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Which is the best payment gateway for both local and international transactions?

Tuesday, 17 Aug, 2021

Sales, revenue, customer service are the core business insights that every business owner will think about. For that reason, choosing the best payment gateway for international & local transactions for your business is the most considerable step for every business owner.

When money is involved in a business, you want your customers to have the best purchasing experience on your website as seamless and positive as possible - which includes the essential steps, the checkout process.

Which is the best payment gateway for international transactions Which is the best payment gateway for international transactions

Using the best payment gateway helps you to reduce business expenses and time rather than build up a beautiful website and high quality purchasing web hosting. Some payment gateways now support the business to customize their own checkout page which enhances business brand identity and builds up trustful inside customers. The more convenient the checkout process, the more reliable customers will purchase your products.

So what is the main key to achieving a positive purchasing experience? A solid payment gateway that offers an easy-to-use tool for processing sales.

Discussion: What is the definition of a payment gateway and how does it work? Why use a payment gateway? What needs to consider before choosing the most suitable payment gateway? What are the best payment processors?

1. What is a payment gateway?

For the simplest understanding, payment gateway is a service that handles transactions between two parties, for example, the seller and buyer. The service accomplishes the payment by transferring payment data, like a credit card, from the customer to the merchant’s preferred bank account.

Currently, there are hundreds of payment services to choose from; so how to choose the most suitable payment processing service for your business and customer’s experience is a tough question for managers.

2. What are international transactions?

An international transaction is a cross-border trade agreement or a credit transaction that requires settlement in a foreign currency is referred to as an international transaction. The settlement date is the final stage of a typical international transaction involving the exchange of goods or services.

3. Why should businesses use the payment gateway for international transactions?

Payment gateway will take in charge the top priority task: Secure sensitive information - like credit card data which helps customers and businesses get certain standards for data security online, protect the transaction between you and your customers.

Additionally, payment gateways save you time and work, removing the need for you to manually input info received on your end. They also provide flexibility in different types of currencies customers can use. And flexibility is good for the chance of sales by widening accessibility for customers with a variety of different payment types. There’s a true fact that customers are likely to abandon their purchasing process due to a lack of payment options. So, creating a seamless shopping experience for customers would help your business raise revenue.

The payment gateway for international transactions The payment gateway for international transactions

What consideration when choosing the appropriate payment gateway which qualifies all your business needs?

With the right decision making, the payment gateway would become the best payment solution for your business. But what factors let you know that you have found “the one”?

Here are the core factors you should consider when choosing your best payment gateway:

3.1. Accepted Payment Method:

There is a fact that the easier you make your payment for customers to purchase, the more they are likely to finish the process. By linking your site with a payment gateway that incorporates a wide range of payment methods, you are widening your business sales network. Some research shows that more than 50% of online customers said that customers would cancel the purchasing process if they couldn't use their preferred payment method.

In addition, the study participants said they would feel more comfortable shopping from a business that provides international transaction methods.

3.2. Support currencies:

If you want to make international business, your payment gateway should support various popular currencies including EUR/USD/GBP/SGD/AUD/NZD. Different currencies enhance customer reliability in making purchasing decisions because it will make the process become simpler and easier.

3.3. Compatibility:

Obviously, significant thought is the manner by how well your gateway will integrate with your present platform - both from a technical and design perspective. If the gateway took too complicated tricks to your current system, you might have to think again.

There are some special payment gateways (i.g. PayCEC, Stripe) which offer a useful tool to customize your checkout page to match with your brand identity. Remember, don’t make your customers’ purchasing experiences affected by confusing factors.

3.4. Pricing:

Like any online service, there are fees related to third-party online payment gateway. For some platforms, users have to pay transaction fees - so pay attention to the service cost and make careful research before integrating it with your site in order not to experience unexpected charge fees.

These expenses charged can include transaction, statement, chargeback, merchant account charge, etc. depending on different services that your business decides to use.

3.5. Secure system:

There would be some hidden fraud trying to steal sensitive information from users. A good payment system will provide a high-qualified fraud protection program including preventing fraud, protecting user’s money and purchasing process. High-quality secure systems not only increase the conversion rate for your business but also offer a seamless online payment for customers.

