1. New Payment Gateway Opened in Brazil –News from GlobeBill
GlobeBill has opened Brazil payment gateway after an
overall consideration of present Brazil payment
condition.
As the world's 6th largest economy, there is no doubt
that Brazil’s economy is by far the most important
e-commerce market in Latin America. This BRIC
country’s growth will continue for years to come. Until
now a major concern was capturing funds in Brazil. To
understand this you must appreciate that there are two types of credit cards in Brazil.
International cards which are generally held by higher income individuals and
national cards which are far more popular. International cards can be processed via
normal channels, but the national cards will decline if not captured by a domestic
MID. A Brazilian domestic merchant account will boost capture rates by as much as
50%. Adding our payment methods to your international e-commerce platform can
immediately boost sales. We cover every aspect of processing your payments so you
can concentrate on one thing - driving sales within Brazil.
When given the choice, Brazilians use national payment methods for about 90% of
their online purchases. Brazilian credit cards are often limited to national purchases in
Real. Credit card payments with installments are an absolute must in Brazil and
"Boleto Bancá rio" is the leading push payment method for businesses as well as
consumers. All these payment methods, plus cash deposits, national wire transfer and
bank proprietary payment methods are subject to legal restrictions and are only made
available to Brazilian corporations.
The payment gateway of GlobeBill (www.globebill.com) is designed specifically for
international payment service providers and e-commerce platforms. Gain access to the
broadest set of local payment methods and immediately multiply your sales within
Brazil. However, processing local payment methods can be very complex, because of
legal restrictions, technical requirements, language barriers and the highly dynamic
conditions of one of the world's fastest growing economies.