PingPong Payments and Perch team up to grow up
Aggregators are on the rise with the help of strategic partnerships, creating shockwaves across the Amazon and ecommerce markets.
One such partnership recently came to light. PingPong Payments, a multi-dimensional growth partner to over 750,000 global online sellers (and sadly not an underground PingPong gambling ring) is partnering with Amazon aggregator Perch to acquire and grow Amazon and ecommerce businesses.
PingPong allows merchants and sellers to handle cross-border payment processing with ease, a huge value add to a company building a portfolio of seller accounts from across the globe.
Ecommerce revenue grew in 2020 by $175 billion, and it seems PingPong is bringing a tennis racket to a…well, ping pong match by creating mega efficiencies in payment processing.
Why should you care? Perch reports that the FBA businesses they acquire tend to see double to triple digit growth once under its ownership. With PingPong throwing its hat in the ring, sellers gain expertise in logistics, advertising, marketing and search engine optimization.
There are still a myriad of reasons sellers should think twice before selling directly to aggregators, but the upward pressure aggregators are putting on the marketplace is creating video game-like numbers. The gamble is that the video game could either be Super Mario or Golf.