The most famous fraud protection systems up to now are 3-D Secure, Tokenization, Real-time risk management, Fully PCI DSS. For more information please visit: https://www.paycec.com/products-and-services

3.6. Payment location

Some payment gateways allow users to complete within the checkout process on the site, while others lead users to a different site to complete the process. Some gateways provide an API (i.g. PayCEC, PayPal) which incorporates directly to your site, others bring customers to third party sites. Whatever you choose, be sure what will bring the best checkout experience for buyers - if the customer trusts the site, it is more likely they would finish the transaction process.

4. Which payment method is the best for paying globally?

Credit cards is the most common means for making online purchases around the world, despite the fact that eWallets have eroded their market share in recent years. In 2018, cards accounted for 41% of all eCommerce transactions worldwide, with established eCommerce regions like Europe and the Americas showing a clear preference.

Card transactions have been regulated for many years by worldwide or regional compliance standards as well as consumer safeguards granted by payment processors, such as those upheld by American Express, Mastercard, and Visa.

Given some of their additional capabilities, credit cards have a slightly higher preference in Western countries than debit cards. Some customers, for example, are enticed to use credit cards in order to participate in the bank's incentive programs. Credit card spending has a greater impact on a user's credit score in the United States, which serves as an additional incentive to utilize it as an online payment option.

Card's claim to the top rank in terms of customer preferences for eCommerce payment methods has been significantly questioned in recent years, as we'll witness in the coming years.

Which payment method is the best for paying globally? Which payment method is the best for paying globally?

5. Selecting the best payment gateway

Following some famous online payment research, up to 46% of cart cancellations occur at the payment stage checkout. If the payment service didn’t satisfy the customer expectations, your business will rapidly lose sales.

Here below are the Top 5 famous international payment gateways for you to browse, one of these below might be suitable for your business solutions.

5.1. PayCEC

PayCEC: The best international payment gateway
PayCEC: The best international payment gateway

Key Features:

  • PayCEC is an online international payment gateway which is owned by PayCEC and has many years of experience in the financial payment field.
  • It offers multiple payment options, easy integration, high secure system, live support, and competitive price.
  • Using API driven to integrate with your own website, customized payments site into a familiar look and feel the same as the current site.
  • Support for devices, get into quick and simple payment wherever you are.
  • Best choice for both local and international transactions.

For more information, please visit: Online payment gateway

5.2. WePay

Key Features:

  • WePay supports businesses to handle complex payment requests, like various payers or crowdfunding campaigns and works for sites in different sizes.
  • Vendors for e-shops with global clients, as well as domestic.
  • WePay offers an accommodating support centre for business customers.

5.3. PayPal Payment Standard

Key Features:

  • PayPal boots up to 40% checkout conversion rate for businesses.
  • The payment gateway offers fraud protection, live support, and cart compatibility — working with some major shopping carts and e-commerce platforms.
  • Scales to your business, regardless you're a high-traffic or developing local business.

5.4. Authorize

Key Features:

  • Authorize is the service which takes into account the business unique needs, like recurring or subscription billing.
  • Offer clients a seamless — and secure — shopping experience with a verified safety label from the site.
  • The payment gateway also has an Advanced Fraud Detection Suite which is a free safety service.

5.5. Stripe

Key Features:

  • Stripe is one of the best payment gateways in modern-day e-commerce for secure, customizable, and easy-to-setup.
  • Allowing customers to buy products directly from a tweet or saving card information for one-click checkouts.
  • Stripe’s Sigma service allows businesses to easily view sales data and analytics.
  • Providing insight which can help your business refine and improve operations for increasing effectiveness and growth.

6. Which is the best payment gateway for international transactions?

PayCEC is an online international payment gateway with rich experience in the financial payment industry.

You must be cautious while selecting the best payment gateway, and PayCEC is the best option for your company because of some special features:

  • Reputation and Reliability

The best payment gateway for international transactions is critical for customers to be able to trust you with their payments. PayCEC is a reputable and trustworthy company that allows customers to make payments without concern. Thousands of global merchants rely on it for international and local transactions.

