As one of Payoneer’s most important business partners among cross-border e-commerce services providers, the GoTen Dropshipping Platform, has established a cooperation with Payoneer to improve online retailers’ profit margins in the peak season of sales in 2020. Thanks to the strategic cooperation, GoTen’s going to launch an event, offering free payment processing to help online retailers who directly use Payoneer to pay for orders on GoTen.com to reduce handling fees for a total of 2.5 million US dollars in gross merchandise value (GMV).
A Comprehensive Coverage for All Products in Anywhere
As a part of GoTen’s Peak Season Festival, the event of “No Payment Processing Fees” is coming. Compared with the two Black Friday promotional events launched at the end of October 2020 on GoTen.com, namely, “Black Friday Super Sale” and “Black Friday Blowout Sale in the US Warehouses” in which items are offered at up to 10% off and 20% off respectively, this event is characterized by the maximum coverage.
All GoTen members can take part to reduce costs of all products available in all GoTen’s warehouses, including US, UK, DE, FR warehouses, and get dropshipping products delivered fast and free in the USA, UK, Germany, France, and many other European countries.
Two Long-Lasting Rounds to Improve Profit Margins in Dropshipping
The event consists of two rounds, targeting different sale periods. More specifically, the first round is to begin from Nov. 11 and last until Nov. 26; while the second round will start from Black Friday and last beyond Christmas. This means that online retailers who take part in the GoTen’s Christmas sale scheduled in December might take advantage of the event.
1st Round (For Pre Black Friday Sales)
1 million USD in GMV
From 9:00 Nov. 11 to 24:00 Nov. 26 (UTC+8)
2nd Round (For Black Friday Sales and Beyond)
1.5 million USD in GMV
From 9:00 Nov. 27 to 24:00 Dec. 31 (UTC+8)
$13,750 Payment Processing Fees To Be Saved in Total
As for any order, as long as the amount is within $1 million in GMV directly paid with Payoneer in the first round or within $1.5 million in the second round, there won’t be any handling fee. “The early bird can get the worm!” Certainly, after the total amount of GMV is reached in either round, a handling fee will be incurred.
Notably, if the settlement currency is GBP or EUR, the amount will be automatically converted into USD. According to GoTen’s business development manager, Zoe Zhang, “As Payoneer charges 0.55% for any sum of the transaction amount, the participants in the event can save a total of up to $13,750. Furthermore, it is expected that $2.5 million in GMV will be achieved in less than a month.”
The event will further encourage online retailers to use Payoneer to complete payment on GoTen.com in the last two months of the year 2020 while improving their profit margins. It also reflects the company strength of the GoTen Dropshipping Platform as a leading dropshipping supplier in cross-border e-commerce.
GoTen.com is a professional dropshipping and wholesale supplier under ZongTeng Group since 2007. It benefits from all ZongTeng’s supply chain resources, including GoodCang, YunExpress, and WorldTech.
Since the launch of the GoTen global site, the GoTen Dropshipping Platform attracts thousands of visitors worldwide every day, registering considerable surges in sales with 20,000+ profitable SKUs. Additionally, based on big data-based research, its free product recommendations aim to make dropshipping easier on Amazon, eBay, Wish, Walmart, and other online marketplaces.
No membership fees, no credit card needed, only minutes to get started. GoTen makes it easier for everyone to launch and boost their online business.
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