Multi-Currency Payment Processing Gateway

Multi-currency payments are available on both US & international merchant accounts.  Accept payments in 120 currencies.  Receive settlements in 25 currencies.

Multi-currency payment processing is the easiest way to increase sales from international buyers.  With a multi-currency merchant account, you display prices in the same currency as where the buyer is located.  And receive your processing settlements in any major world currency.

• Increase buyers’ trust. Shoppers are more comfortable paying in local currency. And trust merchants who display prices in familiar local currency.
• Keeps shoppers focused.  On making a purchase rather than figuring out what an item costs.
• Competitive edge.Accepting payments in local currency gives you a strategic advantage over your competitors that do not. And keeps you competitive with those that do.
• More sales. It’s simple. Customers buy more when they know exactly what an item costs in familiar local currency.  Accepting mult-currency payments expands your business and increases your revenues.

Easily accept multi-currency payments for eCommerce sales with an API connection to your website.  Take, phone / mail orders (MOTO) with through a virtual terminal.  Add multi-currency processing to your apps and accept payments from mobile devices.

Global e-Commerce Demands Multi Currency Processing Solutions

The world is quickly becoming one giant marketplace.  International buyers are purchasing goods and services at a frantic pace, with demand escalating every year.  

International eCommerce sales will reach $4.8 trillion USD by 2021.  Almost of 85% of the world’s eCommerce shoppers live outside the US   

Customers are increasingly comfortable buying the products they want regardless of where a business is located.  Smart companies make it easy for consumers to make purchases by pricing products in familiar local currencies.

Some customers shop globally to buy goods and services that are not available or are too expensive to buy locally. Others buy products as status-symbols.  For example, American fashion and luxury items are in great demand by shoppers world-wide where rising economies are creating affluent and status-conscious buyers.

US Sites Leading Destination for International Buyers

If you are a US merchant that does not use a multi-currency payment service, you are losing orders from customers world-wide who are eagerly shopping for US products. 

Market opportunities for US companies include Asia, Europe, Latin America, Russia, and the Middle East.  China, South Korea, India, UK, and Germany have a higher percentage of shoppers who buy online than the US.  Emerging markets such in Latin America, Mexico, India, Asia Pacific and Europe represent substantial opportunities for US companies. 

US products are coveted status symbols for customers world-wide. The Asia-Pacific region currently leads the world in the number of customers who regularly shop through ecommerce sites located outside of their country.  In China,, US luxury products are highly desirable as status symbols as the Chinese gain more economic power. 

The US leads the world in the number of ecommerce sites selling to global shoppers. Clothing, luxury goods, beauty products and electronics are the biggest draws for international buyers shopping on US sites.  Travel and hospitality are rapidly expanding markets. 

US shoppers also buy from international merchants. A trend that is sure to continue to grow in the coming years as global companies target the lucrative US-eCommerce market.

Selling Beyond Geographic Borders with Multi-Currency Processing

Global eCommerce is the next frontier for increased profits. Emerging markets world-wide offer extraordinary opportunities for growth. Yet, it makes no sense to target international markets unless you are prepared to accept payments from global buyers.    

Don’t risk losing sales because you don’t offer payments in local currency. Or because you don’t accept a favored local payment method.

Target your markets.  Display prices in the currency preferred by buyers in the regions you are targeting.   Accept multi-currency payments on your checkout page.  Make it simple for buyers to purchase from you.  Keep buyers focused on the sale, not on currency conversion. 

Multiple Payment Methods for Multi-Currency Processing

International shoppers expect to see prices displayed in local currency.  If the displayed currency is not familiar to them, potential buyers quickly leave your site& move on to another where multi-currency processing makes purchasing easier.

Card payments are used by buyers  world-w8id.  Cards are most popular in the US, UK, Australia, Canada, China & Japan.  The card brands are heavily promoting their products globally.  As a result, card usage for eCommerce payments will continue to rise in the coming years.  .

In Asia, Union Pay is the most popular type of card used.  US merchants need to accept this brand in order to maximize sales from Chinese & Asian buyers. 

Want More Orders from International Shoppers?  

The more payment methods you accept at checkout, the more sales you will make.

The fastest way to boost sales is by accepting the payment methods preferred by shoppers.  For instance, in the US, echecks are the most popular alternative payment method.  Simply adding echecks at checkout gives you a sales “lift” of 10-30% from American shoppers 

In Europe and Australia,  local bank transfers are commonly used to make online purchases   Other payment methods are preferred by buyers in different parts of the world. 

Research which payments are preferred in your targeted markets.  Add them to your site.  Watch your sales grow. 

Benefits of a Multi-Currency Payment Gateway 

Multi-currency processing is a standard feature of PaynetSecure global eCommerce gateway. Accept payments and receive settlements in your choice of currencies. 

• Gain a competitive advantage. Shoppers buy more from merchants that offer multi-currency processing. And will return to your site to purchase more.
• Sales increase when buyers purchase in local currency. Decrease shopping cart abandonment and watch your profits grow.
• Inspire trust in your business and show international customers you care about their shopping experience.
• Reduce processing expenses. Combine multi-currency processing with international merchant accounts to lower processing expenses while reducing foreign exchange risk.
• Extensive cloud reporting enhances management of multi-currency processing accounts.
• Automatically load balance multiple merchant accounts. View and manage all accounts through central dashboard.