| One such advantage of operating an
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| | for your products generally uses the same
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| e-commerce website is the convenience of
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| | steps as when your buyers are locals.
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| reaching a wider global market with a few
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| | Customers go to your website, load
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| clicks. As such, it is necessary for
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| | products in their shopping carts, and
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| online merchants to have a payment system
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| | head to check out. They will be directed
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| that can support different currencies to
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| | to a PayPal encrypted page where they
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| make purchasing easier for global
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| | will be able to choose their payment
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| clients. Fortunately, two of the most
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| | option and currency. Upon completion of
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| popular and easy-to-use online payment
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| | the payment transaction, they will be
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| vendors support multicurrency payments so
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| | redirected to your website. Currently
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| merchants and buyers need not fret
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| | supported currencies include: US,
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| despite being separated by the Pacific.
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| | Australian, Hong Kong, Singapore, New
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| You can get your payments and products in
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| | Zealand, and Canadian dollars as well as
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| no time thanks to PayPal and
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| | the Japanese Yen, Danish Krone, Swiss
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| Moneybookers.
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| | Francs, and the Euro, among others.
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| PayPal
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| | Moneybookers
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| PayPal offers four ways of notifying
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| | As an international electronic wallet,
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| merchants about payments for back-end
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| | Moneybookers lets your customers maintain
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| integration. These are:o Reportingo
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| | their accounts using their local
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| Emailo Payment Data Transfer (PDT)o
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| | currencies, then convert it for your
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| Instant Payment Notification (IPN)
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| | payments. For a minimal conversion rate,
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| PayPal reports can be anything from
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| | you can enjoy the benefits of having
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| history logs to monthly statements of
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| | global clients at your reach. Supported
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| accounts while email notifications are
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| | currencies include the US, Canadian,
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| usually sent for three instances:
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| | Singapore, Taiwan, and New Zealand
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| successful, cancelled, and pending
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| | dollar, Euro, Indian Rupee, Japanese Yen,
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| payments. PDT and IPN are essentially the
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| | Swiss Franc, and South Korean Won, among
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| same but for some key differences.
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| | others.
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| Although both display payment transaction
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| | Payments can be made using any of the
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| details for buyers, the time delay can be
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| | following options:o Credit Cardso Debit
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| of significance. Whereas PDT displays
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| | Cards
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| these details to buyers when they are
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| | Instead of letting international traffic
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| redirected to your website after
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| | go up in smoke, you can turn them into
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| completing their purchases, there some
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| | customers by giving them the option to
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| cases when you will not receive
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| | pay the way they like. You can accept
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| notifications like for reversals,
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| | "local" international payments from
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| refunds, or pending payments. IPN, on the
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| | customers in over 30 countries.
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| other hand, will notify you instantly
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| | Moneybookers also offer online merchants
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| about any payment transaction. For best
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| | with a full protection against chargeback
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| results, it is recommended that you
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| | and fraud with stringent security
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| enable both functions for your PayPal
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| | measures. Not only are your payments safe
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| account.
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| | but also those of your clients.
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| Accepting online multicurrency payments
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|
