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Merchant account service

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Last chapter we had discussed about merchant website display for different types: tangible product, service provider. The payment processing method for them is displayed differently. The tangible merchant integrates payment gateway in their website so customer can pay online. The service website sometimes only introduce some information of their service but does not integrate API for payment. The merchant can process order by virtual terminal through telephone and email order. The virtual terminal is also a payment option from ecommerce merchant account provider. But the criteria for applying VT is stricter as there are more potential risky elements consisted in such payment processing. But if you are an old long time cooperated merchant, it is normally easier for applying VT.

       Some payment processors take overseas merchant. The language is different, and the system is based on different kind of software and technical support. There will be more work to be done to take care the …

What online merchant would you recommend and why?

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Foreign trade merchant needs to choose proper credit cards payment method for their online businesses. It could be a combination for different payment options. The most important thing is the security and convenience.
Online merchant can expand their business by developing overseas market. Take part in activities of various trade fair, expo and kinds of professional global product exhibition. The advantages of it are: 1). Promotion of your company image 2). Direct communication with your potential or current clients 3). Knowing your competitor. Nevertheless, such activities for taking part in costs much. The salesman are also required with excellent product explanation ability and English spoken skills.Take full advantage of internet resources. For credit cards payment online merchants, you can post your company information and introduction to some B2B websites. It enable more foreign clients reach you through these websites. But in the meantime, the competition in the B2B between cou…

What is a internet merchant account?

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The payment processing method for them is displayed differently. The tangible merchant integrates payment gateway in their website so customer can pay online. The service website sometimes only introduce some information of their service but does not integrate API for payment. The merchant can process order by virtual terminal through telephone and email order. The virtual terminal is also a payment option from ecommerce merchant account provider. But the criteria for applying VT is stricter as there are more potential risky elements consisted in such payment processing. But if you are an old long time cooperated merchant, it is normally easier for applying VT.
Some payment processors take overseas merchant. The language is different, and the system is based on different kind of software and technical support. There will be more work to be done to take care the cases. The customary program and frequently used words are different. So communication is a key in maintaining the merchant …

What is the best payment gateway for a Hong Kong-based company, that supports both local and international payments?

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To be completely honest, there are literally hundreds of different payment gateways to choose from that can all process international payments for an e-Commerce website. Processing international payments can prove challenging for many companies, however, because of the need to perform both authorizations and settlements in foreign currencies.
To be able to do so, a business must establish an official presence (merchant account) in each of the countries within which services are provided, in addition to partnering with an acquirer offering cross-border transactions and currency conversion services. Conversely, if there is only a need to conduct business in a single currency, businesses are free to partner with any processor supporting the desired currency. Typically, the choice of a payment gateway is also based on a wide variety of additional criteria (transaction pricing, ease of integration, availability of specific features, etc.). So, depending on the features and functionality y…

Why don't payment processors also offer gateways?

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With so many payment gateway providers out there, it would be difficult to single one out. To speed up your research, I strongly suggest to start with a comprehensive guide like this top 20 payment gateway reference. It gives you a quick look at the top players in the field and their unique offerings.
While it may be easy to transfer to another payment gateway if your initial choice leaves much to be desired, changing services mid-way can be a hassle to you or your customer. It is better that you pick the best service for you at the onset so it can grow with you as you expand you business. However, there are certain considerations that you have to factor in, such as the following: Do they have several payment methods like bank transfer, credit cards, or local debit cards?
Do they support international payments with multi-currency and multi-language capability? And do they charge extra fees for these features?
Do they have robust security features and PCI compliance to ensure that onlin…

Foreign trading products

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Foreign trading companies involves many different kinds of product selling. We should find out what products are popular in the overseas countries before we decide which area of products we will dedicate to. Nowadays, the virtual network plays a very important role on the sales. We can see from Instagram and Pinterest there are many products posted on their website frequently and are very popular with people. The fancy products are the most purchased by customers for online store in their payment processing.
The first is green tea powder, also is called matcha. You can google out with many  recipes used with matcha as materials.  People like  organic food. The product is made of green tea and matcha powder is conformed to the healthy life style that is constantly proposed and many people are willing to take chances. So this is one of the most selling well items. The second is the coconut oil. The coconut oil has many efficiencies,  for example: skin care, lip gloss, cleansing oil, moist…

What is the best payment gateway for a Hong Kong-based company, that supports both local and international payments?

Image
To be completely honest, there are literally hundreds of different payment gateways to choose from that can all process international payments for an e-Commerce website. Processing international payments can prove challenging for many companies, however, because of the need to perform both authorizations and settlements in foreign currencies.
To be able to do so, a business must establish an official presence (merchant account) in each of the countries within which services are provided, in addition to partnering with an acquirer offering cross-border transactions and currency conversion services. Conversely, if there is only a need to conduct business in a single currency, businesses are free to partner with any processor supporting the desired currency. Typically, the choice of a payment gateway is also based on a wide variety of additional criteria (transaction pricing, ease of integration, availability of specific features, etc.). So, depending on the features and functionality y…