Once you expand your business across the border and set up an E-commerce store, the next step is to select a credit card processor that would help in processing card payments.
International payments, also known as cross-border payments, are funds that your customers transfer from another country. To receive these funds, you need a credible credit card payment gateway such as global payment services.
These payment providers process the funds to transfer them from the consumer’s account to the merchant’s account.
The best credit card gateway providers do not only help make transactions, but they also provide you with various alternative modes of payments and customized solutions for your industry.
But with the exponential growth of e-commerce stores, hundreds of credit card gateway providers are offering their services.
So how do you trust them with your funds, and what should you know before consulting credit card gateway providers? Read below to learn about payment processors.
What Is a Credit Card Processor?
Credit card processors are online payment systems that allow users to make online payments for their purchases.
These payment processing companies comply with PCI guidelines. PCI guidelines are a set of security standards for processing card payments online.
Payment processors execute transactions between consumers and merchants by transmitting the data to the issuing bank and the acquiring bank.
To accept credit card payments, merchants have to make a merchant account with a service provider.
What Is a Credit Card Payment Gateway?
A credit card payment gateway transmits online payment data to a payment processor. A payment gateway also authorizes non-card payments by providing alternate payment methods to ecommerce websites.
The primary difference is that a payment processor facilitates a funds transfer while a payment gateway handles the approval and decline of transactions between merchants and customers.
With a payment gateway, processing card payments become more simplified as transactions are immediately processed. They also send notifications to the customer and the merchant about the transaction being successful.
Processing Credit and Debit Card Payments Online
Many online stores and businesses need to accept traditional debit or credit card payments as customers do not provide their banking information every time they have to make a transaction.
In this case, choosing a processor for processing card payments is a good strategy to avoid losing customers at checkout.
You can partner up with a payment processor to accept credit cards online. It is a very economical option as you can choose a processor with low fees.
Setting up an ecommerce store linked with a payment processor simplifies the process of making payments for your customers.
It also helps you receive payment from your customers on time, minimizing the hassle of manually collecting money from every consumer.
If you have set up an online store or if your business has expanded its market to other regions, online credit card processing is your best solution for collecting payments.
Some credit card payment gateway providers such as Oceanpayment also allow your customers to pay over a longer time.
Thus, processing card payments online helps you get rid of financing headaches. An automated process also increases your cash flow as it cuts down delayed payments.
Best Payment Processor: Oceanpayment
When you choose a credit card payment gateway for your business, make sure that it supports alternative payment methods that will help your business’s global market.
For example, when your business expands, you will require a credit card payment gateway to accept cross-border payments from your customers.
This payment gateway should also offer various other modes of payment for international customers. This is where Oceanpayment, a global payment company, will help simplify collecting cross-border payments from your customers.
This company simplifies processing card payments online. It also offers all types of small and large-scale businesses customized solutions for payment methods.
Oceanpayment offers 500 alternate payment methods to merchants who wish to expand their business across the borders.
Many international customers are confused about making payments via payment service providers because they are concerned about data breaches and theft. Oceanpayment offers maximum transparency.
This global payment service has worked with thousands of businesses to provide them with the most secure and safe transactions.
In addition, Oceanpayment provides solutions for various e-commerce related problems such as limited payment methods, data breaches, etc.
Here are more details about Oceanpayment that make it the best processor for processing credit card payments online.
All-In-One Solution for Online Payments
Oceanpayment is an all-in-one solution for processing card payments for your online store. It supports various user interfaces such as TV, mobile, and desktop to allow the customers to make payments via a channel that suits them best.
Oceanpayment provides a multitude of solutions for both small and large-scale businesses of all categories.
For example, suppose you want to expand your business to other countries but are concerned about e-payments. In that case, Oceanpayment will address your concern by providing you with a customized solution.
If you sell products in international markets and your customers do not use Mastercard or Visa, the chances are that they will abandon their carts at the checkout.
The reason is that they are unable to make payments through alternate methods.
This is where Oceanpayment saves you from losing potential customers by providing them with various alternative payment methods. This global payment service saves you from losing your customers and also helps collect cross-border payments effortlessly.
You do not have to partner with other credit card payment providers to process these payments, as Oceanpayment provides you with the most simplified and convenient payment collection processes.
By using a payment processor for processing card payments, you are likely to receive funds on time. First, however, you have to partner up with a company that guarantees safe transfers.
Oceanpayment is a reliable and safe global payment service that offers end-to-end encrypted funds transfers. All you have to do is consult this global payment service through a phone call or contact form.