PayCly Blog

How Does International Credit Card Processing Works To Boost Your Online Businesses?

Are you willing to expand your business at the global level? If yes, then you must need international credit card processing because it allows you to accept international payments hassle-free. As a merchant, you need to know the basic concept of international credit card processing.

Today, most customers prefer credit/debit cards to make payments, so you must provide credit card payment options to your customers, as a result, it will boost your overall sales.

Here, in this blog, we will discuss in detail the working process of international credit card processing and its features. So, let’s start.

What is International Credit Card Processing?

In order to, finalize credit card payments globally, international credit card processing is a multi-step procedure. Credit cards, a smartphone, and a strong internet connection were necessary to complete international transactions.

You may add that the procedure enables the merchant to take credit card payments from customers throughout the world. The merchant, the customers, and the credit processing provider are the three key participants in the entire international credit card processing procedure.

Along with these three entities acquiring banks, payment gateway, and issuing banks are also involved.

How International Credit Card Processing Works?

Any credit card processing either internationally or domestically involves three main steps: authentication, settlements, and funding. Let’s try to understand how international credit card processing work -

  • At first, the customer enters their card details on the merchant's website.
  • Your preferred payment processor receives a request for payment authorization from your online international payment gateway.
  • The transaction is first received by the payment processor's card network, after which it is sent to the issuing bank.
  • The issuing bank tells the card network, your bank, and finally the result directly after authorizing or rejecting the transaction.
  • Here, the settlement phase begins. Your international or high-risk payment gateway sends batches of authorized transactions to your payment processor.
  • The associated card networks receive information about authorized transactions from the payment processor and then debit the applicable issuing banks.
  • The issuing bank debits the cardholder's account for the transaction amount before transferring the funds to your business's bank account. It is the last funding phase.

International credit card processing works in the same way as any other credit card processing. Major credit card brands like Visa and Mastercard offer their services globally and most customers prefer these branded credit cards. Any customer can make a purchase as long as their card reader is configured to accept Visa and Mastercard or any other credit cards, regardless of where they are from or which bank issued their card.

When cards are used internationally, the card companies automatically compute currency exchanges based on the current exchange rate. The card issuer often levies a fee (between 1-3% of the transaction amount) which is reflected in the cardholder's overall purchase price in return for providing cardholders with this practical method of payment.

What Features does International Credit Card Processing have?

International credit card processing must have the following features.

Multi-currency Acceptance -

As its name indicate “internation credit card processing” means that it deals with international clients. Almost every international credit card processor has this feature. But, you have to look for the one who fits your business needs and accepts the currency of your target locations.

When we talk about PayCly international credit card processing, it supports 100+ international currencies worldwide.

Multiple Payment Methods -

International credit card processing can accept most credit/debit cards worldwide. Along with the global credit card, the merchant should also look at whether their credit card processing also accepts the domestic credit card of their target locations. It is essential for any merchant because not all customers prefer international credit cards.

Along with card payments, the international merchant should also include alternative payment methods. Some of the most popular alternative payment methods are -

  • Net Banking
  • E-wallets
  • Mobile Payments
  • Bank Transfer

Latest Technology Security Tools -

As international credit card processing accepts payment worldwide so, security is its top priority. Today, every service provider comes with PCI DSS compliance to protect the merchant and clients. The international credit card processor must offer the latest technology security tools.

Anywhere they desire to expand their business, the merchant should be aware of the potential for fraud, and they should always be prepared to take action to move their operations there. If you accept credit cards from other countries, you need to have a fraud management system.

Some of the most common security measurements tools are -

  • PCI DSS Level-1 compliance
  • Anti-fraud tools
  • Anti-chargeback tools
  • Tokenization

Fast Transaction Process -

Most international credit card processing has fast transaction processes. It speeds up the transaction process twice as compared to traditional credit card processing.

How to Get the Best International Credit Card processor?

Today, you can hassle-free get the many service provider that offers international credit card processing services, but we suggest you go with PayCly over any other service provider. PayCly is the complete payment solution that provides you with the best high-risk payment gateway or international payment gateway, international credit card processing, and high-risk merchant account.

PayCly international credit card processing offers you the following benefits -

  • With PayCly, the high-risk merchant account can hassle-free get approved because PayCly maintains a healthy and professional relationship with most acquiring banks worldwide.
  • We can accept multi-currency from all over the world.
  • Allows customers to make the payment the way they want. It means we offer various payment modes including the majority of credit cards.
  • It has PCI DSS Level 1 compliance and provides futuristic security tools like anti-fraud and anti-chargeback.
  • 24*7 real-time reporting
  • Excellent customer support services

Final Thoughts -

Your company can reach customers worldwide if you can accept credit cards from other countries. You can welcome clients into your online domains by enabling them to use the same credit cards they would use at home. Additionally, you may hassle-free draw in customers from around the world by accepting international credit cards online. The main benefit of accepting international credit cards is that it expands your customer base while allowing you to get paid in your home currency.

But, the most challenging work is to choose the best international credit card processing for your global businesses. So, we recommend you choose PayCly. PayCly is one of the most popular and leading payment service providers that deals with all types of enterprises, especially high-risk businesses. With PayCly, the merchant can hassle-free expand their business at the international level.

Contact the expert team to learn about PayCly international credit card processing services.

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