Latest news with #BlueSnap
Yahoo
02-08-2025
- Business
- Yahoo
Payroc scoops up another peer
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Payroc WorldAccess, the fast-expanding payments processor, said Friday that it has made another acquisition, this time buying BlueSnap, a payments orchestration firm that has focused on the middle market. Payroc is a payments technology company and acquirer that services merchants, enabling them to process credit and debit card payments as well as other types of transactions. This is the suburban Chicago-based company's second acquisition announcement this month, after saying last week that it would buy the cloud-based payments player LedgerPay. Buying BlueSnap, which also provides accounts receivables automation, will allow the combined entity to process card-not-present, electronic check and other payments in 47 countries and some 100 different currencies, according to a Friday press release about the transaction. It will also allow for use of embedded invoicing as well as subscription billing and automated reconciliation with real-time dashboards, the release said. A spokesperson for Tinley Park, Illinois-based Payroc didn't respond to a question about the purchase price for BlueSnap. The company said it expects the deal to close in the third quarter. 'Integrating BlueSnap's orchestration layer with Payroc's direct-connect network transforms our ability to serve merchants and [independent sales vendors] at scale,' Payroc CEO Jim Oberman said in the release. 'This transaction dramatically expands our global footprint and the breadth of capabilities we can bring to our customers and partners.' BlueSnap, based in the Boston area, had raised at least $80 million, and at one point had about 200 employees. Fintech venture capital firms Great Hill Partners and Parthenon Capital Partners contributed to investments of $50 million in 2014. BlueSnap was founded in 1998 by CEO Henry Helgeson, and he became the company's CEO last year, according to his LinkedIn profile. Ralph Dangelmaier led the company as CEO for about a decade before Helgeson, but then exited after the Federal Trade Commission took action against the company and Dangelmaier last year over 'processing payments for deceptive and fraudulent companies,' according to a May 2024 release from the federal agency. 'Joining Payroc gives BlueSnap's customers direct access to industry-leading acquiring relationships and a broader partner ecosystem,' Helgeson said in the release. BlueSnap has targeted a middle-market clientele, accepting payments from all over the world. The company focused on clients with between $2 million and $1 billion in annual revenue at one point, attracting the gift company Edible arrangements, software company Jamf and online genealogy company MyHeritage as customers. Payroc has been on an acquisition spree in recent years. The company said the acquisition of LedgerPay would allow it to provide end-to-end processing for all major card brands and debit networks, while also offering a suite of cloud-based payments services. Recommended Reading Payroc to buy LedgerPay
Finextra
31-07-2025
- Business
- Finextra
Payroc agrees to buy BlueSnap
North American merchant acquirer and payment technology provider Payroc has agreed to acquire payment orchestration and AR automation platform BlueSnap. Financial terms were not disclosed. 0 Payroc says the deal creates a unified acquiring powerhouse that offers both end-to-end global card acquiring and eBanking processing capabilities to merchants, ISVs, and embedded technology partners. It also extends Payroc's acquiring footprint across 47 countries and strengthens the North American-focused outfit's position in the EU and UK. 'Integrating BlueSnap's orchestration layer with Payroc's direct-connect network transforms our ability to serve merchants and ISVs at scale,' says Jim Oberman, CEO, Payroc. 'This transaction dramatically expands our global footprint and the breadth of capabilities we can bring to our customers and partners." The acquisition is expected to close in the third quarter, subject to regulatory approval. Last year, BlueSnap and its former CEO paid $10 million to settle with the Federal trade Commission for knowingly processing payments for "deceptive and fraudulent" companies.
