When expanding to global markets, merchants often encounter rising processing costs, lower conversion volumes and high fraud rates. Payment processors that were affordable and effective in your native market may be showing poor performances in new locations. Local taxes and regulations of which you were previously unaware may be cutting into profits. Previously used fraud screening seems to be ineffective.
Before entering new markets, e-commerce retailers must carefully study critical local issues such as payment providers, preferred payment methods, processing fees, and taxes. An advanced payments platform enables easy scaling to new markets, a single integration with multiple local processors, a wide range of payment options, and adjustable fraud screening.