What are Cross-Border eCommerce Platforms? Cross-border eCommerce platforms provide businesses with the tools to effectively sell goods internationally. These platforms contain solutions to calculate tariff and duty fees, carry out currency conversions, implement localization services, estimate shipping costs, provide a means to collect money from foreign financial entities, and keep records of transactions and customers. Cross-border eCommerce platforms share many features with eCommerce ...
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Cross-border eCommerce platforms provide businesses with the tools to effectively sell goods internationally. These platforms contain solutions to calculate tariff and duty fees, carry out currency conversions, implement localization services, estimate shipping costs, provide a means to collect money from foreign financial entities, and keep records of transactions and customers.
Cross-border eCommerce platforms share many features with eCommerce platforms in that they provide a means for businesses to display goods and services and for consumers to purchase. These platforms are often integrated with related software including payment gateway software and shipping software.
Cross-border eCommerce platforms can be leveraged by any company with a global customer base. This can include business-to-consumer (B2C) companies like retailers, business-to-business (B2B) companies, or between private individuals (consumer-to-consumer, or C2C). In most cases, these platforms are implemented and managed by supply chain and logistics managers who oversee important logistical operations of global businesses.
Some common features among cross-border eCommerce platforms include:
One factor that will have a major impact on what cross-border eCommerce platform is best suited for a given organization is the organization’s total revenue. For smaller businesses, a leaner product with fewer advanced functionalities would likely be appropriate.
However, for larger corporations, a more robust solution may be necessary. Robust solutions will likely be too costly for smaller businesses with less revenue.
Prospective buyers should also consider what amount of IT resources will be needed to implement and maintain the platform. Companies that have little to no IT bandwidth should go with a product that has strong and reliable technical support (likely at a higher cost) to make sure that the product functions properly.
Buyers can expect one of two common pricing structures for cross-border eCommerce platforms. Some solutions offer a monthly flat fee which is determined by the desired level of service.
Other platforms offer a pricing structure that is determined by a percentage of total sales made through the platform. For the majority of cross-border eCommerce platforms, however, prospective buyers will need to contact the vendors directly for a custom price quote.
Some popular cross-border eCommerce platforms include:
