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REPLICA CREDIT CARD PROCESSING ISSUES WITH INTERNATIONAL CREDIT CARDS

Credit Card is one of the most innovative tools that exist today. The primary reason for its popularity is its core concept which is “Buy Now Pay Later”. It means that the holder of the credit card can buy what he wishes too even though he does not have money now and pay for it later. Also, he can either pay the full amount or pay it in instalments. There are several other advantages of credit cards.

To accept credit cards you need to have a credit card processor associated with your business. To accept international credit cards then you should have a processor who processes this kind of cards. Some of the processing issues with International Credit Cards are:

Deferred Processing

This technique is a lot cheaper that the real time processing of credit card. It is much simpler to implement and does not require a secured gateway. The absence of a secured gateway in the system does not imply that it is not safe. Most customers will not even know whether your payment processing system uses deferred or real time processing.

“Deferred Processing” permits the processing of credit cards in the manual mode. This method does not have the level of automation that exists in the real time processing system. It is slightly slower and a manual process. Processing of several orders on the terminal is an every day task. Also, there is a high potential for errors. A number can easily be mistyped by the operator resulting in an unsuccessful transaction.

How does the “Deferred Processing of Credit Card Payments” work?

1)    Customer chooses a product and adds it to the shopping cart.

2)    The web connection enters the secure mode while the customer will enter the payment details. Then the information is encrypted and sent from the customer’s computer to the server.

3)    The customer will finish the order and quit from the site.

4)    The vendor or merchant will process those orders after some time through a credit card terminal.

5)    The terminal will report back to the merchant with the status report which can be either approved or denied.

Processing of International Credit Card

Because of security and to protect your business from fraud, it is advised that you should not accept these credit cards. Provide your international customers with other alternatives like wire transfers or international money orders. Taking payments through International Credit Cards is very risky due to numerous reasons. The most important reason is you cannot verify the address. So if your foreign customer uses a stolen card to pay the bills then you will get stuck with. You will have to pay additional fees apart from refunding the money. To insult you more, you are required to pay the charge back fees.

International Orders

Catering to international orders is a very complex issue. Mainly, the problem is the payment concern that is described above. Then, you are stuck with the shipping charges which is very expensive. Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.