Flow, a leading solutions provider for next generation cross-border commerce, announced this week the expansion of its international payment options to support cryptocurrencies.
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The company is collaborating with leading cryptocurrency processor BitPay which securely process cryptocurrencies such as Bitcoin and Bitcoin Cash.
This will allow Flow customers to use more than 60 different payment methods across 200 countries on Flow’s platform.
Flow is continuing to broaden international payment options available on its platform to accommodate local market preferences.
While payment methods like Visa, Mastercard, and PayPal are popular in the U.S., alternative payment methods are growing globally.
Adapting alternative payment methods in international trade is critical to the success of cross-border commerce.
But this is not the first expansion towards “alternative” options atypical for the U.S. and other western countries. Flow already supports UnionPay, Alipay and WeChat Pay, which represent 85% of retail transactions in the Chinese market.
“We are consistently innovating and adapting our technology platform to enable retailers to provide a seamless and secure localized shopping experience for their customers anywhere in the world.
BitPay represents a new era in payment technology. Its addition to our platform not only extends our footprint into emerging digital payments but empowers retailers and brands to dramatically increase conversions by offering shoppers around the world their preferred payment method.”
Rob Keve, Co-Founder and CEO of Flow
Safety and Security
Flow’s comprehensive payments product provides retailers and brands full chargeback and fraud protection, complete configuration control by country, the ability to test payment preferences, and seamless integration into both existing web infrastructures and Flow-hosted checkout.
“As an addition to Flow’s platform, Bitcoin and Bitcoin Cash are ideal for international eCommerce payments making it easy to buy and sell goods from countries where traditional forms of payment are unavailable.
BitPay facilitates this process while also reducing the risk of chargebacks and fraud for a much lower cost than credit cards.”
Sonny Singh, Chief Commercial Officer at BitPay
With BitPay businesses receive fiat (standard currency) settlement directly to their bank account which significantly reduces cryptocurrency price volatility.
Trading partners also eliminate credit card fraud and identity theft risks on BitPay’s platform and can complete transactions from any computer or mobile device around the world.
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