International merchant accounts usually include advanced features which are rarely found in domestic merchant accounts.
Multi-currency processing, international fraud capabilities, ability to accept various types of credit cards, improved reporting capabilities and a higher acceptance rate are all usually included when opening an international credit card processing account. Multi-currency processing enables a merchant to sell his goods or services in his shoppers’ local currencies. This ability usually opens additional markets, decrease abandon rates and increase total volumes. Smart online merchants use this feature with IP locator and upload the site in the shoppers’ local currency upfront. This feature immediately enhances the local shopping experience. Many providers offer a merchant account, yet when trying to apply one finds they mostly serve US domestic businesses. If you are a non US merchant looking for a credit card processing solution you need to consider either a local provider or an international credit card processing account. Most US merchants will apply for a US domestic merchant account, yet, in certain cases, you may discover that it is easier to open an international merchant account (or a high risk merchant account) than to get an approved domestic merchant account. Though international credit card processing sounds like the perfect solution, it will usually be tied to higher processing costs. As in any business decision, you should consider pros and cons, check available alternatives and compare prices.
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