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.
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.
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.
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.
Tedd Huff, VP of Products, is a 19-year veteran of electronic payments, providing businesses with strategic and tactical direction by enabling a value-driven user experience. His goal is to simplify the complexity of payments and promote growth in emerging markets through fields such as mobile payments, e-commerce solutions, online fraud prevention and security. Tedd has headed a FinTech startup and delivered innovation and process improvements for multiple dominant payment organizations. As Vice President of Product for GlobalOnePay, Tedd heads up a team of global payment specialists, helping businesses grow faster by accepting a wider range of payments from virtually any market in the world.