To assist global expansion, Wix.com develops own proprietary billing system

When entering new markets, localization and creating a uniform experience for a global customer base can be a challenging and rigorous task, but when done correctly it can prove to be rewarding.

In order to offer a coherent payment and billing experience to assist in its global expansion, web design and Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term platform Wix.com has developed its own proprietary billing system to integrate into its local payment gateways around the world. Wix.com utilizes nine gateways to provide its premium services in the US, Europe, Latin America, Russia and Brazil. The billing system will be integrated into all of the gateways Wix.com uses around the world.

Global expansion and entering new markets means companies must tailor themselves to support local payment methods, like Brazil’s Boleto Bancario for example. Because of these local payment methods, the recurring Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term for subscriptions and domain-names for example becomes a complicated procedure. To not be dependent on 3^rd party solutions from international gateways, Wix.com decided to develop a solution in-house, and is PCI level 1 compliant.

“We are a technology-driven growth company. A primary vehicle for that growth lies in our ability to further expand globally in target markets, each one posing a new set of challenges. From product through payments to support, we work to localize the Wix experience for our users in every possible way. Not being able to find a solid payment solution for our new markets was slowing us down – something that we could not accept. So we did what we do best: we developed our own technological solution, which is already being successfully used by us and gaining interest from third party partners," says Nir Zohar, Wix President & COO.

The billing system integration will give Wix.com’s 49 million users spread over 190 countries the ability to upgrade to a premium subscription, purchase domains, and premium App packages with the local methods of payment they know and trust. By abiding to this notion Wix.com has demonstrated a 70% increase in its processing success rate in Brazil, one of the more challenging markets to enter.

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