International Payment gateways for your business expansion

By IndianCEO Team

Posted on June 18, 2020

The Internet has changed the global scenario where geo-restrictions not matter. We can buy anything from anywhere irrespective of national boundaries, and secure payments are the most crucial part of international business.

Online payments are gaining popularity and are becoming ubiquitous. If you are also thinking of commencing the trade within national and international boundaries, then to know about payment gateway is extremely important for you. 

In this article, we will know about a secure and safe payment gateway that will help you quickly trade.

Before directly moving towards various Payment Gateway, let us know is Payment Gateway.

Payment Gateway:

Payment Gateway is the software and the servers that safely transmit the money. These payment gateways help communication between the banks. Securities in these gateways are vital, and they use high-end security for its users so that they can protect you from fraudulent parties. 

The payment gateway that integrates broad selection for each country with the most popular and familiar methods is always the best to use as a customer. 

Now, let’s look at some of the prominent international gateways that will help you trade with other countries easily.

TransferWise

It is a UK based electronic transfer money company, and it is available in 12 different languages. They charge some commission for the transfer, but it is a safe and secure way to transfer your funds, but creating and managing money on TransferWise is free. Along, with it TransferWise has many features:

• Large money transfer
• Multilingual
• Security
• Low rates exchanges
• Security tools

Skrill

Skrill is one of the UK- based eCommerce payment gateway founded on 27 July 2001. Skrill is owned by Skrill Limited. The main motive to launch Skrill was to make payments and money transfers of businesses and consumers through the Internet, along with a focal point on low-cost international payments. Through Skrill, you can also pay for services rendered and products. Skrill is also available as mobile applications. Other features of Skrill are-

• Low-cost payments
• Simple and instant
• Integrated with third-party shopping sites
• Support in-app payments

Paypal

PayPal is an American payment platform founded in the year 1999. PayPal provides facilities in more than 200 countries around the world. PayPal is free for buyers, whereas merchants need to pay transition fees while using PayPal for VISA payments. There are 100+ currencies available in PayPal. Mobile applications of PayPal is also available. PayPal’s other features are-

• Credit card support
• Predictable flat-rate pricing
• Perfect for low-volume merchants
• Customer support
• Daily settlement

Stripe

Stripe is one of the US-based online payment company, settled up in 2010 by Petrick Collison and John Collison. The Stripe provides facilities in 25+ countries and mainly used in three countries- the United Kingdom, Canada, and Australia. It also offers the online banking framework that allows individuals and companies to receive online payments and fraud blockage features. More decent features of Stripe are-

• Customer support
• Billing feature
• Integration with WooCommerce
• Anti-fraud tools

Authorize.net

Authorize.net is the United States-based electronic payment company founded in 1996 and considered one of the popular payment gateways for the E-Commerce business. Authorize.net permits merchants to accept credit cards and electronic cheque payments through their web site. Approximately 83% of the customers of Authorize.net are of the United States. Additional features of Authorize.net are-

• 24/7 free support
• Secured encryption
• Advanced fraud detection tools
• Wide range of currencies supported
• Automatic recurring billing
• Mobile applications

International Payment gateways for your business expansion