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Merchants can increase international sales by accepting payments in the local currency of their customers.

 

Customers Shop in Their Currency

The Global Acquiring Platform (GAP) from Merchant e-Solutions provides merchants who have international customers with the ability to accept payments in the local currency of their customers.

The Internet has made it possible for merchants to sell goods and services to customers located almost anywhere. But customers tend to make purchases only when they can view prices in a currency they use everyday. When customers shop at websites that display prices in an unfamiliar currency, the shopping cart abandonment rate goes way up. By presenting pricing information in the customer’s currency, merchants can increase the number of sales and the amount per sale.

Merchants Settle in Their Currency

In addition to improving sales, GAP is easy on merchants because transactions are authorized and settled in the merchant’s currency choice. So customers can make payments in a familiar currency—based on where the consumer is connected to the Inernet, while merchants can view the same transactions in a currency they prefer.

For More Information About GAP

Please contact Kevin Gallagher.
kgallagher@merchante-solutions.com
(678) 493-8853


How GAP Works

Merchant e-Solutions has partnered with Payvision and Toccata to help meet the international payment processing needs of U.S. merchants.

Merchant e-Solutions
Provides merchant account used for domestic transactions.
Offers consolidated web-based reporting that includes domestic and international transactions.
Provides payment gateway for the authorization of card payments through a simplified API that’s easy on IT resources.
Payvision
Facilitates the establishment of merchant accounts needed to conduct transactions in international currencies.
Supports a wide range of currencies and card types.
Toccata
Manages foreign exchange and guarantees the rate for the life of the transaction.

Key Benefits of GAP

  • Unified payment processing throughout Europe provides merchants with a global reach without the expense of establishing local operations in multiple countries.
  • Improved approval rates from European recognition of ‘domestic’ transactions.
  • Consolidated reporting for domestic and international transactions.
  • Reduced foreign exchange risk with refunds processed in the same currency as the original transaction.

 

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