How to accept payments worldwide: options
One of the important tasks of an entrepreneur when opening an online store is to ensure that payments are accepted worldwide for goods and services. Payment must be accessible, convenient and secure. To clarify the nuances of opening a corporate account with a bank or payment system, contact our specialists at IT-OFFSHORE.
The necessity of opening an account
A common problem after setting up an online store is how to accept payments worldwide. When making a payment for a product or service, the user interacts with the payment system.
There are several popular payment methods. One of them is acquiring a service provided by banks for business owners. It can be used to accept payment by card. Acquiring becomes an intermediary between the parties to the transaction - it checks the card information, debits the funds and transfers them to the entrepreneur's account. A fee is charged for this.
The second option is transferring funds from an electronic wallet, becoming an alternative for clients who do not use a bank card. When using such a wallet, electronic currency is deposited. To use this option, clients are required to create a corporate account in the payment system, that is tied to the current account.
Another way is to use payment aggregators. Their peculiarity is that they allow you to connect several payment options. If it is installed on the site, the client can choose the method of payment - by electronic currency or bank card.
Before opening a corporate account with a payment system or a bank, you should clarify the amount of commission and the variants of payment methods. It is important to pay attention to the reputation of the service and the duration of the connection, as well as the convenience of working with the site.
Top banks for corporate accounts
One of the popular banks is HSBC Holdings. It is the largest financial institution in Europe. There are offices in more than 80 countries. The company works with private and corporate clients and offers investment services.
An alternative option is the Bank of China. It is present in more than 20 countries. The institution offers asset management services, as well as opening private and corporate accounts.
The Bank of Cyprus is one of the most famous banks in the country. It offers both personal and corporate accounts. It is possible to create a merchant account. There are offices in Russia, the USA, Canada, South Africa, Romania, and Ukraine.
You can open an account with Hellenic Bank Group. The institution has more than 80 branches, including those in Greece, Ukraine and Russia. It offers a wide range of banking services for corporate and private clients.
BNP Paribas Group is one of the largest in Europe. Its subdivision in Switzerland has a high reputation. Opening an account with this bank allows you to access a wide range of services.
TOP payment systems
Universal service for accepting payments online store - Qiwi. The network of terminals is well-developed, and it is possible to accept payment with cash, bank card or e-money. Among the partners of this system, there are well-known banks and credit organizations, as well as telecom operators. The amount of commission is set in accordance with the turnover.
PayOnline is a system with cash management services. You can use MasterPass, bank cards, QIWI and Webmoney to accept payments. Payments are simple and can be done with one click. The commission, as well as the monthly fee, are determined individually.
PayAnyWay opens up great opportunities for receiving payments. Two dozen options for depositing funds are offered. You can use your bank card, online banking, electronic systems, SMS, terminals, and communication stores.
PAYKEEPER specializes in acquiring. In addition it is possible to send an invoice to an electronic address, and you can make an insertion with an online payment form. You can link your card and make payments automatically.
Chronopay works on processing payments by bank cards and electronic money from buyers from any country. Connection does not take much time, and technical support is available 24 hours a day. Fees are calculated individually.