International ecommerce represents the greatest source of increased sales and profits for both US merchants and international businesses. According to Internet Retailer, a whopping 60 percent of online merchants currently selling only in the U.S. are considering expanding to international markets in order to ride the gravy train of global ecommerce.
Payments are a crucial part of international ecommerce strategy. Having acquiring banks in the targeted geographic areas allows you to
The best way to grow your business internationally is to participate in a global banking network. The network is designed for high volume merchants that want to quickly and easily establish multiple acquiring relationships.
A single plug in to the bank network gives you access to banks located throughout the world. One application gives you access to all the banks in the network. It is flat-out the simplest and fastest way to establish international payment processing solutions.
All accounts include multi-currency processing. Shoppers pay in their own currency, increasing buyer’s trust of the merchant. And keeps shoppers focused on purchasing, not figuring out a foreign currency.
Without using an international bank network, global ecommerce merchants are forced to negotiate with multiple banks and deal with each bank separately. Individual banks across geographic regions present an infinite number of administrative, technical and regulatory issues. Fee structures become overly complex. And managing fraud risk in a fragmented manner is disruptive and ineffective.
The bank network gives merchants the ability to function on a single platform through a single acquiring network. Electronic payments are handled through the unified network. ecommerce merchants. The global platform helps merchants control the operations, risk, and management of international payment processing. It's the perfect solution for high volume international merchants.
Benefits of a Bank Network for International Payment Processing:
Are you interested in international merchant accounts for your business?