Multi-currency credit card processing is the process of credit card payments being processed internationally. This allows you to offer services and products in more than 169 currencies, and receive payments in 29 remittance currencies. This allows business firms to expand their sales territories and offer payment options to customers in different parts of the world. You can also hire credit card processing companies via http://cashicash.com/.
International Credit Cards can be issued by banks and their affiliates. One card would be valid for all countries that allow dollar transactions. A credit card that is international allows one to make reservations for flights, car rentals and hotel reservations overseas. Insurance coverage is also available for fraud and theft.
International credit card processing involves authorizing credit cards and withdrawing funds. The merchant must have an international merchant account in order to process this transaction. An international merchant account is a contract between a credit card processor (the merchant) and establishes the rules and procedures for credit card purchases and funds transfers. This is a description of how it works. Imagine a European buyer buying products from a US merchant. The merchant uses the credit card processing company to sell pictures. The buyer is charged Euro for the products and the remittance in dollars.
American Express, Diners Club Mastercard, Visa, and Mastercard are some examples of international credit cards. The appropriate software program automates credit card processing. International credit card processing companies can also be used to process international credit cards. Credit card processors provide merchant accounts and expertise to assist businessmen in accepting credit cards from foreign buyers. These companies also offer an Internet merchant account so that merchants can accept credit cards online. Many companies offer credit card processing services around the globe.