How Does International Payment Gateway Integration Work?

International payment gateways play a significant role in business stability, and every merchant must know about it altogether. Everything is essential, from required formalities for integration to the actual technical process behind it. Are you a merchant? If yes, the information below in this blog will be beneficial for you. Knowing the integration process helps a merchant find a suitable payment gateway.

Mostly the merchants know nothing about the technicalities of international payment gateway integration. But knowledge is the root of business success, and business owners should know everything about payment processing. After all, that is essential to get paid for their services and products and grow in the right direction.

Documents Required To Integrate An International Payment Gateway

The first part of integration is the formality part, without which it is not possible to start receiving payments.

  • Certification of incorporation
  • Commercial license of the company
  • Verified address proof of company office
  • Memorandum of association with the payment gateway (Agreement of contract in simple words)
  • Bank statements of a functional commercial bank account

Varied Parties Included In Payment Gateway Integration

A payment gateway integration happens through a network that joins varied ends. Before you know how things work in a payment integration, you should know the varied ends included in the payment processing. After all, a payment cannot reach a merchant without these ends.

  • Cardholder
  • Merchant website
  • Payment gateway
  • Merchant account bank
  • Credit/debit card network
  • Cardholder issuing bank

Actual Technicalities Behind International Payment Gateway Integration

The payment gateway for international payments works in a highly proficient manner. Many technical processes go behind the payment processing that looks simpler to the world. Let us get a bit deep into how things work in the payment processing network. This network makes integration possible and then operational for a merchant.

The customer initiates the payment after giving an order on the website. He presses the ‘pay now’ option or enters his card details to initiate payment.

The customer’s web browser sends the payment data to the merchant’s web server, which is done through encryption. This information travels through a payment gateway. If the merchant gives consent, the payment gateway can directly send the customer details to its (payment gateway) platform bypassing the merchant’s browser. This facility lessens the merchant’s responsibility on the part of PCI-DSS compliance.

If the customer data is sent to the merchant, then the merchant’s browser sends the data to the payment gateway. After this, the transaction information is sent to the card association, for example, Visa/Master card.

The card association then acts as an issuing bank and responds to the payment gateway on the transaction, whether it is approved or declined. After this, the merchant authorizes from his side to authenticate the payment. Without this, the amount cannot reach the completion stage.

After receiving the authorization from the merchant, the issuing bank gives the clearance for the final settlement of the payment. This clearance is sent to the merchant’s acquiring bank through the payment gateway. After this stage, the money travels through the network and reaches the merchant’s account.

Challenges Of International Payment Gateway Integration

An international online payment gateway goes through many challenges during integration. However, a merchant can handle them easily through relatable solutions. Have a look –

High Customer Expectations

The biggest challenge for a merchant because we know the competition is cruel, and customers have many options. If your customers visit the website to make a purchase and feel dissatisfied due to low speed, you may lose customers. But thanks to the artificial intelligence and automation that ensure speedy transactions and keep the customers happy.

Regional Challenges In Multi-Currency Payments

An international online payment gateway must prepare to facilitate payments in native currencies for its merchant client. Regional laws and regulations in every country are different, and the payment service provider has to keep proper knowledge of all of them. The good thing is that today international payment gateways are already more innovative and have all the required arrangements. They facilitate easy payments in every currency and in every country.

Complications Arise With Multiple Payment Gateways

The merchants who need multiple payment gateways have to struggle with the integration part. Many contracts, multiple set-up arrangements, and whatnot cause obstacles. He also needs a merchant account for all these payment gateways. But many payment gateways connect you to the merchant account providers. Besides this, nowadays, some merchants choose one payment solution provider company that provides all types of services, including payment gateway and merchant account. Eskaypay payment solution provider does the same through its extensive network of merchant accounts worldwide.

Long-Term Benefits Of Payment Gateway Integration

A merchant has many benefits of payment gateway integration besides just receiving payments. Have a look at some of the significant advantages.

