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How to Select the Right International Credit Card Processing for High-Risk Businesses

 Credit cards are among the most popular payment methods in the world. There are almost 30 billion credit card owners worldwide. The average credit card penetration rate in the world is nearly 25%. These statistics point to the importance of credit cards as the most popular payment method in the world. Credit cards are also included in the list of the most commonly used payment methods for international payments. Considering this fact, international credit card processing becomes so significant for high-risk businesses that choosing the right one becomes the difference between success and failure.

High-risk businesses are usually involved in international transactions in comparison to low-risk businesses. Credit cards are one of the leading payment methods in the world for international payments. This is why cross-border credit card processing holds significance for high-risk businesses.

Considerable points for high-risk businesses in international credit card processing

Banking network

The banking network is the pillar of credit card processing. The idea of the abilities of a credit card processor can be taken from its banking network. A large banking network is necessary for a credit card processor to provide great services. If the main acquirer bank is unable to process credit card payments, a large banking network can help in this situation by offering backup options to continue processing. The inability of the bank to execute payments on time won't cause a delay because of the vast banking network.

Management and prevention of fraud

In the credit card industry, chargebacks are the most concerning point for online credit card processing service providers. And it becomes more stressful for processors when they provide service to high-risk businesses because such businesses are known for high chargeback rates. But nothing can be done regarding chargebacks because they are an integral part of the process until they are legitimate. A significant number of them are fake, which can cause problems for both credit card processors and merchants. Considering this, it becomes necessary for a credit card processor to arrange some kind of fraud prevention structure to provide protection against fake chargeback requests. For example, employing AI fraud detection tools to identify and eliminate such fraud attempts.

Fee structures

The fee structure of international credit card processing service providers is already so complex because of many charges such as currency conversion, cross-border transactions, etc. This is the reason why a high-risk merchant has to consider a credit card processor that has a transparent fee structure with no hidden charges. So that a service provider can’t charge a merchant illegitimately.

Payment approval time

It is one of the most important features to notice in an intranational credit card processing service. Because cross-border payments generally take a longer time for approval in comparison to domestic payments. Because cross-border payments are processed after many procedures, such as currency conversion. As a result, the payment approval time becomes a parameter to scale the excellence of a credit card processor.

Recurring billing

Recurring billing is sometimes referred to as automatic payments," too. It is well known for its value in terms of time savings. In recurring billing, the cardholder agrees to ongoing charges from the merchant to their credit card until they want to terminate the agreement. As a result, both parties save time and money when making payments. Recurring billing is a great option for both customers and companies due to its ease of use and time-saving advantages.

How can we help you get the best international credit card processing in Southeast Asia?

If you are a high-risk merchant in Southeast Asia, then we can help you get the best overseas credit card processing services in the region. Because we are one of the top credit card processing service providers in this region. All you have to do is contact us to get the services. And if you are wondering why we? Just take a look at the perks of our international credit card processing service.

Perks of PayCly international credit card processing

Support for several currencies

More than 100 currencies are supported by PayCly's credit card processing service for accepting payments. As a result, a business may effortlessly complete transactions anywhere in the world.

Support for several languages

Multilingual assistance has grown in importance in international credit card processing since it makes it easier for cardholders to make payments.

Fraud prevention

PayCly leverages AI and machine learning to find any suspicious transactions or chargeback requests, in addition to having a specialized team of specialists watch every activity.

Global coverage

PayCly offers extensive international coverage in more than 150 countries, giving merchants reach in almost every country on the globe.

Recurring billing

Recurring billing is the best option for saving time while making repeated payments.

Support for every major card network

Another benefit of choosing PayCly is that it accepts cards from every major card network in the world. We accept every card, be it Visa, MasterCard, JCB, UnionPay, American Express, or Diners Club.

Transparent fee structure and low cost

We provide services at the most competitive prices in the region, and the reason for this is our fee structure, which has no hidden charges. Because of our transparent fee structure, the merchant just has to pay legitimate charges, which makes our services very low-cost.

If you want to choose PayCly as your international credit card processing partner, you just have to follow the below-given directions.

How to set up a merchant account to get the services of PayCly?

To create a merchant account, the following conditions must be satisfied:

●      Visit the website's home page.

●      "Apply Now" is an option in the drop-down menu in the top-right corner of the screen.

●      The registration form will immediately display on your smartphone's screen.

●      The application must have all required fields filled out.

●      To continue, select "Submit."

By following these directions, you can simply get one of the best international credit card processing services in Southeast Asia. 

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