International Payment Gateway India

Best Payment Gateway in India for International transactions

How Indian E-Commerce merchants can accept payments from USA based customers.

This is a common question that we get almost every week. In this detailed article we will talk about various payment processing options that are available for India based E-Commerce merchants. The most straightforward approach will be to contact a local processing company like Payu. You can also contact your bank where you maintain a current account. Financial Institutions prefer to work with existing clients.

If these two options are not working for you, then you would probably need to approach an international payment processing company. Please keep in mind that most of the foreign payment processing companies might not offer the facility of accepting payments in Indian rupees. These processors are more comfortable in providing payment processing in USD or US dollars.

Let’s look at a few of the options that are available. The first option is of International Credit Card processing solution by Paytabs. Paytabs is a well known International processing company based in the Middle East and does offer payment processing solutions to businesses in countries like India Philippines Thailand China and GCC countries on case by case. To apply for Paytabs payment processing account click here.

The second option would be to use an echeck processing solution. Echeck pretty much works like a bank to bank transfer but it requires a third party payment processing company. We strongly recommend as your preferred ACH processing partner. The good news is that most of these processes that we have discussed are comfortable in onboarding low-risk E-Commerce merchants. We hope that you will be able to get solutions from these two reliable processing companies.

let’s look at a couple of factors that should be taken care of when you apply for an E-commerce merchant account for international transactions.

Your KYC documents. KYC stands for Know Your Customer. It is a set of documents that are required by the financial institution to understand who is applying for the merchant account. Make sure you send all the KYC documents in the right format to your payment processing company. You should also be aware that payment processing companies are usually very busy as the hundreds of applications every week/month. This is why you should proactively provide any additional documents which are asked by the processing Institution.

Monthly sales volume. If you are a Startup Merchant, then you should keep your monthly sales volume to the minimum. If you project a very high sales volume or an unrealistic figure, then the chances are that the application will be declined.

Maximum ticket size. This plays a critical role in analyzing the credit risk factor. The higher the ticket size higher the chances of chargebacks. You should carefully evaluate your inventory and try to remove expensive items from your sales list. After establishing a relationship with the processing company, you may request them to approve a higher maximum ticket size after 2-3 months.

Website compliance for Indian companies so that they can quickly get an International merchant account.

Your website must look professional and should create a positive image in the minds of the underwriters. Local processing companies may arrange a physical audit, but in most of the cases where an international processor is in place, they pretty much have to extract the vital information from your documents and website. This means your site is your virtual presence and should be attractive. A proper description of the product with detailed information about the shipping and refund policy will help you to stand better chances.

We hope that this article will help you to get a reliable payment processing options for international transactions in India if you have any other questions then feel free to send us an email on [email protected]