Hassle-free transactions are the most significant advantage of payment gateway integration. For a merchant, a payment service provider handles all types of complexities. Whether it is about the speed of transactions or the related legalities, everything can be handled by the gateway company.

Increased customer trust attained through proper payment processing helps a business create goodwill in the market. By providing a smooth payment experience, a merchant earns name and profit, which helps sustain success.

Business expansion – Of course, when a business gives a speedy and convenient payment platform to its customers, it can become popular globally. It can reach the customers in new countries. Integration helps in getting payments in multiple currencies and from various countries. Business expansion becomes simpler when a merchant knows he can get paid from the new place quickly.

Conclusion

global payment gateway integration goes through many stages to ensure the security of the customer’s money of a merchant. For a merchant, it is essential to understand how things work because ignorance keeps them a slave to assistance for every minor issue. A payment gateway supports enlightening its merchant clients about technicalities. It helps get complete cooperation from the merchant. When the businesses know the technicalities of something, it becomes simpler for a payment gateway to work mutually.

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Why Can An Adult Merchant Not Survive Without a Global Merchant Account?

The adult industry is tagged as high-risk, and processing payments and managing global merchant accounts for the business is never a cakewalk. The most significant task can be to get a merchant account; however, things can become more straightforward with a proper understanding of the technicalities. As the merchants have to deal with the international customers and laws, it is vital to maintain the support of knowledge. If you are a merchant, ignorance about the basics and detailed information can be harmful to the stability of the business. In this blog, we will try to get into the nook and cranny of the global merchant account assigned to adult merchants.

What Is An Adult Global Merchant Account?

An adult global merchant account is a commercial account where a merchant receives money from its customers. The money sent through the credit or debit card, mobile payments, etc., reaches this account through a payment gateway. Due to the high-risk nature of the business, the traditional banks do not provide a business account to the merchants. The business owners get an international merchant account by acquiring banks situated in different countries. Adult businesses usually have bulk transactions, and for that, an adult global merchant account is necessary.

Adult Merchants Keep More than One Global Merchant Account – Is It True?

Adult merchants have a very high volume of monthly transactions, and one merchant account cannot be sufficient. The congestion during peak hours of payment can slow down the process. The risk of financial fraud is also there every time in a high-risk business. The merchants keep more than one adult global merchant account to balance the risk.

What Are the Benefits of An Adult Global Merchant Account?

A global merchant account for an adult business comes with many benefits and helps the company stay stronger and safer from any threat. The robust system network between the merchant account, payment gateway, and the merchant works effectively to make daily operations hassle-free. Here are the several benefits of an adult global merchant account in handling global payments.

Extended market reach is perhaps the first and lifelong benefit of having a global merchant account for an adult business. We all know that this industry has the potential to grow but only when a company gets on the worldwide platform. A global merchant account allows you to approach new customers in varied countries. If they get satisfied with your services and products, you can expand business there with many new branches. Also, you can spread your wings to new countries if you have suitable global merchant account solutions. Eskaypay global merchant account solutions for adult merchants have connected many businesses with the worldwide platform.

Multi-currency payments are smoother – Adult merchants depend totally on multi-currency payments, and for that, an adult global merchant account is an undeniable need. Thanks to the presence of proficient high-risk merchant account services that offer the best experience to the merchants. You will surely agree if you also run a business in the adult entertainment industry. However, it is necessary that you always confirm from the merchant account service provider that it offers multi-currency payments in your desired parts of the world or not.

Gain goodwill with a renowned global merchant account – High-risk businesses always struggle to earn goodwill in the market. They are already under the notice of the legal institutions because the adult industry does not have a sophisticated image. But if a renowned acquiring bank connects with the merchant, it becomes simpler to create a good impression in the eyes of the market. If a merchant wants to take a loan, he can show that a renowned bank manages his payments. Everything relates, and this aspect leaves a good impact on the image of the adult merchant.

