Payment With Credit Card From Abroad

[olivostok]

Hi,

My company exports furniture and one of my customer in USA insist to pay with credit cards only (Visa and Mastercard), but my company can't offer this service yet and all the banks we've already asked about it could only answer that they can't help us (for different reasons: the company isn't old enough, we deal with furniture....).

Anyone can help?

Thanks

[chanwit]

Is it possible that you or your company can get a Merchant Visa/Mastercard/Discover account?

If you had that you could enter the order manually from the provided website virtual display and when the money clears you can ship the product.

Credit card use costs the company a surcharge with a range or 2% - 3%. You would have to clear that with the customer.

I use http://www.itransact.com/index.html

[LaoPo]

Supply your USA client with your Bank's BIC code and account number + name of you or your company; if he can't accept that they're not used to do business overseas; be careful.

Did you double check the client already ?

Or ask them to open a PayPal account (takes ca. 5 days before finalizing) and do it yourselves too (if you don't have one yet) but I'm not a real fan of PayPal myself.

edit:

does your company work with Bank L/C's ? and if not, why not?

LaoPo

Edited January 25, 2010 by LaoPo

[olivostok]

Thanks for the advices.

What is Bank L/C's?

[CWMcMurray]

Letter of Credit...

[olivostok]

Letter of Credit...

Yeah, sorry, my brain was still asleep

[monty]

There are 2 local Thai companies doing credit card clearing.

Used by pretty much everybody to small o too young to get a full bank merchant account!

https://www.paysbuy.com/index.aspx

And

http://www.thaiepay.com/?lang=EN

Double check commission fees, as on low profit margin products you will have to adjust your prices.

And be wary of companies wanting to order by credit card. No problem whith a long standing existing customer, but with new customers and big orders, be very careful, it's very easy for them to get their hands on stolen CC info, it will look like you get the money, but a few weeks later the bank will suddenly take the funds back away (charge back) when the real owner finds out about the fraudulent charge.

Always ask for a scan of photo ID, along with a scan of the credit card used, names should match. Doesn't save you, but most scammers will bail out at this request.

[Robbogeordie]

You can accept payment through 2Checkout.com .

Hefty commission fees mind,but it's another payment avenue.

If it's high value from a company then wire transfers are much better though.