The Howdy Glossary

Digital River is an e-commerce platform that provides global payment gateway and merchant account services, facilitating online transactions in various currencies, languages, and payment methods. It aids businesses in selling products and subscriptions through webstores, marketplaces, social media platforms, and mobile apps while ensuring fraud prevention and tax calculation for regulatory compliance. Founded by Joel Ronning in 1994 as a software development company, Digital River pivoted to become an e-commerce solution provider offering extensive services for secure and efficient online sales.

The platform's unique features include a global payment gateway, merchant account solutions, and robust tools for managing transactions across diverse regions. These capabilities allow businesses to expand their online presence across multiple channels such as webstores and mobile apps while maintaining compliance with local regulations through effective fraud prevention and tax calculation features. Digital River’s comprehensive suite of services addresses the growing need for secure global e-commerce solutions tailored to the digital landscape's complexities.

Despite facing competition from other e-commerce platforms like Shopify and Magento that offer similar services such as global payment gateways and transaction management tools, Digital River distinguishes itself with its specialized focus on international business needs. Its strengths lie in providing infrastructure for multilingual and multicurrency transactions alongside enhancing operational efficiency through fraud prevention measures. This targeted approach makes it particularly valuable for companies aiming to establish or grow their international market presence by leveraging a sophisticated platform designed for conducting secure cross-border e-commerce activities effectively.