BlueSnap is a payment technology provider that allows businesses to accept payments online and across borders. Founded in 2001, BlueSnap has become a popular choice for businesses of all sizes looking for a reliable and secure payment processing solution. Over the years, the company has expanded its offerings to include a range of payment methods, fraud prevention tools, and other services that help businesses optimize their online sales.
BlueSnap's Payment Processing Solutions
One of the key features of BlueSnap’s payment processing solutions is its ability to accept payments from customers around the world. The platform supports over 100 currencies and more than 110 payment types, including credit cards, eWallets, and local payment methods. This makes it easy for businesses to sell to customers in different countries without having to worry about currency conversions or payment processing issues.
In addition to its global payment capabilities, BlueSnap also offers a range of fraud prevention tools to help businesses protect themselves from fraudulent transactions. These tools include fraud scoring, chargeback protection, and 3D Secure authentication, among others. By using these tools, businesses can reduce the risk of chargebacks and other types of fraud, which can ultimately save them money and protect their reputation.
Acquisition by Paysafe
In September 2020, BlueSnap was acquired by Paysafe, a leading specialized payments platform. The acquisition was aimed at strengthening Paysafe’s position in the payments industry and expanding its global reach. Paysafe, which operates in over 40 countries, has a strong presence in the gaming and sports betting industries. By combining forces with BlueSnap, Paysafe was able to extend its payment capabilities to other industries, including e-commerce and B2B.
Following the acquisition, BlueSnap continued to operate as an independent entity within the Paysafe group. This allowed BlueSnap to continue providing its customers with the same level of service and support they had come to expect, while also benefiting from the resources and expertise of the larger organization.
Other Companies like BlueSnap
While BlueSnap is a well-known player in the payments industry, there are several other companies that offer similar payment processing solutions. One of the most popular alternatives is Stripe, a San Francisco-based company that provides a range of payment processing and related services for businesses of all sizes. Like BlueSnap, Stripe supports multiple payment methods and currencies, and offers a range of fraud prevention tools to help businesses protect themselves.
Another popular option is PayPal, which is known for its easy-to-use payment processing tools and user-friendly interface. PayPal supports payments in over 200 markets and 100 currencies, and offers a range of solutions for both online and offline payments.
Another company that is worth considering is Adyen, a Dutch payment technology provider that offers a range of payment processing solutions for businesses of all sizes. Adyen’s platform supports over 250 payment methods and 150 currencies, and includes a range of features designed to help businesses optimize their payment processing, including fraud prevention tools and data analytics.
Conclusion
BlueSnap is a popular payment technology provider that offers a range of solutions for businesses looking to accept payments online and across borders. With its global payment capabilities and range of fraud prevention tools, BlueSnap is a strong choice for businesses of all sizes looking to optimize their online sales.
While BlueSnap is a well-known player in the payments industry, there are several other companies that offer similar payment processing solutions, including Stripe, PayPal, and Adyen. Each of these companies has its own strengths and weaknesses, so it’s important for businesses to evaluate their options carefully before making a decision. Ultimately, the right payment processing provider will depend on a range of factors, including the business’s size, industry, and target market.
