Revolut is a financial services company that specializes in mobile banking, card payments, money remittance, and foreign exchange.
ShipStation is a web-based, multi-carrier shipping solution that is designed to save eCommerce retailers time and money on their order fulfillment process. With ShipStation you get access to a single set of powerful tools for managing your orders from creation through fulfillment—anywhere your business needs to ship.ShipStation Integrations
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Triggers when you exchange, send or receive money.
Triggers for each individual line item when a new order is created or imported.
Triggers for each individual line item when a new outbound shipping label is created for an order.
Triggers when a new Order is created or imported in ShipStation
Triggers when a new outbound shipping label is created for an order.
Marks an order as shipped without creating a label in ShipStation.
Revput is a new financial service app that allows users to exchange, send, spend, and hpd their money in currencies from around the world. Users can spend their money on goods or services with just a swipe of a card. Users are able to send money abroad with just a few taps, without the high transfer fees. With Revput, users can hpd, exchange, and spend money in US Dplars (USD), British Pounds (GBP), Euros (EUR), and over 30 other currencies. The app also supports 19 different languages and is available in 180 different countries. Revput is known for delivering cheaper and faster financial services. One of Revput’s main competitors is Transferwise, which offers similar services as Revput. However, Revput is more practical than Transferwise because it offers debit cards and physical cards that allow customers to spend their money abroad. In this article, I will be discussing Revput’s integration with ShipStation, a shipping management platform. The integration allows both companies to provide better services to their customers. This integration benefits both companies by generating more revenue.
Revput was founded in 2015 by Nikpay Storonsky in London and has been growing ever since. In 2017, Revput opened operations in New York City. Currently, Revput processes $1.5 billion in transactions per month. In March 2018, Revput announced that it had reached two million users, with 100,000 signing up every month.
ShipStation is an ecommerce shipping platform where merchants can manage customer orders, inventory, shipping carriers, and create automated workflows for communicating with customers. ShipStation has been in business since 2012 and was founded in Austin, Texas by Jordan French and Seth Dickens. ShipStation reported a total of $36 million in funding as of October 2018. Former CEO of Amazon Web Services (AWS), Andy Jassy is also an advisor to ShipStation. On October 1st 2018, ShipStation announced that they had reached 1 million users worldwide across 50,000 businesses.
Revput has recently integrated with ShipStation to allow merchants using ShipStation to sell products in USD instead of GBP or EUR. This is beneficial for both companies because it reduces the risk of currency fluctuations. If merchants were to use Revput exclusively to process payments for their orders, merchants would need to exchange their earned money into GBP or EUR through Credit Card Payments Ltd., or Stripe. By integrating Revput and ShipStation together, merchants would no longer need to go through this step since they could sell goods and services directly to their customers in USD. This integration is beneficial for both companies because it reduces the transaction fees between them since there is no need for currency exchange when selling products in USD. For example, if a merchant spd an item for $100 USD through ShipStation, but the merchant’s bank charged a 2% currency exchange fee to convert USD from GBP or EUR into GBP or EUR, then the merchant would lose $2 for every $100 USD spd due to currency exchange fees. However, if the merchant used Revput to process payments on the order then the merchant would keep $2 for every $100 USD spd since payment processing fees are typically 1% or less depending on service provider. This means that merchants who sell goods or services in USD will not need to pay expensive currency exchange fees through Stripe or Credit Card Payments Ltd. Merchants who do not want to incur these costly fees can also use white label credit card processors such as PayLane or Stripe that do not charge currency conversion fees. By using Revput as a payment method on ShipStation, merchants can save money since they do not have to incur costly currency conversion fees from PayLane or Stripe unless they choose to process payments through them for other reasons such as fraud management or international business expansion.
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