization rates.
With clearer visibility and robust reporting, businesses can streamline operations, enhance planning and accelerate global subscription sales, tapping into preferred global payment methods and currencies buyers want, and local acquiring in new markets.
Daniel Enekes, VP, Global Alliances at Zuora says: “Together with BlueSnap, we’re able to offer customers a positive payment experience across multiple regions. We look forward to continuing our partnership with BlueSnap as we work together to help our customers unlock their full potential and succeed globally."
About BlueSnap
BlueSnap helps businesses accept global payments a better way. Our Global Payment Orchestration Platform is designed to increase sales and reduce costs for all businesses accepting payments online. BlueSnap is backed by world-class private equity investors including Great Hill Partners and Parthenon Capital Partners. Learn more at BlueSnap.com.
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For all inquiries, please contact bluesnap@hardnumbers.co.uk
Source: BlueSnap
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