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The Adventurous World of International Merchants Accounts

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An international merchant account allows you to accept payments from customers worldwide. This means that your business can serve global customer needs without worrying about currency conversion or regional regulations.

They can also take advantage of one convenient payment processor, so they’re not burdened with setup fees and recurring charges. Some companies offer merchant accounts in partnership with global payment processors, but others offer specialized merchant accounts designed to handle international payments.

A customized international merchant account will allow you to accept major credit and debit cards from countries worldwide, including major markets such as North America, Europe, Asia-Pacific (APAC), Latin America, and the Middle East. Some people consider APAC the fastest-growing region in terms of online sales, which is why many international merchants choose to set up their business there.

In addition to accepting payments from customers worldwide, you can also accept funds via bank transfers and wire transfers from selected countries. This will give your international business a financial edge because you’ll gain access to two different payment processing methods without having to rely on any third-party intermediaries.

The best part is, both international bank transfers and wire transfers offer low fees that you can pass along to your customers in the form of lower price points for goods and services.

Why Should You Get An International Merchant Account?

While the benefits of having an international business are numerous, one that stands out is your ability to process payments from customers all over the world without incurring high costs or risks.

International merchant accounts allow businesses to get paid in their local currency and pass along those savings to customers who want to make bigger purchases.

The best part about it is that you’ll have the option to accept different forms of payment, including credit cards, debit cards, bank transfers, and wire transfers.

If your company processes more than $1 million a year in international transactions, then it’s most likely time to get an integrated payment processing solution that can help merchants expand their business globally without having to worry about currency conversion rates.

Some people think it’s expensive to process international payments due to exchange rates and other foreign transaction fees, but that’s not always the case.

The best part about an integrated international payment processing solution is that you’ll have access to services such as a virtual terminal so you can accept card-not-present transactions without having to invest in expensive infrastructure.

Some payment processors offer virtual terminals, but others require installing an application on your computer and a card reader. Hence, you must choose the right solution for your business.

When it comes down to international merchant accounts, there are plenty of companies out there, including giant networks like Worldpay. Still, they often have hidden fees with setup costs in the thousands and recurring charges that can add over $1 million a year.

For example, it’s not uncommon for these companies to charge upwards of 10% in expenses for accepting international payments. The best part about local and regional payment processors is that they offer international merchant accounts with competitive pricing, so you’ll never have to pay setup or recurring charges to accept payments from online customers around the world.

How To Open A New International Merchant Account

If you’re interested in opening a new international merchant account, there are plenty of options out there, but one that stands out from the rest is Payment Alliance International (PAI).

They offer merchants everything they need to process online sales, including an integrated payment gateway and virtual terminal. PAI also offers access to over 60 local and regional payment gateways in over 30 countries worldwide.

The best part about their virtual terminal is that it integrates with QuickBooks, Xero, and Sage, so it’s easy to manage your business finances.

Accessing the Payment Alliance International gateway couldn’t be easier since you’ll only need to log in to your account through any browser on any computer or mobile device.

You can also access the payment gateway from your office desk using any Windows PC. The best part about it is that PAI offers 24/7 support, so you’ll have a direct line to their customer service team when you need help making changes or troubleshooting issues.

What To Consider Before Signing Up For International Merchant Account?

Before you sign up for an international merchant account, you must compare the costs between different companies. There are many factors to consider, including transaction fees and monthly maintenance charges, just to name a few.

When comparing these things, there are other fees to look at, such as setup costs, recurring charges, and penalties, so you should evaluate each merchant account based on all of those things.

Remember, the best way to get a good deal is to shop around but make sure that you stay at least three months or more because many companies will try to lock you into an annual contract at first with high setup fees.

You also need to consider some hidden costs associated with international merchant accounts, including network access charges, cross-border fees, and currency conversion costs.

When choosing a payment gateway, you’ll want to ensure that it supports all of the currencies, payment methods, and gateways you need for your business. Different payment processors also support different transactions, including 3DSecure/SSL, virtual terminals, or credit card machines. You’ll need to choose a payment gateway that will support all of the different transactions your business is likely to process.

Pros And Cons Of Having An International Merchant Account

Pros:

  • You will be able to broaden your business from local production to international sales.
  • There are no up-front charges or monthly fees that you need to pay.
  • It is easy and convenient for customers living abroad because they can use their credit cards in your stores.
  • You will save on the transaction fees that you have to spend when accepting payments via cash or checks.

Cons:

  • The process of opening an account may take some time because it depends on the merchant account provider whether they approve you instantly or require a credit check first. All you need to do when waiting for approval is wait patiently.
  • If a customer does not pay with a credit card, then there can be difficulties with customer service.
  • It is easy for your credit card to become swiped by fraudsters and get stolen, thus you may need to pay a fee in order to replace it.

Final Word

International Merchant Accounts are great tools that permit owners of online businesses to sell their products or services internationally, which opens the door to billions of potential customers.

An international merchant account can help you get your business started on an international level. It will be easier for you to expand your sales and increase profits in the future using the services provided by this account.

Why Choose PayPound ?

