ATLANTA, Nov. 21, 2019 (GLOBE NEWSWIRE) -- 2Checkout, the leading all-in-one monetization platform for global businesses, today announced an extended partnership with PagBrasil, a leading fintech company, focused on effective payment processing in Brazil. Expanding upon the success of local payment processing through PagBrasil for the merchant of record (reseller) model, 2Checkout now extends the availability of local payment methods for merchants using the payment service provider (PSP) model.
2Checkout makes it possible for international eCommerce businesses to increase sales and seamlessly enter into the largest online market in Latin America. 2Checkout is now offering local processing of Boleto Bancario, credit cards with installments, Elo Card and HyperCard, for merchants employing the PSP model and targeting the Brazilian market. In addition, merchants employing 2Checkout’s newer ordering engines, ConvertPlus and Inline Cart, will also benefit from an enhanced local offering in Brazil, including acceptance of credit cards with installments and Boleto Bancario.
The majority of credit cards in Brazil are limited to national purchases, therefore offering local payment processing in Brazil is a must. In addition, credit cards with installments are extremely popular, representing 75% or more of all credit card payments, according to PagBrasil. 2Checkout’s enhanced offering will improve payment authorization rates by at least 20% and will nearly double cart conversion rates, benefitting businesses and customers through an improved checkout experience.