FedEx Rebrands Cross-Border E-Commerce Offering
March 24, 2016
FedEx this week relaunched its cross-border e-commerce service under the new brand FedEx CrossBorder. The Memphis, Tenn.-based shipping giant began offering e-commerce businesses that wanted to expand internationally cross-border processing, the ability to accept local currencies, translation services, compliance help and more when it acquired Bongo International in Dec. 2014. FedEx CrossBorder operates as a subsidiary of FedEx Trade Networks, the international freight forwarding unit of FedEx.
“Only about one-third of U.S. based global e-commerce sites accept foreign currencies, and research tells us that customers are more likely to abandon shopping carts that only show U.S. dollar pricing,” said Chip Hull, vice president of FedEx CrossBorder. “FedEx CrossBorder addresses international purchasing obstacles with a seamless checkout and delivery approach that accepts over 80 currencies, provides 15 payment options, manages multiple delivery options and offers credit card fraud protection, all through a single platform.”
The promise of e-commerce is a world without borders, but the reality is selling into other countries is complex and challenging. This year’s CNP Expo in May has multiple sessions focused on cross-border e-commerce in different regions and what it takes to operate there. Take a look at our entire agenda and register for the CNP Expo today.