Dealing with multiple international payment platforms

Written by

James Davis

Written by James Davis

Senior Technical Writer at United Thinkers

Author of the Paylosophy blog, a veteran writer, and a stock analyst with extensive knowledge and experience in the financial services industry that allows me to cover the latest payment industry news, developments, and insights. Read more

Reviewed by

Kathrine Pensatori

Reviewed by Kathrine Pensatori

Product Specialist at United Thinkers

Product specialist with more than 10 years of experience in the Payment Processing Industry. I help payment facilitators and PSPs solve their various payment processing issues. Read more

Due to international nature of modern merchant services market, many companies start looking for opportunities to expand their online payment processing operations to new geographies.

International payment platforms

This tendency towards global payment processing creates new challenges for expanding companies, such as having to deal with multiple international payment platforms, multi-currency operations, underwriting arrangements (granting merchant accounts) in foreign countries, and others. Entities, which have to look for international payment processing solutions, include expanding large companies, franchisors, and international payment processing software vendors. Independently of the type of a particular company, the main issues it needs to address in the context of expansion, include: prioritization of regions, prioritization of supported transaction types, handling of multi-currency international sales, and development merchant on-boarding procedures in new geographies. In order to solve these tasks, you need to have a clear step-by-step strategy in mind. An example and description of such a strategy are provided in the respective article on Paylosophy.