Business Wire
31-07-2025
- Business
- Business Wire
Payroc Signs Definitive Agreement to Acquire BlueSnap
TINLEY PARK, Ill.--(BUSINESS WIRE)--Payroc WorldAccess, LLC a leading North American merchant acquirer and payment technology provider, today announced the signing of a definitive agreement to acquire BlueSnap, a Boston-based global payment orchestration and AR automation platform. This strategic acquisition unites Payroc's direct-connect acquiring infrastructure across the U.S., Canada, and Puerto Rico, and transforms Payroc's capabilities by adding BlueSnap's robust global and enterprise capabilities. The transaction is expected to close in Q3 2025 and is subject to regulatory approval and other customary items. Transaction Overview & Strategic Highlights The acquisition creates a unified acquiring powerhouse that offers both end-to-end global card acquiring and eBanking processing capabilities to merchants, ISVs, and embedded technology partners, including: Global CNP Leadership & Routing Optimization: Accept card-not-present, electronic check and alternative payments in 47 countries, 100+ currencies, and 36+ local methods through a single API. BlueSnap's intelligent routing and fraud prevention tools improve authorization rates and reduce cross-border costs. AR Automation & Cash Flow Efficiency: Accelerate receivables with embedded invoicing, subscription billing, and automated reconciliation. Real-time dashboards and out-of-the-box workflows simplify billing and collections. Enterprise-Grade Scale & Partner Ecosystem: Trusted by global enterprises and integrated with leading ISVs, ERP platforms, and embedded fintechs. Global Footprint & Compliance Excellence: Local acquiring, combined card and electronic check, dynamic and FX currency conversion, routing and interchange optimization, consolidated and detailed reporting, and managed clearing ensures cost-effective processing and regulatory compliance worldwide. Leadership Commentary 'Integrating BlueSnap's orchestration layer with Payroc's direct-connect network transforms our ability to serve merchants and ISVs at scale,' said Jim Oberman, Chief Executive Officer of Payroc. 'This transaction dramatically expands our global footprint and the breadth of capabilities we can bring to our customers and partners. More importantly, we are impressed with the BlueSnap team - our shared culture and vision aligns with Payroc's ongoing commitment to deliver a more efficient, intelligent, and global payments experience.' 'Joining Payroc gives BlueSnap's customers direct access to industry-leading acquiring relationships and a broader partner ecosystem,' said Henry Helgeson, Chief Executive Officer of BlueSnap. 'Together, we'll empower businesses to scale payments both domestically and globally, automate receivables, and innovate faster than ever.' Transaction Advisors Payroc was advised by Troutman Pepper, Locke, and White & Case LLP as legal counsel. BlueSnap was advised by TD Securities and William Blair as financial advisors, and Goodwin Procter LLP as legal counsel. About Payroc Payroc WorldAccess, LLC is a high-growth merchant acquirer, processor, and integrated payments provider offering advanced sales enablement and global payment processing technology. Payroc delivers proprietary, innovative, and full-service acquiring solutions supported by key card brand sponsorships and bank partnerships. Payroc, through its subsidiaries, is a registered Visa third-party processor, Visa ISO, Mastercard third-party and MSP, payment facilitator, and encryption support organization for Fifth Third Bank, National Association, and is registered in Canada with Peoples Trust Company and Oriental Bank in Puerto Rico, among others. Learn more at About BlueSnap BlueSnap is a global payment orchestration platform that helps businesses accept payments worldwide and optimize their revenue operations. With a single integration, BlueSnap supports online and mobile sales, marketplaces, subscriptions, invoice payments, and manual orders through a virtual terminal. The platform includes access to 100+ payment types, built-in fraud prevention, chargeback management, and automated accounts receivable tools. Learn more at
Business Wire
10-07-2025
- Business
- Business Wire
BlueSnap Channel Partner Program Grows 137% With Addition of 11 New System Integrators
BOSTON & LONDON--(BUSINESS WIRE)--BlueSnap, a global payment orchestration platform for B2B and B2C businesses, today announced significant growth in its Channel Partner Program with 11 new system integrators (SIs) joining since its launch in September 2024. The program now includes 41 partners globally, representing a 137% increase, underscoring the strong demand for seamless, scalable global payments solutions. BlueSnap's Channel Partner Program is designed to help SIs offer powerful, end-to-end payment capabilities to clients without the need for complex integrations or multiple vendors. As businesses increasingly look to streamline operations and reduce tech stack complexity, BlueSnap provides a single integration that supports cross-border payments, mobile and subscription billing, and a wide range of payment types. 'This growth proves that payments are now a strategic advantage and no longer an afterthought,' said Gavin Cicchinelli, BlueSnap's Chief Revenue Officer. 'Our partners trust us to help them deliver meaningful value to clients and open new revenue opportunities in a global economy.' System integrators in the program are now equipped to implement BlueSnap's global payment solutions across a variety of widely used business platforms, including: BigCommerce Chargebee Magento (Adobe Commerce) Microsoft Dynamics Business Central NetSuite QuickBooks Sage Intacct Shopware (recently added) WooCommerce Zuora With BlueSnap, agencies can offer clients a fully integrated payments experience that adapts to each business's unique needs. Partners receive hands-on support from BlueSnap from day one, including dedicated account management, technical support, and access to co-marketing resources, case studies, and joint events. 