International Payment Gateway
Your one stop solution for International Payment Gateway
A Payment Gateway is a service that automates transaction of payments between the merchant and the shopper. It is a system of computer processes; process, verify and accept or decline credit card transactions takes place on behalf of the e-merchant, online securely. The International Payment Gateway infrastructure enables the merchant to accept electronic payment like credit cards.
International Payment gateways act as a middle party between customers and merchants. Payment is securely accepted from the customers and transferred to the merchants’ bank account.
More importantly, Payment gateways help to keep sensitive customer information safe. Customer credit card numbers and other account information are encrypted to prevent unauthorized access.
Simply put, payment gateways are the virtual equivalent of physical POS terminal located in brick and mortar business.
Take a look at some of the advantages –
- Fraud Protection – Financial information is not always safe when customers shop online. Customer account details can be misused by non-certified e-commerce websites to perform unauthorized transactions which ultimately lead to loss of money for your business. Hence, such details are thoroughly checked before a transaction is authorized.
- Extended customer base- Payment gateways enable shoppers globally to have access to your business which leads to expanding your customer base widely.
- Inclusive of shopping cart- More often than not, payment gateway programs are inclusive of shopping cart software. This software lets customers select products with just a click, adds them to their carts and then completes the purchase at checkout. Cost of the products, sales tax and shipping charges are all calculated by the shopping cart without the need of an employee.
- Quick transaction- Manual processing is a tedious process. Payment gateway is a faster and an efficient process and the customers can shop without waiting for long.
- 24/7 customer access- Payment gateway provides 24/7 access to your customers. They can shop at any hour of the day and from anywhere in the world.
- Multiple currencies- International payment gateway supports multiple currencies which eases currency exchange process. Prevailing market rates are applied to currency exchange rate. Payment gateways help quicker and cost efficient international business transactions.
A simple 4-step process:
- Selection – After selecting the desired product/service, customers enter their credit card details onto the payment page; this information is then directed to the payment gateway.
- Authentication - Once payment gateway receives this information; it securely transfers it to the merchants’ bank account.
- Authorization - Here, the transaction is either authorized or declined by the issuing bank or card. A message is sent to the merchant on authorization.
- Settlement - Finally, the transaction information is verified by the bank. The bank then settles the money with the payment gateway and then the payment gateway settles the money with the merchant.
InternationalBankServices.com, London, U.K., offers international payment processing that is affordable and efficient. Online business is a world-wide business. In order to build a successful e-commerce business, it is imperative that your business accepts online payment globally. We, at InternationalBankServices.com provide international payment gateway with full-featured services and state-of-art security.
- Our international payment gateway features helps you to accept payments from multiple countries, in various currencies. It also accepts every type of payment.
- We also support various global credit card options.
- InternationalBankingServices.com enables e-merchants to accept online payments from various locations and in different payment methods globally, with no extra conversion cost. With our international payment gateway services, you will be able to accept various currencies with no additional currency conversion cost.
- Our user-friendly international payment gateway is steady and efficient.
If you are an e-commerce company looking for a secure and efficient way to accept payments online globally, InternationalBankServices.com is one of the best solutions. For more information on our international payment gateway services, reach us.