Merchant account for international payments

 Merchant means a person or a company that sells directly to the public either from a store or through the internet especially those who deal with foreign countries or supplying goods to a particular trade. Merchants can broadly be divided into two categories a wholesale merchant, who typically deals in large quantities of commodities, and the other is a retail merchant, who deals directly with the end consumer, mostly in small quantities of goods.

A ''merchant account'' is a type of bank account that is specifically created for trading purposes where companies can make and receive payments electronically but typically by debit or credit cards. Online businesses need to acquire a merchant account because online payments are the only option for customers in making purchases. So, when a customer pays for a product or service with a credit card or by using other modes of electronic payments, the funds are first deposited into the merchant account and from there eventually transferred to the business bank account.

Whether you are a domestic or international merchant, International merchant accounts make it quick & easy for you to accept payments from them. It gives e-commerce businesses the ability to accept credit card payments from customers.

An international credit and debit card merchant account enables online and face-to-face businesses to accept payments worldwide in currencies determined by the account provider. Ideal for companies wishing to expand to a wide customer base or working within busy tourist-based industries such as taxi firms, restaurants, and hotels.

Some of the best free merchant account providers are Square, Helcim, Fattmerchant, Flagship Merchant Services, and Finserv.

International merchant accounts can be beneficial to companies wishing to achieve the following;

• Make and accept payments in all major world currencies
• Expand your customer base from national to international
• Receive payments in multiple ways like via mobile devices, apps, e-wallets, eCommerce API's and SDK's 
• Provide tools to accept genuine orders and decline fraudulent transactions
• The fastest way to receive and make payments

The world is quickly transforming into one gigantic marketplace. International merchant accounts are the key to maximizing your products from this broad and rapidly growing market.