Alex Edwards

Optimising Foreign Exchange For Online Sellers

Optimising Foreign Exchange For Online Sellers

One of the many advantages for retailers trading online is the opportunity to reach a new, much larger, international consumer base. Selling online means you can cross borders with relative ease, promoting business growth and improvement in new markets. Experts have predicted that by 2020, 50% of global consumers will conduct their purchases online – a staggering statistic that goes to show the opportunity to be seized here. In the United States, meanwhile, the average online spend already amounts to over $1,000, and is set to rise further. However, online selling isn’t entirely straightforward, and currency exchange is one area that can end up costing retailers if it isn’t adequately addressed. For anyone tackling foreign payments for the first time, here are some tips for getting it righ... »