The prospect of adding millions, if not billions, of new customers, is exciting and has the potential to propel the company to new heights of success.
The issue arises when dealing with global payment processes. Sorting through each country’s banking and currency regulations, policies, and rules, let alone each bank, creates obstacles for banks, retailers, service companies, and customers alike.
The internet has increased the possibilities for international marketing to levels that were unimaginable even 20 years ago. With just a few mouse clicks, you can be on a website halfway around the world and be able to buy from them in a matter of minutes!
International payment gateway provide systems for managing the transfer of hundreds of currencies. This opens up opportunities for global marketing without the drawbacks or delays associated with currency conversions.
You should thoroughly research these companies to ensure that you are getting everything possible to help your business. You’ll notice some similarities as you look through the different companies, and you might think they all provide similar services.
To help you decide which company will provide the best service for your company, you must first decide how global you want to go. Because the internet is a global network, you can virtually reach every country on the planet.
If you can expand your business to serve every potential customer, regardless of his or her age or gender, you will be a success.
We at eskayPay understand that fulfilling international orders carry far more risk than shipping domestically, it is critical to select a reputable payment gateway with experience handling international transactions. We provide Online International Payment Gateway Solutions for UK with comprehensive fraud detection features as well as safeguards and protect online merchants.
How to make your international payment processing more efficient and effective?
If you’re ready to expand your website into a global market, these tips can help you improve the efficiency and effectiveness of your international payment processing, regardless of your industry.
Offer Geo-Specific Payment Options
One of the quickest and most effective ways to increase sales after launching your site is to accept local payments from the international countries to which you intend to ship. While major credit cards are the preferred payment method in the UK, this is not always the case in other parts of the world.
Consumers nowadays expect different payment methods to be available in online stores, whether they’re shopping from a desktop browser or your mobile app, so they can choose the one that best suits their needs. To be relevant to the broadest possible audience, you must ensure that your site supports the most popular online payment methods.
Make Currency Conversion Simple
While it is critical to keep your site listed prices consistent, you must also provide convenient and easy-to-use currency conversion for international customers. While prices may be listed in USD, providing a drop-down menu of different currencies or a currency converter on product pages can help increase international sales.
Shopping Cart Compatibility
The shopping cart software on your website must work properly with any payment processor you choose. The majority of well-known international payment processors work with a wide range of shopping carts and vice versa.
Get Chargeback Protection
Chargebacks protect consumers from fraudulent charges by serving as a last line of defense, preventing them from being held financially liable for any unauthorized withdrawal of funds. Though the goal of chargebacks is to prevent intentional acts of fraud, such as overcharging or making additional withdrawals, they can also result from a simple miscommunication.
A customer, for example, can dispute a charge because they did not realize shipping was not included in the base price. These chargebacks are usually resolved between the merchant and the customer, but some customers prefer to go directly to their bank. Choose a global payments processor that provides a chargeback protection, particularly if you are selling high-ticket items internationally or in “high-risk” countries.
If you work in a high-risk industry such as adult entertainment, pharmaceuticals, or online gaming, you should open a merchant account with a payment processor that specializes in high-risk industries.
EskayPay intends to associate the best Online International Payment Gateway Solutions for UK merchants so that they can have a smooth and flexible payment solution for their business. We accept over a hundred different currencies, as well as all major debit and credit cards. We include an online merchant account that serves as a checking account for card payments.
Our professional team of experts takes your online security seriously, and comprehensive fraud screening safeguards both for you and your customers. Get in touch with us to know more about our latest international schemes and offers.
How to apply for an International Payment Gateway?
To obtain merchant account services, you must submit the following documents.
- You must have a Director KYC profile.
- You must have government-issued identification, such as a driver’s license or voter identification card.
- You’ll need a payment processor if you’ve previously owned a business.
- You must provide a multi-processor explanation for profiting from the office.
- 3 months of recent bank statements and a processing history
- Your chargeback rate should be less than 2%.
- The payment gateway services will be available to you within 5 to 7 business days. Customer service is available 24 hours a day, seven days a week.
Other Pages : Casino Merchant Account, Online Gaming Merchant Account, Forex Trading Merchant Account, High Risk Merchant Account UK
