The world has become an integrated commercial hub, allowing international retailers to expand their deals and perks beyond the borders. Organizations that have offshore merchant accounts with acquiring banks in specific business sectors save money on processing fees, increase customer orders, and reduce operating costs.
You may manage all payment processing accounts from a single control point thanks to a single module for offshore payment gateways. Because of the centralization, data can be processed more efficiently and quickly.

Businesses that want to accept credit card payments must put in place security measures, whether they accept payments in person or online. Online Credit card processing can be done safely and securely if the right precautions are in place. Businesses lost more than $700 billion in 2013 due to credit card theft alone. Accepting credit cards comes with inherent dangers, which can be mitigated by using the correct tools and systems.

The Payment Card Industry Data Security Standard, or PCI Compliance, is an information security standard for businesses that handle branded credit cards. The Payment Card Payment Processing Industry Security Council administers the PCI Standard, which is mandated by the card brands.

PCI rules must be followed regardless of the size of your company. They’re in a place to ensure that all businesses have a secure environment in which to process credit card transactions, lowering the chance of fraud.

The firm, the issuing bank, and the acquiring bank all transmit transaction information through a payment processor. A payment gateway is most commonly used in e-commerce or card-not-present transactions. To put it another way, it’s essentially an online point of sale terminal. Another distinction is that the payment processor authorizes the transaction, whereas the payment gateway notifies the business and the buyer of the transaction’s approval or rejection.

An international merchant account allows online and offline businesses to accept payments in currencies set by the account issuer all around the world. It is ideal for businesses looking to extend their customer base.

High-Risk merchant accounts are considered slightly riskier than normal merchant accounts. The reason for this is that the risk of fraud and chargebacks has grown, and as a result, the rates per transaction have risen slightly. If you want to accept payments online, you’ll need a payment gateway in addition to an international merchant account.

Some gateways only enable transactions in specific countries or currencies, severely limiting e-commerce options. Make sure the gateway you choose supports the countries and currencies in which you plan to conduct business.

Global firms, in particular, may consider using numerous Global Merchant Account to route transactions based on their geo-location. Having a second gateway also allows you to run A/B split testing to see which has higher acceptance rates based on important business factors.