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

• take advantage of lower “in-country” interchange rates.
• eliminates cross-border fees
• reduce foreign exchange expense
• decrease payment processing costs
• streamline account management and reconciliation
• manage all accounts from single portal

International Bank Network is the Solution

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.

Conclusion

Benefits of a Bank Network for International Payment Processing:

• Lower processing costs through favorable volume-based pricing
• Speed time to market by reducing resources required for development and support
• More effective deployment of fraud and risk management systems
• Consolidated reporting with tools for analytics, reconciliation, and transaction research

Are you interested in international merchant accounts for your business?   

Contact info@paynetsecure.net today to find out more.