U.S. Small Businesses Welcomed to Alibaba to Sell Globally

Aug 26, 2019

Chinese eCommerce giant Alibaba Group Holdings Ltd (BABA.N) has recently decided to allow small businesses in the U.S. to sell on its platform. This enables U.S. small businesses to sell their products globally. Let’s move forward to dive deeper into the topic and find a respectable payment processor to work with.

Alibaba Welcomes U.S. Small Businesses

Alibaba, the tech titan in China and a major player in the global B2B marketplace, has recently announced that U.S. businesses are allowed to open up shop and sell their products globally on Alibaba.com.
Such expansion points to Alibaba’s efforts to make B2B commerce a priority. Previously, Alibaba.com was basically concentrated on connecting Chinese suppliers with buyers worldwide. So, this is one of the steps towards implementing its larger globalization strategy.

The world’s biggest B2B eCommerce market, which accounted for over $768 billion in sales in 2018, is focused on tapping into the international markets. The U.S. has now become the 1st market where Alibaba has decided to globalize supply. Be aware that the eCommerce giant has set a membership fee for U.S. sellers.

Such change will enable U.S. merchants to get access to markets in the countries where Alibaba serves. These include Brazil, Canada, and India. So, the situation is completely changed for U.S. merchant since they could only make purchases on Alibaba.com previously.

By the way, Alibaba doesn’t sell inventory of its own and is hopeful that local U.S. businesses will opt for its platform as their preferred online marketplace. According to Alibaba, this can be made possible by granting small- and medium-sized businesses (SMBs) global selling power. Specifically, Alibaba is interested in taking over manufacturers, wholesalers, and distributors.

Alibaba Group president Michael Evans notes that they’re working on empowering small businesses and large wholesalers in the U.S. to source and trade with each other. Also, they’re creating an opportunity for small businesses to offer products globally.

What about you? As a merchant, are you content with your current offerings? Are you accepting reliable payments online? Online payment transactions can’t be an issue at all if you work with the right payments specialist in your field.

Consider turning to eMerchantBroker.com, a respectable payment processor and alternative online lender. EMB is a BBB-accredited payments expert that’s ranked #1 high risk credit card processing company in the U.S.

As an A company rated by Card Payment Options and as the “Best All-Around High Risk Merchant Account Provider” ranked by ValuePenguin, eMerchantBroker.com offers the cheapest rates and the fastest approval process to U.S. small businesses, and not only.

U.S. Businesses Can Now Sell Globally on Alibaba.com

In 2019, the macro environment was proved to be worse as compared to the same period in 2018. However, Alibaba has launched a number of new initiatives, and the personalized product feed contributes to its growth rate.
Did you know that ShipStation is now in partnership with Alibaba? This way, the company wants to offer larger business opportunities to eCommerce sellers in the U.S. ShipStation is a company providing shipping services to eCommerce retailers.

In addition, Alibaba has also started a collaboration with Robinson Fresh, a U.S. supplier working with brands like Tropicana, Welch’s, and Green Giant. This came after Alibaba’s collaboration with Office Depot started in March 2019.

So, as you see, Alibaba is enabling sellers to use its business-to-business (B2B) eCommerce platform to do business within and outside the U.S. What’s more, Alibaba has decided to provide a platform for sellers that allows them to build and manage a digital store and enjoy other capabilities as well.

Alibaba’s support to small- and mid-sized businesses in the U.S. isn’t limited only to this. The eCommerce giant is also co-producing “Build Up” workshops and webinars with local chambers of commerce and B2B organizations such as SCORE. The latter is among the largest non-profit networks of volunteers and expert business mentors in China.

To sum up, Alibaba Group is expanding globally through its Alibaba.com commercial platform, which is serving millions of customers worldwide. Alibaba has decided to allow U.S. suppliers to connect with business partners around the globe. Alibaba.com was previously connecting only Chinese suppliers with buyers worldwide. Such expansion is undoubtedly beneficial for small businesses in the U.S.

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.