Accept Multicurrency Payments Online from International Customers Easily

PayPal

PayPal offers four ways of notifying merchants about payments for back-end integration. These are:

o Reporting

o Email

o Payment Data Transfer (PDT)

o Instant Payment Notification (IPN)

PayPal reports can be anything from history logs to monthly statements of accounts while email notifications are usually sent for three instances: successful, cancelled, and pending payments. PDT and IPN are essentially the same but for some key differences. Although both display payment transaction details for buyers, the time delay can be of significance. Whereas PDT displays these details to buyers when they are redirected to your website after completing their purchases, there some cases when you will not receive notifications like for reversals, refunds, or pending payments. IPN, on the other hand, will notify you instantly about any payment transaction. For best results, it is recommended that you enable both functions for your PayPal account.

Accepting online multicurrency payments for your products generally uses the same steps as when your buyers are locals. Customers go to your website, load products in their shopping carts, and head to check out. They will be directed to a PayPal encrypted page where they will be able to choose their payment option and currency. Upon completion of the payment transaction, they will be redirected to your website. Currently supported currencies include: US, Australian, Hong Kong, Singapore, New Zealand, and Canadian dollars as well as the Japanese Yen, Danish Krone, Swiss Francs, and the Euro, among others.

Moneybookers

As an international electronic wallet, Moneybookers lets your customers maintain their accounts using their local currencies, then convert it for your payments. For a minimal conversion rate, you can enjoy the benefits of having global clients at your reach. Supported currencies include the US, Canadian, Singapore, Taiwan, and New Zealand dollar, Euro, Indian Rupee, Japanese Yen, Swiss Franc, and South Korean Won, among others.

Payments can be made using any of the following options:

o Credit Cards

o Debit Cards