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UniPayGateway

April 4, 2016
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.

My works have been cited across media and payment blogs. I do my best to help businesses make the most efficient financial decisions that can positively and significantly improve their business growth.

Whether you are a seasoned investor or just starting out in the world of payments, my writing is designed to be accessible to everyone and help people navigate the complex world of payments. So if you want to stay up-to-date on the latest trends and insights in the payment industry, be sure to check out Paylosophy and my published works.

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. On a regular basis, I work with a team of knowledgeable technical people in the space, and I am passionate about finding creative solutions to the challenges presented by the Payments Industry.

I would be happy to help with any questions you might have regarding credit card payment processing, merchant services, EMV certifications, the various ways of becoming a payment facilitator or a payment platform, as well as any other Payment Industry related issues you might be struggling with. Feel free to follow me on Quora, and don’t hesitate to send me links to the specific Quora questions you would like me to answer.

Dealing with multiple international payment platforms

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.

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