The decision to expanding a business cross-border represents a promising opportunity that requires planning and the right tools to ensure that everything runs smoothly, especially when it comes to international payments.
For Portuguese companies that want to sell abroad and receiving payments from abroadIt is essential to choose online payment solutions that are safe, efficient and adapted to the global consumption profile.
At REDUNIQ, we are familiar with the challenges of international transactions. That's why we offer payment solutions for business who want to grow without borders, focusing on innovation, security and ease of integration.
In this article, we'll look at the main international payment methods, criteria for choosing the best payment platform and guaranteeing secure online payments to your foreign customers.
Main international payment methods for companies
There are various ways of accepting international payments, and each payment method has its own particularities. The most commonly used in global trade are:
International credit and debit cards
It is essential that businesses accept cards from the main brands (Visa and Mastercard, for example). As well as being quick and familiar to the consumer, these are compatible with the solution, for example DCC of REDUNIQ, which allows currency conversions in online shops in real time.
International bank transfers (SWIFT/SEPA)
Transfers via networks such as SWIFT or SEPA are popular with B2B companies and offer security, but they can be slower and entail high costs for both parties.
Digital wallets
In a world where wallets take on an increasingly important role in digital transactions, the online payment methods such as PayPal, Apple Pay and Google Pay are gaining popularity among international consumers, especially in markets with a strong digital presence.
Integrating this type of international payment platform can increase conversion rates and customer retention.
Alternative payments
Payment methods such as PIXwhich has just arrived in Portugalare essential for companies that want to conquer specific markets, such as Brazil in this case.
With REDUNIQ, it is possible to integrate this type of online payment solutions and provide a shopping experience closer to your customers' expectations.
How to choose the best payment platform for international transactions
Choosing the right international payment platform should be based on your company's needs and profile. Here are some criteria to consider:
- Multi-currency compatibilityIt is essential that the platform accept payments in several currencies and make the currency conversion in a safe and transparent way;
- Fees and commissions: analyse the costs per transaction, exchange rates and any additional commissions. REDUNIQ offers competitive solutions adapted to the realities of your business. Portuguese SMEs;
- Easy integration: opt for solutions with APIs and plugins that integrate easily into your online business or invoicing system, such as REDUNIQ E-commerce;
- Technical support and monitoringlocal and personalised support ensures that your company is never alone in facing the challenges of the global market.
Security in international payments: what you need to know
Security in international payments is one of the biggest concerns for companies and consumers. FraudCyber attacks and authentication failures can jeopardise trust and damage the brand's image.
As far as safety is concerned, REDUNIQ solutions guarantee it:
- PCI-DSS compliance (Payment Card Industry Data Security Standard) in payments us online paymentsprotecting sensitive customer data;
- Strong customer authentication (SCA) in accordance with the PSD2This is compulsory in the European Union;
- Real-time fraud monitoringwith state-of-the-art technology that blocks suspicious transactions;
- Advanced encryption and secure communication channels, ensuring that payments are processed without risk.
Conclusion
Expansion across borders requires a strategic and technological approach that keeps pace with the global consumer.
Thus, having a partner in payment solutions such as REDUNIQ, which combines innovation, simple integration and security in international payments, is the first step towards ensuring the success of your online business abroad.
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