• Competitor overview

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Global Payment Orchestration Platform to Increase Revenue & Reduce Costs

https://bluesnap.com/

Goal similar
To simplify global payment processing, reduce costs, and increase sales through their Global Payment Orchestration Platform.

In short
BlueSnap is a Global Payment Orchestration Platform that facilitates payment processing for businesses. It offers services like cross-border payments, fraud prevention, invoicing, billing, and various payment types and currencies. BlueSnap aims to reduce costs, increase sales, and optimize payment processes globally.

Description
BlueSnap provides a Global Payment Orchestration Platform designed to simplify payment processes for businesses, allowing them to accept payments from over 200 regions through a single integration. It emphasizes reducing costs, increasing sales, and optimizing payment processes. The platform supports a wide range of payment types and currencies, including global and cross-border payments. BlueSnap also offers features such as fraud prevention through Kount, chargeback management, compliance tools, and unified reporting. In addition, it includes capabilities for accounts receivable automation, invoicing, billing, virtual terminals, and Payfac-as-a-service solutions. BlueSnap's modular technology allows businesses to customize their payment solutions specific to their needs.

Strengths against Stripe
  • Global reach with acceptance of payments from over 200 regions, which surpasses Stripe's support for over 100 global payment methods and currencies.

  • Offers a modular payment orchestration platform that allows functionalities to be turned on or off by region, product, or payment type, providing high customization.

  • Specific solutions for invoicing and billing automation, potentially offering more streamlined and faster accounts receivable processes compared to Stripe's offerings.

  • BlueSnap offers local card acquiring in 47 countries to avoid cross-border fees, which could be seen as an advantage in reducing costs for certain businesses.

  • Comprehensive chargeback management tools are highlighted, which could provide businesses with better tools to dispute and win chargebacks.

  • Strong focus on providing payments expertise and personal support through Payments Experts, which may appeal to businesses seeking tailored advice and support.

Weaknesses against Stripe
  • Stripe has a more comprehensive suite of APIs and no-code tools, supporting seamless integration which may provide easier development and customization options compared to BlueSnap.

  • Stripe offers advanced identity verification systems which may surpass BlueSnap's offerings, particularly in the area of fraud prevention and advanced security features.

  • Stripe's capability to issue both physical and virtual cards is not explicitly mentioned in BlueSnap's offerings, suggesting a gap in card issuance services.

  • BlueSnap does not emphasize automated accounting, billing, and tax solutions, whereas Stripe provides these as part of its revenue automation services.

  • Stripe's platform is widely recognized for developer-friendly tools and extensive documentation. BlueSnap may not match Stripe's level of developer resources and community support.

  • While BlueSnap offers payment solutions, it does not mention supporting custom revenue models, which Stripe does support with its revenue automation tools.