Innovative safety tools for safer transactions between merchants and customers – Is anything more important than the safety of transactions for a high-risk merchant? No, certainly no. Global merchant accounts provide security to the money of a merchant’s customers. Artificial intelligence, automation, PCI- DSS compliance, etc., many tools work together to ensure safer transactions on a daily basis. It is not an exaggeration to say that the safety measures implemented by the acquiring banks act as the backbone of the business. This safety becomes more potent with the safety tools of payment gateways working with merchants. After all, to reach the merchant account, money needs to first travel through the payment gateway. That is the first significant platform through which customers make payments.

Why choose EskayPay Adult Global Merchant Account?

Eskaypay, a merchant account, and payment gateway solution provider, already serves many adult merchants. It has a worldwide presence with its widespread network of acquiring banks. Here are some reasons you should choose Eskaypay global merchant account solutions.

Simple application process – We handle your application process when you apply for a merchant account. We know this industry very well through our experience of years.

High–volume adult merchant accounts – We have specialization in high-volume adult merchant accounts. Our expert team ensures smooth operations for you.

Web-based API integration – Accept payments on your website or through a mobile application. Our friendly API integration gives you a predictable atmosphere to get paid.

Chargeback management system – We manage your chargebacks and bring them to the lowest level. Our chargeback management strategy is strongest in the payment industry.

Assistance round-the-clock – Day, night, early morning, noon, evening, and late-night, our team of experts is always there to help you in case of any technical and operational issue.

Conclusion

An adult global merchant account is an essential part of an adult business because a merchant cannot do business without it. It is the first requirement for a reliable payment gateway for worldwide reach and safer transactions. The adult industry is indeed considered an extremely risky industry, but at the same time, it is true that this industry has a great potential to earn. Every year, the business owners make millions and billions. But that is possible only when you have the right international merchant account solutions for a worldwide presence.

Popular Ways to Accept Payments Gateway in the UK

 The United Kingdom has some popular payment Gateway methods and to run a business here you should know what are those. Yes, it is predictable that the economy is getting digital like any other economy in the world. But the known payment types in a country can always differ from the other. Business owners especially from high-risk industries need to work on this aspect seriously. In the world of commerce, things can be very specific sometimes.

Here are the popular payment methods in the United Kingdom that you should know about.

Cards

Yes, you got it right. We are talking about credit cards and digital cards, which are among the most popular payment options as we already know. When it comes to online sales in the UK, the cards card payments occupy up to 53% of total sales. Debit is an important payment method in the UK. With the increase in contactless payments, tap cards are also in use now.

Benefits of card payments –

  • Convenience to make faster payments is the topmost reason.
  • Safety is uncompromised nowadays due to 3D secure payments.
  • If used wisely, it helps improve credit score with every timely installment payment.
  • Takes the user closer to the digitized and paperless economy.

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Digital wallets

A digital wallet is an electronic wallet that allows a user to make electronic transactions while using digital currency units to purchase a product or service. Perhaps it needs no more detailed introduction because people across the world are already using it. The widespread use of digital wallets explains why the progressive economy of the United Kingdom embraces it as one of the most convenient payment methods.

Benefits of using digital wallets –

  • It allows you to be more organized as it gives strong security
  • The users get rewarded for every purchase they make
  • A faster checkout facility is available through contactless payments
  • Wide use allows the merchants to expand the business

Virtual Cards

The new payment cards have joined payment trends and they have become popular quite fast. Virtual cards are electronic cards that are not issued physically by banks like credit or debit cards. It is created by using credit or debit card details. Normally there are no charges for them and can be used conveniently for making payments. Virtual cards are making a fast place among the most popular payment methods in the UK.

The benefits of virtual cards are –

  • The virtual cards give uncompromised security during a purchase
  • It has a lower cost because there is no issuing charge.
  • The user can always track their spending to get an idea of overall expenses.
  • Users can customize their spending limit and can also freeze or close it.

Buy now pay later

In this payment method, the provider of Buy Now Pay Later pays the entire bill of a purchased product or service. The customer then pays off the amount later to the provider without interest in small installments. The UK merchants are connecting with this payment service quite fast because it is convenient for the customers of every sector.