  • Support for Multiple Currencies

When a customer may pay in their own currency, it gives a comprehensive experience. PayCEC accepts more than primary currencies from all over the world namely EUR/ USD/ GBP/ CAD/ AUD, as well as all of the main countries.

PayCEC is the best payment gateway for international transactions because international customers can pay with a credit card in their own currency, and the merchant will be paid immediately into their bank account.

  • Payment Security

Customers in the United States, Europe and abroad can use PayCEC to make secure payments. It adheres to the strictest security standards to ensure that merchants and customers may conduct business in a safe environment.

It complies with the PCI DSS. It is also SSL certified and adheres to EEA requirements. In simple terms, when using PayCEC to process a payment, the payment, and data security is guaranteed.

Fraud prevention methods, a dispute resolution center, chargeback prevention support, and other security features are available.

Payment Security of the best payment gateway for international transactions Payment Security of the best payment gateway for international transactions

  • Checkout is a breeze.

People want to be able to pay quickly and easily in this fast-paced environment with simple access to high-speed internet. PayCEC checkout works in this manner.

It includes a simple and user-friendly interface that makes domestic and international transactions as simple as possible. For its payment infrastructure, it is the best payment gateway for international transactions.

  • Accessibility

Registration, onboarding, integration, and post-activation with PayCEC are all simple and convenient. Accepting online payments with PayCEC is simple in general.

Other Key Features:

  • It offers multiple payment options, easy integration, high secure system, live support, and competitive prices.
  • Using API driven to integrate with your own website, customized payments site into a familiar look and feel the same as the current site.
  • Support for devices, get into quick and simple payment wherever you are.
  • Best choice for both local and international transactions.
  • For more information, please visit: Online payment gateway

PayCEC offers an all-in-one solution and the finest customer experience as the best international payment gateway. From sign-up to post-activation, everything runs smoothly. Its merchant dashboard assists with transaction data, graphical representation, and management, as well as refunds and settlements. PayCEC is the most reliable international payment gateway for both domestic and foreign consumers.

Contact PayCEC right now to discuss your business needs and perhaps receive the best solution for your payment.

7. How do I withdraw funds from international payment gateway?

You can choose 2 below ways to withdraw funds from the best international payment gateway:

  • First way:

Step 1: You can log in your merchant account of your best international payment gateway

Step 2: Access to balance menu then choose “payout” and then make your request with a specific amount of money and currency.

  • Second way:

You can send email to [email protected] to require payout. Please, type clearly with more details about your merchant ID, passport, the amount of payout, currency, and initiation date.

8. How do I accept payments from international customers?

To accept from your international customers, you need to find the best payment gateway for international transactions with multicurrency acceptance. Furthermore, you need to sign up your merchant accounts and a business bank account to collect payments so you can withdraw funds which is suitable for your currency.

PayCEC is the best payment gateway for international transactions which is selected by many international merchants around the world. You can easily set up a merchant account on PayCEC by following steps below.

Enter Information

Enter Information

Sign up with PayCEC team by click to button below

Sign Up

Enter Information

Document Submission

Prepare your company profile including:

  • - Company website
  • - Business information
  • - Business activities
Integration Support

Integration Support

Our Relationship Manager will contact you and support you in processing and integrate your merchant account

GO LIVE

GO LIVE

Use fully features of our payment service on Dashboard

PayCEC Team

Frequently Asked Questions

E-commerce operators must have an online shopping store in order to set up a payment gateway for their website. In order for online shopping store owners to effortlessly approach customers and payment processors, a convenient payment gateway requires a convenient setup process. Without wasting time, the website's convenient payment gateway should have the following structure:

Step 1: Create a payment gateway account.

Step 2: Adding a payment gateway to an e-commerce site

Step 3: Turning it On

Step 4: Accepting customer payments

When it comes to the PayCEC payment gateway, you can quickly integrate it into your online retail site. For more information, please go here.

International consumers can pay in their own currency through an international payment gateway. The payment gateway provides the highest level of security to avoid fraud during transactions. Payment gateways facilitate international payment and transaction processing by speeding up and simplifying the process.

