The rapid expansion of the internet and mobile devices has helped fuel the
growth of global ecommerce. Global ecommerce
sales are expected to rise to over $3.578
trillion by 2019. By taking your online store global, you can expand your reach
and increase sales to ultimately grow your business. In order to sell products
internationally, you'll need an international merchant account. Here's what to
look for in an offshore
merchant account provider:
Multi-Currency
Processing
In order to expand into new markets, you need to be able to
accept the local currency. There are 180 currencies recognized as legal tender
by the United Nations. Even if you're just expanding your product offerings to
a few additional countries or territories, you should choose an offshore
merchant account that's capable of accepting most of these currencies. As your
business continues to grow, this will enable you to sell your products in emerging
markets.
Competitive Pricing
Are the merchant account provider's fees fair and
reasonable? Make sure you understand the provider's rate structure prior to
picking a service. While some online merchant account providers require a flat
monthly rate, others base their fees on volumes and transaction values. The latter
can be more beneficial, as the amount you pay will directly relate to revenue
and how much you sell. Therefore, you won't be losing money in slower months.
Customer Service
In case you have questions or experience issues with your
account, you need an international merchant account provider that offers reliable
24-hour support.