Benefits of buy now pay later –

  • It is interest-free, and the customers do not need to worry about hefty installments
  • Friendly payment option even for younger people like students, underemployed, etc.
  • The installments are small and affordable, and pre-payment is also possible.
  • It is simple, convenient, and an affordable alternative to credit cards.

Bank transfer

Bank transfer dropped for some time during the pandemic, however, now it is on rising again, especially in the UK. It is not an exaggeration to mention that bank transfer is among the most popular Payment Gateway in the United Kingdom. As the banks also give facility for direct debit in case of regular payments, it is a popular way of taking payments among the merchants.

Benefits of bank transfer payments –

  • Money travels through a safe banking system
  • Fully electronic payments are convenient and speedy
  • The payment process is customer-friendly
  • No payment reversals happen which is good for merchants

Cash

United Kingdom people have no problem with using cash but it is true and we all know that in the last three years the cash payments have dropped. The pandemic made the UK citizens avoid cash payments. If you take an example, only 17% of e-commerce transactions happened using cash. However, if the time gets normal, cash payment should make a comeback for sure. It is because there are many good reasons to make cash payments.

  • It makes you control spending because you realize it closely when you give money.
  • No security issues because cash does not need to travel through any network.
  • Buyers do not need to pay any transaction charge; it saves money on recurring payments.
  • Cash payments are always good when it comes to emergency circumstances.

How merchants can get more profit by working on multiple ways to accept payments in the United Kingdom?

Merchants always plan to expand to new horizons and earn more profit and money. For that, they need to make a smoother reach to the customers and customers use their preferred payment ways. In such a situation, all merchants need to enable as many payment options as possible. As the UK natives have their preferences, it is good for the businesses to accept money in different ways.

The businesses can sell their services and products to more people and can earn a big profit as compared to those who have fewer payment options. EskayPay, the well-known payment gateway can install any payment channel and method on your business website. Contact now and get your query solved and start taking payments from your UK customers soon. You can also get assistance to get a merchant account through an affordable deal.

Conclusion

The United Kingdom is always ready to embrace any new change, however, at the same time, it is still a traditional country. The presence of cash payments (which may be small in quantity) and a bank transfer system explain it well. You as a merchant need to make parallel moves with the change in the payment trends. Your merchant account approval and payment gateway choice depend a lot on your payment methods. This is something that is decided by people or the customers you have. You can only provide customers with the facility they want to pay for the things, it is not a complicated way to grow bigger in the market and attract more customers. Right?

Top Qualities to Look For in a Payment Gateway in Estonia with a High Success Rate

Finding a payment gateway with a higher success rate can be tricky if you do not know its primary qualities. But don’t worry; it is not difficult to spot such payment gateways if you know about some noticeable factors. After all, association with a payment solution provider is long-term, and it is not wrong to spend some time researching and finding out the best one. Once you find the right one, it will be great for the business and its growth. After all, we know that a gateway with a success rate helps attract more customers and retain them forever.

Here are the top 5 qualities of a payment gateway in Estonia with a higher success rate. Give attention to the points below and take one step towards your business stability.

What is the Success Rate?

The success rate is the number of completed transactions out of total transactions. You can easily calculate the success rate by dividing the successful transactions by the overall transactions. A success rate of 90% or above is considered good. If you talk about the failed transactions, there are mainly two reasons behind it. One reason is unsuccessful transactions from the customer’s side, and another reason is the failure from the merchant’s side.

Qualities Behind Higher Success Rate in a Payment Gateway Estonia

After knowing the meaning of success rate, it is time to understand the qualities that a payment gateway with an impressive success rate owns.

Speedy Checkout with Extensive Stored Data

Find the payment gateways that have extensively stored data of existing customers. It should have examples to present to you that it has millions of stored data of customers. Something so popular among people will attract your customers too. Many of your existing and prospective customers may already use the same payment gateway.

