Global-e Online (GLBE) said Wednesday it has entered into a three-year agreement with Shopify (SHOP) to renew their strategic partnership.
The partnership covers first-party and third-party services, namely the Shopify Managed Markets and Merchant of Record services, Global-e said.
Under the agreement, Global-e said it will remain the exclusive provider of merchant-of-record services for Shopify Managed Markets.
The new agreement will allow for additional merchant-of-record providers to work with Shopify merchants, although Global-e will remain the "preferred partner" and enjoy exclusive access to key features and enhanced commercial terms, the company said.
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