'The Channel Partner Program is more than just technology - it's a relationship,' Cicchinelli continued. 'Partnering with BlueSnap enables SIs to expand their payments offering without building from scratch or juggling multiple vendors. It's a true partnership and our partners and their clients are seeing the benefits.' System integrators looking to grow their offering, increase client value, and simplify global payments can learn more here: About BlueSnap: BlueSnap helps businesses accept global payments a better way. Our Global Payment Orchestration Platform is designed to increase sales and reduce costs for all businesses accepting payments online. BlueSnap is backed by world-class private equity investors, including Great Hill Partners and Parthenon Capital Partners. Learn more at
Forbes
16-06-2025
- Business
- Forbes
How Embedded Payments Act As Value Drivers For SaaS Companies
Henry Helgeson is an entrepreneur, investor, and CEO of BlueSnap, a global payment orchestration platform for B2B and B2C businesses. In today's tough private markets environment, many private equity and venture capital investors are no longer able to rely on buy-and-hold strategies or basic financial tweaks to boost growth and deliver returns. I believe private markets investors today need to take a hands-on approach to drive operational and financial improvements and uncover new revenue streams that add value for all shareholders, leading to better and more successful exits down the line. One promising option being adopted in the software and SaaS space is embedded payments. This is a method of integrating payment processing technologies and capabilities into a software application so that users can complete transactions without leaving the platform. Let's take a closer look at embedded payments and how your company can get the most from this system. • Monetizing The Core Product: When payments are built into the platform, software providers can monetize transactions that happen naturally within the product environment, such as subscription payments, one-off purchases or usage-based fees. Rather than treating payments as a separate function, these transactions can become an integral part of the business, helping to turn your platform into a consistent revenue stream. • Improving User Experience: Embedded payments can make it easier for users to complete transactions by eliminating the need to jump between applications or enter payment information multiple times. In my experience, a seamless payment experience can lead to greater customer satisfaction and improved retention rates. • Unlocking New Revenue Streams: Embedded payments can also create opportunities to generate new revenues while delivering greater value to existing customers. For example, you might charge for advanced features like fraud protection, cross-border payment capabilities and transaction support across multiple or alternative currencies. • Building Customer Loyalty: I've found that when a platform streamlines key business processes like billing, invoicing or payment tracking, it can become essential to users, creating greater "stickiness" that can lead to longer-term customer relationships, higher lifetime value and lower churn. • Standing Out in A Competitive Market: Finally, embedding payments can help you differentiate your company in a crowded market, such as through unique payment features, better rates or customer-centric workflows. If you are considering adding embedded payments to your systems, or if you already have these capabilities but want to maximize their impact, here are several best practices I have learned: Before you start building an embedded payments capability, be clear on your goals. What strategic problems are you trying to solve? How will payments enhance your platform's existing features and deliver more value to your customers? Also, think about what's in it for your business. Will embedded payments help reduce days sales outstanding (DSO)? Improve cash flow? Cut down on manual work? Your strategy should go beyond just offering payments because your competitors do; it should support the overall growth of your business and deepen customer relationships. Think through how your customers actually interact with your platform, especially when a payment is involved. Each use case is a chance to improve the experience. Can you remove a manual step? Automate a use case? Make the payment experience more seamless and intuitive? When you optimize each touchpoint where a payment occurs, it can save time and make your platform stickier and more valuable. Payments shouldn't just live in the product or within your technology team. For embedded payments to succeed, everyone across the organization should be aligned. Train account managers, sales reps and support teams so they can confidently talk about the benefits with customers and prospects. Give employees the tools and incentives they need to bring payments into their everyday conversations. I've found that when teams are unified, it leads to faster adoption and stronger results. Finally, remember that adding payments isn't just about reducing friction. Yes, you want to make it easy, but not at the expense of security, compliance or profitability. For example, offering one-click payments might sound ideal, but it could expose your platform to fraud or higher processing fees. Be thoughtful about how disputes and chargebacks will be handled. Balance the user experience with the backend mechanics so you don't end up undermining the value you're working to create. At the end of the day, payments are part of the customer journey. By thoughtfully applying embedded payments into your SaaS or software platform company, you can improve customer experiences, solve real pain points and drive measurable growth and usage. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
