Cross-Border Payments
As a multinational corporation, you are aware of the complexity of cross-border payments, or card payments from issuing banks in one region processed by acquiring banks in another. Distinct geographic regions have distinct currencies, laws, and payment methods, which sometimes necessitate the use of many software connections merely to take payments.
Cross-border payments may also experience increased expenses, decreased authorization rates, and higher checkout abandonment rates.
However, Global Payment King’s Payment Orchestration Platform provides a superior method of handling international payments, so you can maximize your return on investment.
Due to the notion that cross-border payments are high-risk, card companies charge businesses up to an extra 2% in cross-border costs on top of the usual interchange fees. In compliance with card brand guidelines, Global Payment King processes international payments as though they were local, wherever feasible, to save businesses money. We can lower your expenses when selling overseas by utilizing our worldwide network of banks, local currencies, and payment options, among other things, with the help of the Payment Orchestration Platform.
Selling to 200 areas with local card acquisition in 47 countries and Intelligent Payment Routing for greater authorization rates will increase transactions and save expenses.
By routing payments to attain the best acceptance rate, with automated retries when required, Global Payment King assures successful conversions.
For simpler reporting, combine multi-currency reconciliation. We can pay you in the 18 like-for-like currencies of your choice.
With the ability to take 100+ currencies and 100+ payment types with a single connection, you can localize the payment experience for your clients.
- Get Cross Border Payments Services now!