PayCEC was founded in response to a growing need among businesses to accept online payments more swiftly and conveniently. Our payment flow has evolved in the new media era to perform easily and effectively across all platforms and devices.

PayCEC is a fully worldwide payments network that not only allows consumers to be paid, but also allows them to withdraw money in multiple currencies to their business accounts.

You will need a payment gateway if you want to make an international payment. 

Beginning with the entry of card information and concluding with international payment pouring into the merchant's account and settlement, the international payment gateway goes through a series of phases.

It is linked to the merchant account.

It provides businesses with one or more options for connecting their merchant account to online international payment processing.

It keeps track of international payment information for each customer.

Using the tools provided by the payment gateway provider, the merchant delivers information about their customers to the payment gateway. To maintain the security of the payment information, the gateway encrypts it during transmission.

An international payment payment processor or an acquiring bank receives this information.

The acquiring bank takes over at this point. Before sending the transaction to the card networks, it runs several fraud checks.

It informs the merchant of the approval or denial.

Based on their yes or no response, the store sends a confirmation or rejection notification to its customers. It's possible that customers will be requested to pay in a different way.

PayCEC's comprehensive international global payment platform has become vital for international businesses to stay ahead of the game in today’s highly competitive global e-commerce marketplace. By integrating PayCEC - the best international global payment platform for small businesses, you can easily track all online payments through a merchant dashboard, and offer the highest level of sensitive data protection in order to deliver greater customer satisfaction.

PayCEC international global payment platform is one of the first lines of defense in fraud prevention. It keeps sensitive payment details out of the hands of criminals by offering powerful security features, such as: 3D secure, Tokenization, and PCI DSS compliance.

Moreover, PayCEC’s international global payment platform provider offers uninterrupted 24/7 support, so that whenever a customer has any issue with a payment, our Relationship Managers can address it immediately. Besides, PayCEC has a team of technical specialists to support you in international global payment platform installation and integration. With round-the-clock support and best-in-class service, PayCEC has gone far and beyond merchants’ expectations, and become small businesses‘ favorite online payment platform ever.

Yes. OTP is required for international transactions.

There would be some hidden fraud trying to steal sensitive information from users. Security protection is absolutely the top priority for data transactions, especially for SMEs and startup businesses. Sensitive information, such as customers’ credit numbers or customer’s personal data needs to be protected in order to maintain the relationship with customers.

High-quality security systems not only increase the conversion rate for your business, but also offer a seamless online payment experience and build up the trust inside customers. PayCEC payment system will provide a high-qualified fraud protection program including preventing fraud, protecting users’ money and purchasing process.

The 3-D Secure program was designed by the Visa and MasterCard networks to ensure cardholder authentication during online payments in order to reduce fraud. The terms "Verified By Visa" and "MasterCard SecureCode" are used by the Visa and MasterCard networks to refer to the 3-D Secure program. The cardholder must authenticate the payment transaction if you are a member of the 3-D Secure program.

PayCEC provides 3D payment gateway services for merchants to integrate the checkout platform into their websites to facilitate online card payments. Below steps help you understand the overview of a 3D secure payment process.

  • Step 1: The shopper chooses an item, and adds it to his/her online shopping cart.
  • Step 2: Customer places an order on merchant’s website by clicking the “Proceed checkout” or equivalent button.
  • Step 3: Website redirects to Checkout page of PayCEC and the customer is required to input payment information.
  • Step 4: OTP process - There is an OTP sent to the shopper's mobile phone and the shopper has to input the one-time password to enable the transaction.
  • Step 5: The merchant submits the order to PayCEC 3D secure payment gateway.
  • Step 6: The PayCEC payment platform securely sends the transaction to the processor.
  • Step 7: The processor verifies and approves the transaction, and routes the transaction to the card association (Visa / Mastercard / American Express).
  • Step 8: The Card Scheme screens and forwards the transaction details to the customer’s bank, which is known as the issuing bank for approval.
  • Step 9: Approval/Denial is sent back to the Card association and processor and PayCEC payment gateway respectively.
  • Step 10: The merchant receives the message “Transaction Approved”, and the fund is deducted from the customer's bank and settled into the merchant’s bank account.
  • Step 11: The merchant gets paid for the sold item, and the shopper has got his/her purchase.

