An International Payment Gateway helps the business merchant to start accepting online payments thorough credit cards and other electronic payment.
An International Payment Gateway, brings in a lot of benefits for the progress and growth of your business. So let us take a look at some of the advantages of International Payment Gateway below:
1) When it comes to online shopping, the financial information is not always safe. The information provided by the customers can be misused and unauthorized transactions can be done. But, not when you own an international payment gateway. The information provided is kept secured and encrypted with international payment gateway.
2) With international payment gateway comes the chance to accept online payment for your business across international borders, this increases the customer business for your business.
3) Just like with most of the payment gateway. International payment gateway comes with a shopping cart for your business, this helps the customers to save their desired products in the cart and checkout together.
4) The payment gateway is much faster and efficient process compared to the hectic and tedious manual process.
5) A payment gateway provides a 24/7 access to the customers and they can shop and use your business services any time of the day.
6) With international payment gateway, you can accept payments through online transactions from different countries and multiple currencies. This payment gateway also provides an exchange process for these currencies. Only the prevailing market rates are applied to the exchange process.
What is the Process of International Payment Gateway?
International payment gateway performs four simple processes. Let us take a look at this processes.
a) After selecting the desired products the customer enters the credit card details and this information is transferred to a secure payment gateway.
b) The received information by the payment gateway is now directed to the mechants’ bank for authentication.
c) Now the received information is either authorized or declined by the bank.
b) 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.
Why Choose International Bank Services (IBS) for Your International Payment Gateway Services?
International Bank Services (IBS), London, U.K. & Europe, 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 International Bank Services (IBS) provide international payment gateway with full-featured services and state-of-art security.