The enforced lockdown, on account of the global pandemic, may have brought the focus on e-commerce like never before. Yet, it has, over the years, become an integral part of businesses across spectrums and industries. One of the biggest advantages that E-commerce offers is the ability to expand one’s business footprint globally, at a very low cost. This has leveled the playing field for businesses across the scale.
Facilitating this exponential growth of e-commerce is the services, provided by a large number of international money transfer companies, that allow cross border payments to be simple and effortless, thanks to such international money transfer companies, which can all be compared online using the money transfer comparison site moneytransfers.com.
Any kind of seller can leverage the power of international money transfer services. You may, for example, be selling goods via Amazon, Squarespace or eBay- international money transfer services will help you easily monetize your transaction. There some major advantages to using such services, which include:
- Global Sales
International money transfer services enable any e seller to sell his or her goods to practically any market of the world. This lets them expand and scale up their business in a totally unrestrained manner, notwithstanding their existing size or financial muscle.
- Higher Profit
There are a large number of international money transfer services offering competitive terms to e-sellers. This means that they can negotiate optimal exchange rates and transaction fees for their international money transfers, thereby saving a lot of money and enhancing their profits in the process.
Recently, companies use e-commerce to sell their products and services to any market in any corner of the world that gives them the best prices. It is important for them to be aware of the various convenient ways of making international money transfers. Let us take a look at the principal ones.
Global E-Business Payment Methods
1. Visa/MasterCard
Visa and MasterCard debit and credit cards are undoubtedly one of the most widely used online payment methods in the world. Of course, their prevalence is greater in some countries than in others. All the same, most buyers would quite easily be able to make their online payments quite conveniently by using this method of payment.
2. PayPal
This again is quite an ubiquitous payment method used in e-commerce transactions around the world. Using PayPal lends authenticity to the website of a fledgling business as buyers would feel more secure making their payment through them instead of punching in their debit or credit card data. Like any other international payment system, PayPal has its fair share of admirers and detractors.
3. Bank Transfer
Since most people who carry out online transactions would possess a bank account, anyone buying something online should be able to carry out bank transfer payment. That is what makes the bank transfers one of the popular ways for making online purchase payments.
4. Direct Debit
Direct debit is something that can be set up in most countries of the world to facilitate e-commerce payment. The flip side to this method of payment is the fact that most countries have their own set of regulations that help facilitate this. That sometimes makes the implementation of this method of payment quite challenging.
5. American Express Cards
If you are planning to sell in the United States, you have got to allow payments via American Express cards as most Americans would be using them. Besides, these will enable you to receive even large-sized payments with ease.
6. Authorize.Net
This one is a very well regarded international payment gateway, ideally suited to e-commerce. This is borne out by the fact Authorize.Net has more than 440,000 businesses and consumers using their services. Not only do they accept all the major cards and PayPal as a means of transferring payment, but they also provide an advanced fraud detection system, secure transactions and top-rated customer service. Businesses using Authorize.Net must be based out of the United States, Canada, United Kingdom, Europe and Australia.
7. Stripe
Stripe is a great way of receiving international payments via online and mobile app routes. They let you have onsite payment without your having to pay a monthly fee through their pay-as-you-use plan. One can expect to receive one’s payment in their bank account on a two-day rolling basis. You can also receive the transfer on a weekly or monthly basis. The 10 countries where Stripe is available are Canada, Australia, Denmark, Finland, France, Norway, Ireland, Sweden, U.S. and U.K. Stripe. They accept all major cards, as well as Apple Pay, Android Pay and Bitcoin, as a means of transferring payments.
8. Quick Pay
They are quite a comprehensive service provider when it comes to enabling an e-commerce business to receive money. This is because Quick Pay can be easily integrated into popular e-commerce modules like Shopify, Woocommerce, Open Cart and so on. What stands out is their level of security which is certified to the level of PCI DSS Level 1. Payments can be made through all the major cards, Mobile Pay and PayPal.
9. 2Checkout
This is a well regarded international payments en eCommerce by quite a few ecommerce businesses, especially the larger ones. One of the reasons is the vast footprint of this service, which is available in 211 countries. There is no fee to set up this service and they provide an advanced level of fraud protection that is PCI Level 1 certified. The payment options accepted by them include credit cards, debit cards and PayPal. Besides, 2checkpoint can be integrated with more than a hundred shopping carts.
Conclusion
To conclude, the idea that e-commerce is an integral part of any business is no longer a matter of debate. With a plethora of outstanding international money transfer services, making it possible for businesses of all sizes to seek markets anywhere, e-commerce is all set to expand like never before.
