Global Payment Gateway In Thailand
If you need a payment gateway in Thailand, then you are at the right website. Quadrapay has been assisting merchants from South East Asia including countries like the Philippines, Laos, Vietnam, Malaysia, and Thailand with global payment gateways and international merchant accounts. The advantage of working with Quadrapay is that the merchants get the opportunity to accept payments from customers in multiple countries using various currencies. It means that Thailand based businesses can readily receive payments from other parts of the world including the United States of America, Europe, Africa and other parts of the world. Quadrapay is happy to provide Global Payment Gateway solutions to Thailand based businesses.
Features Of Best Payment Gateway In Thailand
Before you accept the merchant account agreement, you should look at the following features that will help you to identify the payment gateway company which is offering the best deal.
- A Low Rate Of Credit Card Transactions. Whatever be the case you should not be paying exponentially high transaction fees. Many payment gateway providers and Third party payment service providers charge substantially high MDR also known as merchant discount rate.
- Faster Settlement To Thai Business Bank Account. Except for the few high-risk merchants, most of the companies should be able to get faster payments from the service providers. In case of high-risk merchant accounts in Thailand payment service providers or acquiring banks may implement a specific arrear or rolling reserve. For every other business that is considered low-risk merchants should get paid within a few working days from the date of the transaction.
- Less Documentation. Online payment gateway providers in Thailand should ask for minimum documentation that is required to activate your payment gateway account. Sometimes providers may ask for additional documents to cross-check various details.
- Multi-Currency Credit Card Transaction Acceptance In Thailand. Thailand attracts a massive number of visitors from across the globe. Many travelers prefer to make their stay arrangements before reaching Thailand. For this, they prefer to make an online payment using the local currency. If you are a business in Thailand and you want to accept payments in your merchant account, then your payment gateway company should allow you to receive payments in multiple currencies. Many payment gateway providers in Thailand only offer local currency transactions, but International payment processors or Global Payment gateway providers provide the facility to accept payments in over 25 different currencies and from over 100 countries.
Advantages Of International Payment Gateway In Thailand.
There is a massive advantage of using an international payment gateway in Thailand. The most critical factor is that Thailand based businesses will be able to offer their services and products to a broader base of customers. We all know that customers prefer to make payments in local currency if your International Payment Gateway company allows you to accept payments in various currencies then you will be able to generate more sale. Most of the times domestic Thai payment gateway companies only enable local transactions. Some may allow purchases from Asia Pacific nations, but many businesses in Thailand, especially from the Travel and Pharmacy industry, have customers from across the globe. If your payment gateway company gives you the ability to accept orders from over a hundred countries, then you will be able to generate the maximum number of sales.
Payment Gateway Market Share Thailand
In Thailand traditionally people used cash as the mode of payment. With the advancement of Information Technology and the growth of various fintech companies more and more businesses are accepting cashless method of payment. It includes bank to bank transfer, Credit card payments, Wallet to Wallet Payments, Debit Card payments and Mobile payments. This trend is going to propel the growth of the economy. Local Thai companies are exploring the possibilities to advance in the international market. Already many Hotel chains, Exporters, Pharmacy companies, Online dating companies from Thailand are accepting payments from International customers. To get detailed information about the Trends and analysis of payment processing in Thailand and other parts of Asia we recommend you to read this report by Mckinsey.
International Payment Gateway Providers Thailand
The role of International payment gateway providers in Thailand is very critical. These payment gateway providers help businesses in exploring various available options for payment processing from different parts of the world. Payment gateway providers easily understand the requirements of business owners and based on the conditions they make the right suggestion. Businesses are free to make their judgement and either choose or let go of the option. Most of the times when we get a call or inquiry from any Philippines or Thailand based merchant then we usually recommend payment processing solutions from the European Union for other parts of Asia. We do this because of the time zone difference. It is good to work with a payment gateway provider that is closer to the Thai time zone.
International payment gateway providers can offer the various options to Thailand based merchants. It includes Credit Card processing, USA ACH, USA Echeck, Local payments from the European Union and other parts of the world. If you are genuinely looking forward to expanding the payment processing capability of your esteemed organization that we recommend you to send an email on [email protected] Our team will carefully look at your website and understand your business model. Our team will also suggest you about the website compliance and recommended modifications on your site that can help you in improving the possibility of getting a payment gateway for international transactions in Thailand.