Below are the smart reasons to choose Paypound

            •           Huge network

            •           Quick and easy set-up

            •           Intuitive dashboard

            •           Secure transactions

            •           Great customer service

Contact us at

(+44) 800 832 1733

[email protected]

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Ford’s market cap tops $100 billion for the very first time

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Ford Motor’s market value topped $100 billion for the first time ever as the automaker’s stock hit a new 52-week high Thursday.

The organization’s shares hopped Thursday by as much as 5.7% to $25.87, hitting another 20 or more year high, prior to shutting at $25.02 a share, up 2.3%. Its fairly estimated worth dropped to $99.99 billion.

The additions have been energized by Ford’s plans to build production of electric vehicles, including the Mustang Mach-E crossover and an upcoming electric version of its bestselling F-150 pickup that is expected out this spring. The efforts are part for a Ford+ turnaround plan led by CEO Jim Farley, who assumed control over the helm in October 2020.

Ford’s presently worth more than crosstown adversary General Motors, at about $90 billion, as well as electric vehicle start-up Rivian Automotive, at $72 billion, which has failed to support acquires following a blockbuster IPO in November. Ford proceeds to altogether trail Tesla, which has a market cap of more than $1 trillion.

The automaker is evaluated overweight with a value focus of $21.83 an offer, as indicated by a normal of 22 examiners arranged by FactSet. Be that as it may, not all Wall Street examiners haven’t totally gotten tied up with Ford’s turnaround.

“The stock market’s attraction to the Ford EV story continues to take us by surprise,” Morgan Stanley analyst Adam Jonas told investors in a Thursday note called “Ford Market Cap Crosses $100bn: What’s In the Price?”

Morgan Stanley’s value focus for Ford is $12 an offer. Its bull case for the stock is $25 an offer, as indicated by Jonas.

“Ford’s share price movement is impressive and management deserve credit for changing the strategic narrative, triggering a re-rating,” Jonas said. “However, at this juncture, we believe the risks facing Ford and the sector are rising faster than the opportunity.”

Jonas refered to worries including the auto industry’s historically cyclical nature returning, challenges in scaling EV production and more competitive and engaging EVs entering the market against Ford.

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Humble Beginnings to Raising millions

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Naseeb Abbas, Also known as Prince Naseeb, a dedicated humanitarian aid worker and a talented faith inspired singer has raised a staggering total of £500,000.00 together on a personal Justgiving page in addition raised an estimate of £3,000,000 collectively in a 3 year period with the generous support of his faithful following gained by the widespread appreciation of his vocal talents.

With a following of nearly 60,000 on all social media platforms collectively, Naseeb has become somewhat of a household named and this together with his transparency on social media has led to thousands of people entrusting him with their charitable donations.

In the past he has worked closely with many reputable charities, including Human Relief Foundation with whom he undertook his first deployment to Jordan in June 2017. Adam Kelwick, International Fundraiser at Human Relief Foundation has previously described Naseeb as being ‘extremely likeable and humble, despite his many talents.’

The suffering and anguish of people that he saw in Jordan has led to his deployment to several other countries including Bangladesh, Yemen, Burma and Pakistan to hand deliver aid to thousands of more people.

Naseeb is currently working with Kashmir Orphan Relief Trust (KORT), a charity which provides for the needs of hundreds of orphan children in his hometown of Mirpur, Azad Kashmir as well as serving humanity in and around Pakistan.

He plays a fundamental part in raising funds for the charity through his various social media platforms and hopes to continue working in close association with KORT to serve humanity and help provide a safe and loving environment for the children in their care.

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You have the power to shape your own luck says entrepreneur Mark Lachance

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For many of us, life can feel like a never-ending cycle of hard work with little reward. Author-entrepreneur Mark Lachance’s new book “The Lucky Formula” offers a way out. In his book, he lays out the formula for attracting good fortune in both business and personal life by harnessing the power of luck. The book includes personal anecdotes and teaches readers how to use a variety of techniques such as visualization and meditation in order to attract success; all with an emphasis on keeping things positive.

With the goal of helping readers create their own luck, this book shares stories on how certain events in his past led him to unlock secrets for bringing success into one’s career path – all while revealing the misfortunes and trials he faced along the way.

Mark Lachance has been making waves in the social media marketing world for years now. He’s a pioneer of this niche, with a career that would inspire any rookie or contemporary to try their hand at entrepreneurship. His story is one that encompasses both passion and tenacity, as he has been in the trenches but always comes out on top.

His early years as a sports agent served him well, giving him insight into the world of branding and marketing. His time spent working with companies helped shape his ideas for entrepreneurship – launching multiple successful businesses under Mark’s belt including Maxy Media  the number 1 digital marketing powerhouse in Canada when it comes to monthly spend on Tiktok.

Mark was living the dream. He had it all- until he lost everything. A few bad decisions led him into debt and depression, but this man refused to give up on himself or his dreams. When Mark found out that he could no longer pay his rent, he woke up one morning with a plan to start over from scratch. That day marked the first of many days that would lead him back into success.

For anyone who is down in the dumps, don’t give up hope. You are stronger than you think. Keep fighting through life’s struggles and see it through.

And if you’re interested to see the same success and attract more luck in your life, grab a copy of his upcoming book, The Lucky Formula, and learn how you can stack the odds in your favor and cash in on success. You can start with calculating  your Lucky Score. Simply go to TheLuckyFormula.com/Quiz to calculate your ability to attract Luck and Success.

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