An international merchant account is an account that enables merchants to process online payment transactions from their clients across the globe, regardless of where the client has been issued their credit or debit cards.
International merchant accounts explained
International merchant accounts allow individuals and companies to appeal to a much wider range of clients due to their online nature. The selling of goods and services while using the internet as a platform allows business entities to expand their client base across the world – targeting their specific product market in every country.
The ever growing industry of e-commerce has instigated businesses to make their presence known online. The credit and debit card market is dominated by two key issuers – Visa International and MasterCard thus most merchant accounts that are opened are international ones.
International merchant accounts are the most common type of merchant accounts as they allow businesses to accept online payment transactions in foreign currencies from anywhere across the globe.
When choosing which bank or 3rd party to open your international merchant account with, it is important to seek the assistance of a professional consultancy firm in order to complete the process in a timely and professional manner.