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