Cross-border ecommerce now accounts for over 25 percent of total global ecommerce sales. Millions of international shoppers, particularly those in emerging markets, search online for discounts or items unavailable domestically. With this in mind, online merchants would benefit from expanding their business into new geographical areas and offering a wider product portfolio to service a global market.
PSPs and ISOs are being challenged by increasingly demanding clients expecting growth into expanding global ecommerce markets. Profitable cross-border ecommerce offers boundless commercial opportunities, but demands cross-cultural, linguistic and legal expertise from both acquiring banks and PSPs.
Ecommerce offers PSP, ISO, MSPs and their merchants far more opportunities to sell products and services abroad than traditional retail. Even though acquiring banks offer domestic payment solutions, banks need a full-service platform and international business partners to offer payment processing for cross-border transactions on a global scale.
In the last decade, Payvision independently built an international network of business relationships with acquiring Banks, Payment Service Providers, ISOs and their global merchants in the USA, Europe, Asia and the Pacific.
Through our Global Acquiring Network, Payvision offers to its partners unique business opportunities and profitable expansion into emerging markets by connecting them to ONE payment platform for global card processing, which processes global payments domestically through BIN sponsorship in different regions; a full-service provider with a single innovative payment processing platform for all cross-border transactions, and a next-generation reporting interface that safeguards control over all the transactions processed worldwide.
By transforming these challenges into opportunities, Payvision makes cross-border ecommerce and acquiring truly profitable.
For over a decade our experts have gleaned expertise in the complexity of cross-border ecommerce. This allows our partners to overcome obstacles such as local compliance, legislation, customs and tax laws.
By connecting to the Payvision global acquiring network, PSPs and ISOs are able to support their clients' demaning international expansion strategies. Our partners are subsequently less vulnerable to financial crime, thanks to our solid risk management protocols and technological compliance with the PCI-DSS requirements of Payvision.