Having a High-Risk International Merchant Account will let you help your business to achieve true success. With this account, your business will get the ability to accept multi-currency credit card transactions through the website. With the help of multi-currency payment processing, you can expand your online business across the international borders.
What Makes an International Business High Risk?
Having a business in foreign countries possess more risks than in the domestic markets. This happens because every country has different government policies, cultres, customs, and regulatory bodies. Such issues lead to:
- Delayed payment: Because of different laws, in some countries, the payments may only be collected after the merchandise has been received by the consumer.
- Chargeback Issues: In abroad, business is more likely to be subject to fraud and chargebacks
- Return rights – In some countries, unhappy customers are legally entitled to return goods back to the merchant within a certain time period.
- To expand a business internationally requires an understanding of each country, its regulations, the purchase behavior of citizens its unique fraud profiles. It helps the international business stabilize itself in foreign countries.
Benefits of Having an International Merchant Account:
1. Multi-Currency Processing
This feature allows the merchants to accept payments in all major world currencies and keeps shoppers focused on making a purchase rather than figuring out currency conversion.
2. Secure Payment Processing
Offers the highest security levels for safe payment processing.
3. Helps in safeguarding your business
With extensive fraud-fighting weapons, having an International Merchant Account helps you to accept good orders and decline fraudulent ones.
4. Ecommerce Payment Processing
Offers a quick connection to your e-Commerce website and integrates the payment processing gateway into your internal systems for easy exchange of payment processing data.
The process to Apply for International Merchant Account with Paycly
Getting access to an International Merchant Account is a very simple and convenient process. The merchant needs to fill the online application form. Fill all the basic details and submit the form. Our professional representative will connect with you and assist you with further documentation. The documents required are:
- A live website
- SSL certificate
- Firm registrations
- Bank account details
After the complete application process, the merchant account will be activated once approved by the banks. If all the documents are proper and submitted on time, it won’t take more than 48 hours to set up your account.
To get more details of the high risk international merchant account, get in touch with us. Our expert team is ready to help you and will always be available to assist you at any point.
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