International credit card processing

Here we look at merchant accounts for national and international companies and how they work

What are international merchant accounts?

An international credit and debit card merchant account enables online and face to face businesses to accept payments worldwide in currencies determined by the account provider. Ideal for companies wishing to expand to a wider customer base or working within busy tourist based industries such as taxi firms or hotels.

Who requires international card processing?

International merchant accounts can be beneficial to companies wishing to achieve the following;

  • Accept payments in UK pound sterling abroad, face to face or online
  • Accept payments online in foreign currencies
  • Extend your customer base from national to international

How much does international payment processing services cost?

International merchant accounts are deemed slightly more high risk than a standard account. The reason for this is due to the increased risk of fraud and CHARGEBACKS and, as a result, the rates per transaction tend to be slightly higher. New merchants can expect to pay up to 6% depending on expected turnover, whereas merchants with a solid transaction history can pay as little as 2%

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International credit card payment processing

Our advisors are market leaders in providing card machines for international payments abroad. They are experienced in both long term and short term PDQ hire and have access to a range of international merchant account providers. Whether you are looking at a short-term chip and pin machine hire for an up and coming event or wish to expand your brand elsewhere, our industry experts have international merchant services covered.

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International internet merchant account

To accept payments online not only will you require an international merchant account but you will also need a payment gateway. The international payment gateway sits as a safety net between the customers bank account and accepting the transaction. It’s vital when opening a high risk international merchant account that you have the gateway to support it, maximizing customer safety.

HOW PAYMENT GATEWAYS WORK

International virtual terminal credit card processing

Securing a virtual terminal which can accept numerous currencies works in a similar way to accepting payments online. The employee will key in customers details on a screen which looks much like a check out page, when using a standard ecommerce store. These payments are known as MOTO (mail order telephone order) transactions. An international online merchant account and gateway will still be required.

VIRTUAL TERMINALS EXPLAINED

How do I find the best international merchant account?

International credit card processing companies range from large brands that you will have heard of such as PayPal and Cybersource to smaller providers which will be new to you. The fact is, that it’s not a case of finding a one size fits all solution, what’s right for one business might not be right for another. Your eligibility will depend on your location, currencies you wish to trade in, products you wish to sell and turn over. Our advice is to speak with an international payment processing expert who has the option of applying to numerous banks and providers – ensuring you get the very best deal.

Is there such thing as a free international merchant account?

Although most international merchant credit card processing companies do not charge to apply for he accounts, the ongoing costs do not tend to be free of charge. When considering international credit card processing fees, while trading online, you will have the cost of the gateway and the merchant account.

MERCHANT ACCOUNT FEES EXPLAINED

I require international mobile credit card processing, can you help?

Accepting mobile payments at home in the UK or internationally is straight forward to sort out once you have your account approved. Our experts suggest using a GPRS portable terminal to accept face to face payments.

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What to expect with international payments processing times?

We get asked this question a lot, the processing time will depend on the provider you decide to go with, some can be as little as 24 hours others due to the high-risk nature of accepting payments will take up to five working days. If this is of importance to you, make sure you ask your advisor or account provider prior to opening an international merchant account.

How Merchant Advice Service can help

Our international merchant services credit card processing team are ready and waiting for your call. If you are looking for an international online merchant account, wanting to accept face to face payments aboard, wish to ship products globally or want to accept international payments here in the UK, our expert advisors can point you in the right direction.

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Speak to us directly and get any questions you have answered. Submit your details and we’ll be in touch shortly.

Make a quick enquiry

Speak to us directly and get any questions you have answered. Submit your details and we’ll be in touch shortly.