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Pay Pal Ecommerce

E-Payments & Taxes

Companies who use the Internet to reach overseas customers frequently use their website to process orders and accept payments. To ease international customers' use, companies should consider installing currency converters on the payment page. Additionally, as payment practices usually vary from country to country, it is important that the prevalent payment mechanisms be identified and incorporated into the order-processing component of the web site. U.S. Commercial Service Trade Specialists in your target market can help you identify a country's most common payment mechanisms, which you should consider before commencing cross-border e-commerce in a particular market. See also, research on the Top Internet Markets FAQ .

Person-to-Person (P2P) Transfers

There are many companies offering P2P services, in which funds are sent electronically to a third party, which in turn deposits the funds in the merchant's account. An example of a P2P service provider that conducts cross-border transaction is PayPal. PayPal lets anyone with an email address securely send and receive online payments using their credit card or bank account. PayPal will also conduct currency exchange, allowing the customer and merchant to operate in their preferred currency. Other P2P providers, such as Western Union's BidPay, accept a credit card payment from the payer and send a money order to the payee. Internationally, P2P transfers have come under some degree of scrutiny, so it is advisable to consult with a Commercial Service officer in the country you are targeting before deciding on a particular payment mechanism.

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