Multiple international payment platforms
If your company is an international business, a large payment software vendor, or a franchisor, you definitely have to face the challenge of dealing with multiple international payment platforms. Globalization tendencies, witnessed by today’s merchant services industry make many companies of the listed types face new tasks, associated with international expansion of their operations. So a company, that wants to expand its business to new regions, needs to realize the key challenges, associated with global payment processing. The challenges can be conceptually classified into several topical groups. Some of them concern prioritizing of transaction types you are going to handle and prioritizing regions you are planning to expand your operations to. Others are associated with granting of merchant accounts to new customers in new geographical locations, as well as with handling of multi-currency operations.
A clear step-by-step expansion strategy is outlined in the respective article on Paylosophy.