Charleston News Online Recognized by Payoneer as Its Highest Growth Potential Business Partner of 2020 Recognized by Payoneer as Its Highest Growth Potential Business Partner of 2020

January 29
20:09 2021

Over the past year, online sales have experienced rapid development, with more people shifting to online shopping during the coronavirus outbreak. Statistics show that the number of online buyers increased to 2.05 billion in 2020, along with the establishment of numerous online retail businesses. In particular, up till now, 33% of online stores have adopted dropshipping as a fulfillment model to lower risks and grow their businesses. To satisfy their needs, many have chosen to cooperate with big dropshipping platforms, among which the GoTen Dropshipping Platform stands out.

GoTen has recently received an honor, the “Highest Growth Potential Business Partner” of 2020 from Payoneer because of its significant business growth over the past and huge growth potential in the future. GoTen stands out among 22 top e-commerce service providers that are Payoneer’s most important business partners in China.

This article will look into both the competitiveness and the high growth potential of the GoTen Dropshipping Platform.

GoTen’s Competitive Advantages & Rapid Development

The GoTen Dropshipping Platform and Payoneer established the cooperation early at the end of 2019. As an important business partner, GoTen was invited to give a keynote speech in the CBT Ecosystem Roundtable held by Payoneer – “Operations: Deep Dive into North America with Detail-Oriented Operation,” which gathered over 1,600 cross-border e-commerce businesses and tens of prominent heads of the industry in Shenzhen on September 6th, 2020. At that time, the cooperation was taken seriously by Payoneer not just because it required business expansion by benefiting from GoTen’s large user base – international sellers, but also because it believed in GoTen’s competitive advantages.

Based on the well-developed businesses of GoTen China, which was trusted by more than 20,000 retailers and suppliers, GoTen Global site was rolled out officially in March 2020. The launch was a leap forward, representing a higher growth potential as it was ready to get into the global market and cooperate with international sellers engaged in e-commerce.

Except for the reasons mentioned earlier, the cooperation was reached and valued because GoTen was backed by the advantageous supply chain resources offered by its parent company, ZongTeng Group, which is a reputable leading cross-border e-commerce service provider with a full-fledged cross-border fulfillment network mainly consisting of GoodCang overseas warehouses and YunExpress special line logistics.

Additionally, the competitiveness of the important supply chain resources has been further improved since the coronavirus outbreak. For example, thanks to ZongTeng Group’s strategic development during the COVID-19 pandemic, the warehouse area available for has been increased by over 77.77%, to 700,000 square meters. A new DE warehouse and a new FR warehouse have both been set up and put into service. The considerable increases in both the number of dropshipping products and registered users on the GoTen Dropshipping Platform in 2020 also reflect its achievements in business expansion.

After all, what is of the utmost importance is GoTen’s attractive offers to a great number of online retailers in the American and European market:

• Above 20,000 profitable dropshipping products selected based on big data research;
• Fast and free shipping with US, UK, DE, FR warehouses located near to online shoppers;
• 24/7 support with dedicated account managers, customer service team, and technical team;
• Free sign-up, free membership, and unbeatable discounts;
• Free curated product recommendations for top-selling items on Amazon, eBay, Wish, etc.

Apart from the above, as it is known in the borderless digital world, the global dropshipping market is estimated to grow at a CAGR of nearly 29% between 2020 and 2025. Undoubtedly, Payoneer, as an international financial company, is clear about it. Therefore, it attaches even more importance to the business partnership with the GoTen Dropshipping Platform.

To Improve Dropshipping Profit Margins for Online Retailers

GoTen has chosen Payoneer because it provides fast, secure, and low-cost payment solutions, which enables millions of businesses and professionals worldwide to pay, get paid, and grow internationally. In particular, different from PayPal and many card associations, Payoneer charges GoTen members the lowest fees.

Furthermore, as one of its most important business partners like 1688, GoTen was selected by Payoneer as a leading e-commerce service provider in China to launch the event “No Payment Processing Fees” for $2.5M in GMV in the shopping season last year. Both companies were happy with the result – 49.0% more orders on were paid with Payoneer during the event than before.

Splitting the large sum of $13,750 in total for $2.5 million in GMV, online retailers who dropshipped from and paid with Payoneer then appreciated the tangible benefits. It was because the event helped them to improve their profit margins in dropshipping in the shopping season, which is critical to e-commerce sales.

In Summary

In a word, as the market share of the online retail business has skyrocketed, the GoTen Dropshipping Platform, with so many competitive advantages in e-commerce, is a promising business partner to work with. This is proven by the cooperation between GoTen and Payoneer, which has led to a win-win.

As far as online retailers are concerned, the business cooperation has brought great benefits, helping to reduce costs and increase profit margins. They also anticipate more sales online, hoping that dropshipping will be as popular as in 2020 and that the development of leading cross-border e-commerce service providers like the GoTen Dropshipping Platform will be brought to the next level this year.

About GoTen 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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