When a payment gateway has vast customer data stores, the checkout process becomes speedy because the customers do not enter the details repeatedly. As a result, the success rate automatically goes high because this one factor impacts how frequently people use a gateway.

Large Scale Transactions

Another secret to a higher success rate in a payment gateway is the capacity to process many transactions. This quality is specifically helpful for the high-risk merchants that process a bulk amount every month. To regularly process millions and billions of money, a payment gateway works thoroughly to create a robust payment system, which improves the success rate. When billions of customers with a global presence need to trust a merchant, hefty transactions happen. An example of an online casino will be perfect here because we all know how widely people play on online casinos. The abundance of games and rewards is promising for the customers and gives more chances to merchants to earn. Payment gateways have to keep a high success rate to keep both the merchants and their customers happy.

The ability of a payment gateway to process transactions depends on how many transactions it can process in one second. However, the power of the server on which it works is an essential factor that works behind it. There are payment gateways that process 3000 transactions per second, and there can also be gateways with millions of transactions per second. You need to find the one that is best according to your industry. It is not difficult to find a high-risk payment gateway in Estonia for your business, irrespective of industry type.

Strong Safety Tools that Make Money Travel Safely

Of course, a high success rate can never be attained if a payment gateway has compromised safety arrangements. Artificial intelligence and automation help payment processing companies commit safe money transactions for their merchant clients. The PCI-DSS compliance is already a decisive parameter both for the payment solution providers and the merchants. Also, the safety measures like 3D secure payment gateways make both the merchant and the customer more responsible.

With more robust safety measures, it is possible to reduce the chargeback issues and nullify the security threats. With no stress about the safety issues, every payment gateway in Estonia can work on the success rate. Customers always use the payment gateways famous for providing a safe transaction atmosphere. The PCI-DSS tag displayed on the website and the gateway platform is sufficient to make people use it. When people trust a payment platform, the success rate naturally improves.

Acceptance of Multiple Payment Methods and Multiple Currencies Reduces Cart Abandonment

Everything relates, right? When a payment gateway accepts many payment methods, it helps merchants reduce their cart abandonment issues. The customers have every payment option, so they do not leave things incomplete and finish purchasing on a website. Payment solution providers cannot limit their options on payment methods and currencies these days. The competition is challenging not only for the merchants but also for the payment gateways.

Business owners with expansion plans always want a payment solution company that gives them the liberty to spread their wings in any direction. If the company plans to expand its business in a new country, the payment gateway should have arrangements to accept that nation’s currency. The payment services with a presence in many countries always have a higher success rate of transactions. After all, that is why they could spread their services to such a large scale.

Conclusion

If you currently have plans to look for a payment gateway with a higher success rate, do not forget to consider the above-mentioned qualities. Your market research depends on your discretion, but there are always some generic factors that run an industry. The payment solution industry also runs on some principles, and they help a merchant run a smooth business. Usually, the established payment gateways have the features above, such as the EskayPay payment gateway in Estonia, a famous example with other known names. A simple hint of the noticeable factors can help you choose the right solution provider, and from day one, you can start accepting payments. At last, get paid faster and grow faster.

More Blogs:

Tips To Get a High-Risk Merchant Approval on a Your Online Business

How a Payment Gateway in Georgia Works to Meet Global Market Needs

Best Payment Gateway Providers UK

How an International Payment Gateway Facilitates Hassle-Free Online Payment for Your Business?

A payment gateway is not just a bridge between the customer and the merchant, but it solves many other purposes for a business. The role is more prominent when it comes to an international payment gateway. Are you a business owner taking payment gateway services? If yes, you can easily understand how versatile the role of a payment solution provider company is.

In the past few years, online payments have increased considerably, and that is where we need a gateway for smoother transactions. The sellers and the buyers need a predictable atmosphere and infrastructure to make the money travel safely from one end to the other end.

There is no doubt that an international payment gateway company simplifies daily transactions and helps in many other ways. It is essential to understand all those ways and aspects where such a company satisfies the commercial world.

