Shannon is responsible for Nuvei's North American eCommerce strategy and implementation. He heads up the channel's direct eCommerce sales, ISV-Payfac sales and card not present partnerships. Shannon has worked for both startups and large fortune 500 companies over the last 20 years, creating new sales and distribution channels and strategic partnerships that meet corporate objectives.
An effective eCommerce site lets you reach potential customer anywhere, but your ability to accept payments from other countries will determine your international growth potential. Work with a processing partner who will help you push further into the cross-border markets.
As an ISV, you undoubtedly understand the value of embedding payment processing in your software solution. You need to ensure your processing remains PCI compliant to not only get started but keep providing this service to clients. Read on to understand more about your compliance duties.
Independent software vendors face a changing competitive landscape. Every day, more companies are offering cloud-based solutions, developing products for general use and niche businesses. To keep up and grow, it makes sense to transition to a software as a service business model. For this to work, though, you need to understand what the change means for you.
As a SaaS company, you are consistently looking for ways to drive revenue. One tried and true path is to become a payment facilitator, processing payments on behalf of your clients. While this creates a powerful opportunity for you, you need to know what you are getting into before you start. Learn more below about what to expect when you follow this route.
In some ways, partnering with an independent software vendor is a no-brainer for software resellers. But, this only works to their benefit when they find the right partner. As an ISV, you can make yourself more valuable, and create more partnership opportunities, by demonstrating you can meet particular needs a software reseller will have.
With the COVID-19 pandemic escalating, isolation and social distancing have been put into place in many countries. The outbreak of novel coronavirus has already made an impact to the economy, and on consumer behavior as people are opting—or have no choice—to choose online options to make their purchases.
As an independent software vendor, you know your market is not limitless. With all the products available to your clients, you need to work harder than ever to stand out and continue to grow. You should keep working to gain new customers, but acquiring market share and building revenue become your best growth paths. With that in mind, focus on these tips to grow in a saturated market.
In Canada, March is fraud prevention month. You shouldn't need a calendar-based reason, of course, but that makes this an excellent time to look at what you are doing to prevent fraud in your business. Financial criminals find new ways every day to steal online. Shoring up your business practices can help protect you and your customers.
If you are operating as a SaaS provider, you know the importance of payment processing in your platform. To truly compete in this space, you should have—or be developing—these five features. Not only will they set you apart, but they will help you serve your clients better.