International Merchant Accounts
Companies use international merchant accounts to accept credit card and other electronic payment transactions from customers world-wide. International merchant accounts reduce payment processing costs, expand market reach, and increase revenues.
Benefits of International Merchant Accounts
- Expand market reach quickly and easily
- Increase sales and boost revenues
- Reduce payment processing costs
- Protect business operations by minimizing risk
- Take advantage of rapid growth of international ecommerce
Save Money and Boost Sales with International Merchant Accounts
Companies with domestic merchant accounts use international merchant accounts to reduce payment processing costs for international transactions. International merchant accounts allow businesses to take advantage of lower “in-country” payment processing rates, resulting in substantial savings on payment processing fees.
Suppose a business uses a US merchant account to process all credit card orders. If a buyer in the EU makes a purchase, the merchant will be charged much higher payment processing fees than if the purchase was made by a US buyer. If the merchant processed the EU transaction through an international merchant account, processing fees would be reduced.
International merchant accounts increase revenues by expanding market reach to buyers world-wide. An easy way for merchants to further increase sales is to offer payments in local currency. Buyers feel comfortable purchasing in their own currency and will respond by placing more orders.
Why Business Establish International Merchant Accounts
Companies accepting orders globally quickly discover that processing international payments through domestic merchant accounts is expensive. These orders are considered international transactions and are assessed higher payment processing fees.
For businesses in “emerging markets” few local banks offer online payment processing. Even merchants in “developed nations” can encounter merchant account restrictions limiting sales only to consumers residing within the country. International merchant accounts are the way these companies can accept payments from customers world-wide.
Your Best Choice for International Merchant Accounts
Businesses throughout the world use our services to successful establish and diversify payment processing with international merchant accounts. Companies have direct agreements with well-capitalized acquiring banks with guaranteed low rates.
Application for international merchant accounts is always free. Once approved, technical implementation assistance is provided at no cost. Superb service and complete customer satisfaction is our goal.
Case Summaries
- Online Dating Site. With a world-wide customer base, the company has a substantial number of global memberships. The company was processing all orders through a single merchant account. Financial analysis revealed that payment processing rates for international transactions were much higher than domestic transactions. Establishing offshore merchant accounts in different regions resulted in 50% immediate cost savings for these transactions.
- Health and Fitness Company. The company website available is 7 different languages. It wanted to make buying online friendly and easy. The company established international merchant accounts so customers could make purchases in local currency. The company believes a 20% increase in website sales was directly due to multi-currency payment processing.
- Digital Downloads. Music and video downloads. Merchant expanding customer base globally. Established multi-currency international merchant account for processing orders received from customers world-wide. The merchant also added mobile billing for micropayments and 17% of global sales are mobile payments.