Which Merchant Services are Available for International Business?

Etini

Valued Contributor
Globalization has shrunk the world and has given businesses that desire a huge market the world as their marketplace. This has been spearheaded by the advent of e commerce and expansive logistics services. However, to take advantage of this world market, you would need a global merchant service to help your e-commerce platform to receive payments. Let's look at some merchant services that facilitate international payments and patronage for a business.

1) Stripe: It is user friendly with a very simple interface. It supports a wide array of international currencies and integrates with other payment platforms. They have a rather high transaction fees.

2) PayPal: A very popular solution for international businesses. It has a simplified and real time currency conversion. What people complain about them is their extensive hold time on transactions.

3) Payoneer: Payoneer has the advantage of support for a wide range of payout into so many local currencies and bank accounts. Individuals complain of complexity in their checkout process though.
 
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