Credit Card Payment Processing
International Merchant Accounts
International merchant accounts are an important part of a payment processing strategy for any business that is conducting business world-wide.
In these days of global ecommerce, international merchant accounts expand market reach, increase revenues, reduce operating costs, and save you money on payment processing.
Save Money on International Payment Processing
International merchant accounts allow you to take advantage of lower “in-country” payment processing rates, resulting in substantial savings on payment processing fees.
Interchange rates vary between geographic regions. Processing transactions with a bank located in the region where payment is being made will always be less expensive than cross-border payment processing. And save you money on currency conversion.
For example, interchange rates in Europe are lower than rates in the United States. If a European buyer makes a purchase from a company that uses a US bank to process the order, the company will be charged higher discount fees for the transaction than if the transaction was processed through a European bank.
Plus, the company will be assessed additional fees for the cross-border transaction. And, since the European buyer is paying in euro, the money must be converted to US dollars for settlement by the US acquiring bank.
The same transaction processed through a European bank delivers more money to you instead of having profits eaten up by payment processing fees. Discount rates are reduced because of lower European interchange. There are no cross-border processing surcharges. And settlement of funds is in the same currency as the original transaction.
How International Merchant Accounts Protect Your Business
International merchant accounts are an important part of a long-term strategy for mitigating risk. Businesses with high volume merchant accounts are taking unnecessary risks by depending upon a single bank in one jurisdiction to process payments. International merchant accounts give you invaluable protection by mitigating payment processing risks.
Consider a high volume merchant account that processes only through a domestic bank. What happens if, due to politics, economic crisis, or regulatory changes, the bank is unable to process transactions? How will your company’s business operations and cash flow continue?
Having redundant systems and contingency plans in place is vital to your business operations. International merchant accounts provide an extra element of payment processing security for any company with high volume merchant accounts.
International Merchant Accounts Safe, Secure and Reliable
- Easy Application. Applying for an international merchant account is simple, fast and free.
- Save Money. Take advantage of lower “in-country” rates to reduce costs on payment processing.
- Reduce Risk. Diversification of payment processing gives you flexibility to respond rapidly to changing market conditions.
- Power to Grow. Perfect for high volume merchant account processing.
- Protect Business Operations. Redundancy of payment processing across multiple jurisdictions ensures payment processing continuity.
- Lower Operating Expense. Eliminate currency exchange fees and cross-border surcharges.