Businesses that take international payments will need a type of payment gateway that offers global/multi-currency payments, as well as an interface with multiple languages, otherwise known as an international payment gateway. So, what’s an international payment gateway? Simple. Even if you’ve got a payment processor and a merchant account – two of the key pieces of software that are required to process card transactions – you won’t be able to receive a payment if you don’t have a payment gateway.įortunately, many providers offer an all-in-one solution. What is an international payment gateway?Ī payment gateway is a tool businesses use to confirm their customer’s credit and debit card details, making them vital for offline or online companies that authorise credit/debit card payments. The goal is to collect cross-border payments cost-effectively in a manner that international customers are comfortable with and that results in a minimum of manual admin.įind out everything you need to know about the top international payment gateways and international payment collection methods right here. Exactly how you collect payments will impact not only your bottom line but also the efficiency and productivity of your finance team. You should also consider your international payment collection method. But with so many different options to choose from, it can be difficult to work out which international payment gateway provider to work with. If you need to collect international payments in your business, you’ll need to start using an international payment gateway or a provider that offers cross-border payments. Most international payment gateways focus on card payments but collecting funds via international bank payments has advantages and is becoming more popular. International payment systems offer a variety of features aimed at specific types of businesses and use cases. The Top 10 international payment gateways will differ for every business depending on goals and requirements.
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