When businesses scale up globally, the 3D secure payment gateway is a compulsory factor to persuade international customers to make purchases. It is essential because international transactions themselves contain a hidden risk rate. Not only the risk affects online shoppers but also merchants too. The 3D secure Payment gateway plays as the first line of defense against cybercrime in the financial and payment sector.

An international transaction is a cross-border trade agreement or a credit operation that requires settlement in a foreign currency. PayCEC international payment gateway is a truly global payments platform that not only allows customers to get paid instantly and securely, but also withdraws funds to their business accounts in various currencies.

PayCEC international payment gateway was established in response to the growing need for businesses to accept online payments more quickly and easily. In the digital era, our payment flow has evolved to work seamlessly and effectively across all platforms and devices. We pride ourselves on combining superior technology with first-class customer service.

PayCEC has created an open and secure payments ecosystem that entrepreneurs and businesses choose to securely transact with each other online and on any device. We proudly maintain the highest level of client advocacy in the industry.

There are 4 methods of payment for international transactions:

Credit card payments

PayCEC’s payment gateway offers merchant accounts to accept credit and debit cards from buyers worldwide to not only enhance the seamless process of customer payment acceptance anytime, anywhere, on any device, but also increase the competitive advantages of your business, and skyrocket your sales.

SEPA transfer acceptance

PayCEC’s SEPA payment gateway makes it possible for people and businesses to send and accept SEPA payments in Euro throughout Europe with the same convenience as they do when paying in their home country. With PayCEC’s SEPA payment gateway, start collecting payments within the eurozone is so easy.

PayCEC’s SEPA payment gateway provides a possibility to open a bank account remotely. It means that you will receive your business unique IBAN, and will be able to use it no matter what country you’re located in.

Crypto payment gateway

Crypto payment is a method of payment for international transactions that enables buyers to pay with crypto online to exchange goods and services that the sellers provide.

Online merchants can accept crypto payment on websites by integrating PayCEC’s crypto payment gateway into their e-commerce website. The process of integration is super simple and easy to set up due to our API designed for non-tech users.

E-wallet

Credit cards are processed by an e-wallet which you can use with a Visa / Mastercard / Amex / Paypal account. PayPal is designed to be safe for both buyers and sellers. All information that is communicated between your device and PayPal's servers is secured and encrypted.

Not only PayCEC understands every single case of small-size companies and startups, but also goes the extra mile to exceed clients’ expectations and facilitate their online business to go frictionless and grow dramatically. Below ideas describe why PayCEC is one of the best payment gateways for international transactions.

Multiple currencies acceptance and payout

Even if your business is situated in Canada or targets Canadian customers, you are still able to accept payments from other countries where online customers can pay in their local currency. PayCEC helps merchants to convert into Canadian dollars or even they can choose to withdraw in USD or EUR or GBP payouts.

Strong customer authentication and security

Customer information safety determines how successful your online business is. To help our merchants earn trust from customers and manage cost effectively by reducing chargeback rate.

Your customers name it, PayCEC has it

PayCEC payment gateway offers a variety of digital payment methods from credit/debit cards such as Visa/ Mastercard/ American Express to Paypal checkout or bank transfer and cryptocurrency payment with more than 20 popular coins.

Pay only one fee for multiple domains of global entities

If your business has other branches in the US, the UK, the EU and other nations which have the same website address but different country code in terms of URL, you only pay maintenance fee for one site. In this case, your Canada website URL is the mentioned one, the other country codes get free access.

24/7 being approachable

PayCEC is a global payment service provider, we have worldwide offices in Europe, Singapore, California US and British Columbia Canada. Clients are able to reach us any time via your preferred contact channels namely hotline +44 2032 864370 or live chat menu on our website. For those who get used to communicating via social chat, we are also available on WhatsApp, Viber, Telegram, and Skype. You can also leave a message via [email protected], our team will respond to you promptly.

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We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.

Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.

PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.

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