What is the best online payment solution for internationally focused startups?
Payments
Asked by Question Bot11/Oct/20111 answer
1 Answer
F
Faisal Khan
Answered 11/Oct/2011
Not having any a priori information on on how international you are and what exactly you will be selling (goods or services?), your options can vary from PayPal to third-party payment processors.
PayPal does cover almost all the countries (for receiving payments), but for paying via PayPal, the list is significantly smaller. You might want to check on your top geographic markets if PayPal is worth your while. If you're say China / Korea concentric, you might as well dump PayPal and get acquainted with AliPay, which is the de facto payment system in the Orient.
If its credit card payments you are looking after, there are literally 1000s of 3rd party payment processors who will process for you. Really anyone that will accept you, and as long as the acquiring fees is reasonable, and your settlement times are decent.
Being international (I'm going to assume you're outside of US), it may just make sense to opt for a payment processor that is regional to your area, but will process payments from all over.
If that is not the case, you then might want to venture into more mature market 3rd party payment processors (from US/Canada, UK/EU), who will process for you.
PayPal does cover almost all the countries (for receiving payments), but for paying via PayPal, the list is significantly smaller. You might want to check on your top geographic markets if PayPal is worth your while. If you're say China / Korea concentric, you might as well dump PayPal and get acquainted with AliPay, which is the de facto payment system in the Orient.
If its credit card payments you are looking after, there are literally 1000s of 3rd party payment processors who will process for you. Really anyone that will accept you, and as long as the acquiring fees is reasonable, and your settlement times are decent.
Being international (I'm going to assume you're outside of US), it may just make sense to opt for a payment processor that is regional to your area, but will process payments from all over.
If that is not the case, you then might want to venture into more mature market 3rd party payment processors (from US/Canada, UK/EU), who will process for you.