Most Popular Shopping Carts Used With Thailand Payment Gateway
High Risk Payment Gateway Thailand
Just like every other country, some merchants from Thailand may also be considered as high-risk merchants. These businesses require a particular kind of payment gateway which is known as high risk payment gateway. It is common to get applications to decline from domestic payment service providers if the merchant is from any high risk industry like
- Forex Binary
- Online Dating
- Tech Support
- Forex Coaching and Training
- Immigration Consultancy.
Having said that there are many high risk payment gateway options available for Thailand based merchants. Quadrapay works with a vast number of payment service providers. Some of them may be interested in evaluating your application. If your documents are valid and you do not attract substantially high credit risk, then there is a huge possibility that you may start accepting credit cards, debit cards, ACH and local payments from Europe and other parts of the world quickly.
2d Payment Gateway Thailand
If you are looking forward to getting a 2D payment gateway in Thailand, then you have come to the right place. Many international payment service providers are comfortable in onboarding merchants from Thailand. These payment gateway companies also offer payment gateways to Thailand based merchants. Of course, they have their compliance requirements, and there is no guarantee that every application will be approved. Still, if you are looking forward to getting a payment gateway for your business in Thailand, then you should send us a filled form. You can also fill the online merchant account application form available on a website. Make sure you give precise details and upload the required documents. 2D payment gateway or payment gateway with virtual terminal attracts a substantially high amount of risk, and that is why payment service providers will try to analyze your application deep and review it strictly. The more detailed information you share on the application form, the easier it will be for payment service provides to give you a solution. Please keep in mind if you are applying to European Union based payment service provider then you must have an EU company. We can suggest you how you can quickly register an EU company without visiting the European Union.
Offshore Payment Gateway Thailand
Businesses across Thailand use two different type of payment gateways. The payment gateway that is provided by a local Thai company is called a domestic Thai payment gateway. If the payment gateway company is not from Thailand, then this will be considered an Offshore payment gateway in Thailand. Some merchants may not get approved locally, and these may require to get Offshore payment gateways. If you are looking forward to getting a Credit Card processing solution or Offshore merchant account and payment gateway in Thailand then fill the online application form for a merchant account. Our Team will get back to you within 1- 2 working days with the pre-approval. After getting the pre-approval we will let you know about this next steps. Hopefully, you will start accepting transactions within 3-4 working days.
Core Services Of Quadrapay For Thailand Market.
- High Risk Merchant Account In Thailand. If local and International payment processors have rejected your application, then give us an opportunity. We will try to get you approved for a High-Risk Merchant Account in Thailand.
- International Merchant Account In Thailand. If you are comfortable in accepting local transactions but are looking forward to expanding to new international markets, then you must use an International merchant account in Thailand. With International payment gateway, Thai companies can accept payments from various other countries including those in North America, Europe, Latin America, Africa, Asia and Australia. You can receive payments from over a hundred countries in more than 25 different currencies.
- Offshore Merchant Account In Thailand. If you are local payment processor has declined your application then you should try to get an Offshore Merchant Account in Thailand. These processors are a little bit expensive, but they offer reliable Credit Card processing solutions to merchants from many countries including Thailand. Sometimes but not always offshore processors may provide a delayed settlement. It means you will have to wait for at least 5 to 7 days to get your first payout. It is a risk mitigation initiative taken by payment service providers to reduce the credit risk.
- Online Credit Card Processing In Thailand. Give more wings to your Thai business. Accept payments online by using Credit Card processing. Let us know about your requirements, and we will try to find the lowest rates for your industry type. We not only approach local credit card processors but we also approach International processors that can help you in substantially reducing your transaction fees and monthly cost on the account.
- High Risk Credit Card Processing In Thailand. High Risk Credit Card processing in Thailand is difficult. Most local processing companies will say an absolute no to merchants from high risk Industries. Very few payment processing companies have the capabilities of offering high risk processing to Thailand based businesses. Do not worry fill the online merchant account application and we will be contacting you soon will available solution.
- E-commerce Credit Card Processing In Thailand. Many E-commerce websites in Thailand and are looking forward to selling products to the global customers. You have come to the right place Quadrapay has expertise in assisting E-Commerce merchants. Many of our merchants are excelling exponentially In the E-Commerce space. We will be happy to add value to the Thailand base e-commerce company.