Reliable payment processing powers your business growth. Boost revenues, expand market reach and protect your business with superior technology and guaranteed results.
Tips for International Payment Processing
Ecommerce businesses merchants increase revenues by offering products and services to consumers world-wide. By following a few simple guidelines, internet merchants boost sales business operations safe.
- Payment Gateway. International ecommerce increase sales. However, there is little doubt that international orders carry a greater degree of risk than domestic sales. Using a payment gateway with superior fraud detection and risk protection settings safeguards your business. A good payment gateway has many features that help merchants mange risk. Properly configured, the payment gateway will help identify good good orders while denying fraudulent ones. For example, there are certain countries that are notorious for on-line fraud and it is wise to block buyers from these countries. Become familiar with and utilize all the tools the payment gateway provides.
- International Shipping and Policies. Clearly show international shipping terms and conditions, including informing your customers if they may have to pay additional duties and taxes. Let your customers know how the product will be shipped and how shipping can be tracked online. Notify your customers of return policies. If you do not have 24/7 customer service, be sure the hours of customers service operation are posted, including time zones.
- Multi Currency Processing. Display the purchase price in the currency of where the buyer is located. You can display the currency based on the IP address of the buyer. Or you can use a drop down menu and the buyer can click on the preferred currency for payment to display the amount. Convert sizes, weights and measures. Clearly display product specifications in based on the location of the buyer or offer a drop down menu for conversation.
- Offer Local Payment Methods. Credit cards are popular in US, UK, Japan and Australia. Local bank transfers, direct debits, and other payment methods are the preferred way to pay in other locations. Give your buyers the opportunity to pay you in any way they wish. The more payment options you offer, the more sales you will get.
- Get Charge-Back Protection. If you are selling high ticket items internationally, invest in a service that will protect you from financial losses caused by chargebacks.
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