Credit card is a very convenient, fast payment method. It is very widely used in our daily life. Shopping, water and electricity etc. living bills, export trading, travel, offline by POS, online payment.
It is also a major payment solution for online trading. Cross-border credit card payment generally means international credit card online processing. It is commonly used in retail merchant for foreign trading, which is adapted by online retail or wholesale store for products, such as: shoes clothes, accessories, necessities, digital products, health care products, virtual games and forex etc.
International credit card payment has a lot of pros:
1. fast and convenient, real time transaction.
The convenience relies on the fact that consumer save their time going through the procedure in person at the counter of local institution like Western Union, Money Gram, Telegraphic Transfer. The real time means every single step is operated and done online.
2. big Market, safe and reliable
You can imagine there is about 1.5 billion people use international credit card. In Europe and America, almost every single one has a credit card. It is a habitual consuming and lifestyle in the these areas.
It is safe and reliable because third party payment company provide the service, and they cooperate directly with the bank and Major credit card company. Except for their own risk control system. The more powerful bank system and credit card system is a secured guarantee and basement for online transaction.