Accept payments and currencies domestically and from around the globe with our international payment processing solution. Whether you’re a US or foreign-based business, diversify and grow your customer base by accepting payments from almost anywhere in the world regardless of their credit card currency.
DYNAMIC CURRENCY CONVERSION
Most global customers prefer the safety and convenience of paying with their credit card. With Dynamic Currency Conversion, give your customers the convenience of paying in the currency of the country where they’re making their purchase or in the currency in which their card is billed.
Reduce the cost of international payment processing and offer a better customer experience that sets you apart from your competitors.
OFFSHORE MERCHANT ACCOUNTS
For international businesses located outside the US or domestic merchants in a hard-to-place industry, finding an international payment processing solution can be tricky. Most payment processors are unwilling to support foreign-based businesses or high risk merchants with a history of high chargebacks, irregular and high transaction amounts, or unregulated products or services.
Take advantage of broader underwriting guidelines and higher processing volume caps by applying for an offshore merchant account.
Setting up an offshore merchant account is a little more complicated than most international payment processing solutions. Unlike most US payment processors, offshore underwriters will impose high monthly minimums or require processing volume floors to offset any risk or make sure they make enough profit to justify the relationship.
While the minimum processing volume varies from processor to processor, at SMB we require a minimum of $50,000 a month in credit card processing or that the business have a very strong financial history.
Finding a domestic processor to support your high processing volumes can be frustrating for high risk business owners. One of primary advantages of an offshore solution is more flexible processing volumes. Most offshore merchant accounts don’t have a hard cap, allowing you to aggressively grow your business without the worry and stress of reaching a threshold.
Offshore merchant accounts also have more relaxed underwriting criteria. For businesses offering unregulated products like CBD oil or nutraceuticals, an offshore merchant account will have significantly different regulatory rules or underwriting requirements than domestic processors.
Whenever an international credit card transaction is processed, the bank that issued the card reviews what country the card was issued in and where merchant account is located. If the credit card being used is located in a different country than the merchant account, a cross border fee is assessed. The fee is either:
By partnering with a high risk partner who supports multi-currency processing, you can avoid these additional fees.
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