The pandemic has continued to boost eCommerce shopping according to Ecwid and as a result, the e-commerce specialist has entered several partnerships with payment providers such as PayPal Holdings Inc. (NASDAQ:PYPL).
Ecwid inks partnership deals with more payment providers
Ecwid is a software-as-a-service provider that works with businesses offering components parts of eCommerce infrastructure including web hosts, site-builders, payment providers, and point of sale firms in developing solutions for small enterprises. In its research, Ecwid established that new sign-ups jumped 143% in Europe during the first half of 2020. BuiltWith’s competitive analysis research indicates that Ecwid’s users’ growth is up 200% this year owing to the pandemic-induced demand increase for online shopping
Already Ecwid is working closely with Stripe and its latest partnership deals will make the platform more attractive to smaller businesses that are looking to improve their capacity to offer their products and services online. The partnership deals also include the other five big players on the payment provision front across Europe including Giropay which offers payment and verification solutions, iDeal online payments solutions provider, and SOFORT which offers bank transfer services. Also, installments payment specialists, Klarna, and cashless payment provider SEPA are part of the collaboration.
PayPal Plus part of the partnership deals list
Interestingly the biggest name addition to the collaboration deals is PayPal Plus. PayPal Plus allows a business to accept local payment methods from their e-commerce platforms with ease. The service provides convenience to the merchants since it doesn’t need shoppers to login into PayPal.
Ruslan Fazlyev, Ecwid’s CEO said that the pandemic has made the company’s goal to democratize access to eCommerce tech tools more meaningful and vital. He said that the ability to help small enterprises globally to transition online easily and leverage key marketplaces, as well as access different payment solutions, has enabled the company to be a chosen provider. On the other hand, the company has managed to meet the needs of new eCommerce companies.