Reach is a payment gateway that specializes in international payments and offers excellent functionality to offer the best possible service to its clients. The platform employs smart routing and fast checkout for cost efficiency and convenience for customers, thus increasing the customer base of businesses. The solution targets companies that wish to sell their products and services throughout the globe but encounter different hurdles in the course of their promotion and development.
The service is designed to increase e-commerce conversions, while also reducing the cases of fraud and providing real-time foreign exchange. The system was developed with scalability in mind and remains robust and reliable even when the company sales grow fast. It is one of the most trustworthy providers in the segment of cross-border payments. The brand has earned a good reputation among large and renowned companies, which use its services with pleasure.
The highlights of the platform
It is worth noting the main product developed by the proprietary team of developers, which is known as the Merchant of Record (MOR) network. It helps companies open new markets globally without the necessity to register a foreign legal entity. Since it’s a hard and expensive procedure, the platform helps to economize on it. Reach partners can literally reach their clients at a low cost in any country thanks to the infrastructure that is offered to them at good terms, and this possibility is the cutting edge for many enterprises.
The settlements are conducted in the currency of the region contributing to better sales and better conversion of merchants, which can establish and preserve low prices dealing with this payment provider.
Reach offers a variety of integration options to meet the needs of different businesses. The platform is built on a REST API, which allows for easy integration with your existing systems. Reach also provides plugins for popular e-commerce platforms, including Shopify, Magento, and WooCommerce.
In addition, Reach offers a customizable checkout page that can be integrated directly into your website or mobile app. This allows for a seamless and branded checkout experience for your customers. Overall, the system provides flexible and customizable integration options to make international payments seamless and affordable for businesses, regardless of size.
Benefits of the system
The use of a third-party MOR service can have cost-saving benefits. Acting as a middleman between a company and its customers, it handles the payment process. It also assumes responsibility for the business. By utilizing the MOR model offered by Reach, merchants, and companies can process payments locally through their international entity structure, which works as a processing hub for companies from different countries of the world. This approach can also result in lower fees, fewer false declines, and higher approval rates for transactions.
Reach uses advanced machine learning algorithms and other technologies to detect and prevent fraudulent activities in real time, thus minimizing the risks of fraud and chargebacks for businesses.
Reach also provides customizable fraud filters and risk management tools, allowing businesses to tailor their fraud prevention strategies to their specific needs and requirements. Additionally, Reach offers chargeback management services to help businesses respond to and resolve chargebacks quickly and efficiently. Overall, the company is committed to providing comprehensive and effective fraud prevention solutions to help businesses mitigate risks and protect their revenue.
The platform’s fees
With Reach, you can access a wide range of payment methods as it supports over 100 payment methods across the globe, including in-country payments for more than 20 countries. The platform managers understand that retailers require important payment methods that are suitable for their business needs. At Reach, the best payment methods are offered for retailers.
The platform enables payment processing in 135+ currencies, which means that you can charge your customers in their native currency while receiving funds in your preferred currency. This helps you to avoid any currency exchange fees and provide a seamless payment experience for your customers.
Reach partners with companies domiciled in Asia, Europe, and Latin America, which means it can cater to a diverse range of businesses globally.
How to connect to the service
To get started with integration, you can sign up for a Reach account and access the developer documentation and sandbox environment. This allows you to test your integration and ensure that everything is working smoothly before going live. Reach also provides technical support to assist with the integration process.