In today's increasingly globalised world, expanding international business has become an inevitable trend for business development. The acceptance of global markets not only helps businesses expand their customer base but also enhances brand awareness. If you are looking to grow your business globally, then providing a user-friendly payment gateway to accept international payments on your website or application would be the best option for you. :- www.deekpay.com
We are pleased to announce that PayU has partnered with a number of leading banks to offer international payment acceptance services to our merchants. Once the service is activated, you will be able to accept payments in over 100 currencies.
However, the activation of this service is subject to the approval of our banking partners as well as internal audits. This is a paid service and the cost will be communicated once we receive your relevant documents. Therefore, if you are considering expanding your business to international markets, please contact us!
As soon as we learn that you are interested in activating the International Payment Service, we will begin the process. Below is a step-by-step guide to activating the International Payment Service.
**Three steps to activate international payments:**
1. Provision of required documents by merchants
2. PayU team validates documents and determines costs
3. PayU team submits leads to bank partners for approval
**Step 1 - Merchant Submission:**
- Bank statements (last 1 year) / Income tax returns (last 2 years). (For start-ups only)
- Audited balance sheet (last 2 years). (If the company is more than 2 years old)
- Statement of Profits and Losses (if the company is more than 2 years old)
- Export/import certificates for physical products.
- FSSAI licences for bakeries and food commodities.
- IATA certificate for travelling business or any other travelling LOB.
**Step 2 - PayU Validation File:**
Once the documents have been verified, the PayU team will contact you to discuss, among other things, the cost of the international payment gateway service.
**Required for ratification:**
- The website needs to be complete with Terms of Service, Privacy Policy, Refund and Cancellation Policy and Shipping Policy.
- The refund and cancellation policy should include how refunds are made and the time frame for processing. In case of shop credit, the validity period of the shop credit needs to be stated.
- The transport policy should clearly state whether international distribution is available. If so, details of the IE (import/export) code, transport insurance and distribution partner are required.
- Provide test logins and passwords to validate the transaction process.
- If URL redirection is involved, proof of ME compliance is required. Details of the redirected URL should be clearly communicated to the merchant compliance team in the merchant compliance email.
**Step 3 - Bank Approval:**
Final approval will be provided by the bank, after which the service will be enabled in your PayU account.
**Frequently asked questions on acceptance of international payments:**
- How can merchants accept overseas payments simply and securely?
Merchants can accept overseas payments through a simple and secure payment gateway such as PayU, which is PCI DSS compliant and offers 128-bit encryption. In addition, the platform has a very user-friendly interface.
- What forms of international payments can PayU merchants accept?
PayU merchants can accept credit and debit card payments simply and securely.PayU's international payment acceptance feature allows you to accept payments in over 100 currencies.
- Are there any payment gateways that accept card payments for non-Indian billing addresses?
PayU supports international payment acceptance, but is not activated for all merchants by default. There are a large number of chargebacks for international cards. Therefore, each payment gateway in India discusses the requirements with merchants in detail and activates them on a case-by-case basis.
- What are the best international payment processors for high-risk merchants?
PayU is the best payment processor for high-risk merchants.PayU has expertise and experience in this field. You can also discuss specific issues with your KAM or customer service team. It is available for mobile devices and desktops and can accept international payments in over 100 currencies.PayU is highly secure and PCI DSS compliant.
- Can global e-commerce merchants use PayU to accept international payments?
Yes, global e-commerce merchants can accept international payments using PayU, India's leading online payment solutions provider with an international payments business that serves over 100,000 merchants. Since 2016, PayU has been providing international payment services supporting over 100 currencies including US Dollar (USD), Euro (EUR), Pound Sterling (GBP), Australian Dollar (AUD), UAE Dirham (AED), Singapore Dollar (SGD), Bahraini Dinar (BHD), New Zealand Dollar (NZD) and more.
**Conclusion:**
We are pleased to offer all eligible users these continuous improvements and product updates that make online transactions fast, easy and secure. Integrate with PayU's International Payment Acceptance and experience international transactions like never before! Read our blog post, International Currency Transfers, to learn about types of international transfers, how to find the best international payment gateway, and more. Take your business to the next level and go global!