OPINION: BlueSnap is predominantly a Payment Facilitator (PayFac) and occasionally a merchant of record (MoR). The company has established itself as a leader in the PayFac segment and has grown steadily under new management. BlueSnap is fully licensed for PayFac operations in Israel, Latin America, and Australia in addition to the US and Europe. It also provides merchants with a Payment Gateway only option. The solution supports a broad array of integrations with other commerce platforms, billing, subscription engines, and fraud/chargeback management solutions. BlueSnap was an early adopter of the mobile payment experience including Apple Pay and several APIs, providing its customers with a frictionless commerce experience. The company relies primarily on an online self-service channel and has been expanding its partner network.

USE CASE: Small and mid-size companies with $5 million to $500 million in revenue looking for a consistent payment platform across payment methods and currencies.

COMPETITORS: 2Checkout, cleverbridge, FastSpring, PayPal, PayPro Global, Stripe

About MGI 360 Ratings: MGI 360 Ratings score is a uniform 0 to 100 supplier rating system comprised of 149 unique data points. The scores condense hundreds of hours of research into simple, easy to understand ratings and recommendations to clearly demonstrate differences amongst software vendors. The overall score is comprised of five equally weighted major categories that account for up to 20 points in Product, Management, Channels, Strategy, and Finance. Learn more about MGI 360 Ratings.