An International Payment Gateway is a Bridge Between Merchant, Customer, and Merchant Account Provider

Yes, that can be considered the most crucial role of a payment gateway service provider because it is difficult even to imagine a business without this. In the global market, companies have to face many challenges, and when the customers are worldwide, the biggest issue is the safety of their money. Before a merchant gets paid for its services or products, it needs to have a safe payment system through which money can travel safely.

The international payment providers create a safe route for daily transactions. When a customer makes a payment, the payment data first comes to the payment gateway company. The company then transfers it to the bank/credit card processors; the money is released once the transaction is approved. The released cash goes to the merchant account finally. The whole process does not take much time due to the strong support of gateway companies.

It Provides Security through High PCI-Dss Parameters

The biggest reason behind all the arrangements for daily transactions is security. Any business can receive payment from its customers, but the issues of fraud and chargeback are always there. These problems can cause a financial loss to the company and the customers and can also affect the goodwill of a business. A merchant cannot play with his excellent image in the market, so he is always possessive about the safety of his customer’s money.

It is already a rule for every merchant and a payment gateway to follow PCI-DSS regulations. The abbreviation stands for payment card industry data security standards. The payment gateway companies ensure an uncompromised safety for their merchant clients. Neither the merchant nor the payment gateway provider can perform their daily operations without following these security standards. Safety standards should secure anything related to transactions between the merchant and customer. Any compromise in security can immediately spoil a business and may even close it soon.

A payment gateway for international business gives your multiple payment methods

As a merchant, you can understand how important it is to get access to varied payment methods. Businesses with an international presence have to install multiple payment platforms for their customers because buyers will not compromise on their comfort. If they are happy with mobile payments, they will do that; the attitude is unchangeable if they prefer credit card payments. All this can happen only with the help of a payment gateway.

Credit or debit card payments, buy now, pay later, crypto payments, e-wallets, bank transfers, or any other online payment mode is possible. If an efficient payment gateway solution provider works for you, you can easily reach new customers. To make a broader reach to the new parts of the world, businesses today depend on online payments and varied methods.

International Payment Gateways help get an Offshore Merchant Account to a High-Risk Business

High-risk businesses always struggle to get a safer system to process their transactions. They are prone to chargebacks, financial fraud, data theft, and customer identity theft. Due to such threats, they need to have an offshore high-risk business merchant account, but it can be tricky for a merchant to qualify for a merchant account. The banks that provide these accounts are stringent about their approval policies because they deal with high-risk businesses. These banks are called acquirers and they are situated in other countries.

Somewhere their network and other customers may get into the threat. Imagine a hacker uses a virus to hack an account of a casino customer. The virus enters the system of its merchant account provider bank; you know how much harm it can cause. It is why acquiring banks approve only those merchants with a lower chargeback and lesser or no threat of fraud.

The payment gateway providers suggest the best ways to lower the chargeback ratio to their merchant clients. Also, they tell them how to improve the website content and ask them not to mention anything issue creating, such as fake commitments. It keeps the merchants away from the eyes of the legal institutions. Also, some payment gateway companies provide merchant accounts through their network of acquirers. Eskaypay merchant account is a suitable example of it. The gateway completes all the formalities for the merchant to apply to an acquiring bank for a merchant account. Isn’t that an immense comfort? Indeed, it is.

Conclusion

You agree that the above points sufficiently explain the importance of an international payment gateway for global businesses. In the atmosphere of uncertainty in the international economy, every business is already insecure about its future. In such circumstances, the role of payment gateways becomes more critical to ensure safer transactions between sellers and buyers.

Thanks to the FinTech trends that always offer advanced ways to simplify financial services and transactions. With a more predictable atmosphere, the customers also make payments confidently, which gives the benefit of customer loyalty to the businesses. Today, many payment solutions providers like Eskaypay, Braintree, Paypal, and many more. You should always choose your gateway that precisely satisfies your business needs.

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