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3 Excuses eCommerce Merchants Need to Stop Making for Not Expanding Globally

Expanding your eCommerce business internationally is far easier and less complicated than you think

Technological advances in the last decade have made the world much flatter, especially when it comes to selling goods and services online. Merchants who find success in cross-border ecommerce benefit by exposing their brand to millions of new customers and taking their revenues to new heights. In 2017, international ecommerce sales reached over $2 trillion US dollars! Yet, many merchants are hesitant to expand globally because they fear the unknown.

Here are 3 common excuses eCommerce merchants make that hinder their global growth aspirations. Selling internationally is much easier than you think with GlobalOnePay’s International Acquiring service.

I tried selling items abroad and saw my transaction fees skyrocket!

If you are currently using a standard payment processing service to sell items abroad, you were probably hit with ridiculously high fees. That’s because your merchant processor does not fully support international payments and charges you high interchange rates and currency conversion fees for every transaction. These fees can add up over time!

GlobalOnePay’s International Acquiring services give you domestic transaction processing in the US, Canada, Europe, Australia and New Zealand. What that means is you can do business in those countries, in their local currencies, while taking advantage of lower interchange rates, lower cross-border fees and automated currency conversion. If you are seeing higher demand from your consumers abroad, now is the time to stop making excuses about higher fees and sign up for International Acquiring from GlobalOnePay.

I don’t want the headache of setting up a separate 3rd party processor to manage my international transactions.

We agree. Having to set up your eCommerce merchant account with a 3rd party international processor is a pain! That’s why GlobalOnePay’s International Acquiring service offers one single gateway that allows you to process both domestically and Internationally. The best part - our acquiring solution allows you to process in over a hundred currencies. Our solution provides one-click access to rapidly growing eCommerce markets and is fully scalable and customizable. As your business grows abroad, we can help you expand by offering connections to more countries. Stop dealing with companies that require you to process payments with multiple, 3rd party processors. Switch to GlobalOnePay’s International Acquiring and let us do it all in one simple solution

Is managing multiple, 3rd party processors giving you headaches? Let GlobalOnePay do all your global processing with one simple solution!

I heard it’s risky to sell abroad because of higher chargebacks and declined transactions. 

One of the biggest excuses eCommerce merchants make for expanding their business abroad is the risk factors of higher chargebacks, declined transactions and shipment returns. And that may be the case if you are not signed up with the right merchant processing service to handle the risk. GlobalOnePay’s International Acquiring service is less risky because we provide merchants with direct access to banks in several countries. Direct access means closer ties with credible  banks, international bank cards and processing services so our merchants can run their business overseas as if they were based there. Our acquiring relationships also raise the potential for higher approval ratios and lower declines, so you can feel confident selling internationally. So go ahead and ship that item when a transaction comes through, and feel confident knowing that it won’t decline.

If you’re ready to stop making excuses and want to see your profits soar, contact us today to learn more about our International Acquiring service. GlobalOnePay offers a variety of global payment processing solutions designed to help your business expand and grow domestically and beyond.

Contributor:

Shallana Edwards

Shallana is currently the eMarketing Brand Manager for GlobalOnePay, a division of Pivotal Payments Inc. As an experienced marketer and writer, she wants to help eCommerce merchants navigate the complexity of the payments industry with simple tips, best practices and informative articles designed to help them grow domestically and internationally.