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Go International with GEC
Opening new regions requires new services to connect to
When considering opening new countries, most likely it will impact the check out flow. There are different solutions for this. Each has a different way to connect to Global Payments PSP, Fulfillment and Distribution. Also decisions to take on 'who will be the Merchant of Record' has impact on your financial processes and the contracts you need to sign with a provider.
Critical domains to consider - localization
With most of the standard set-ups you will cover for the biggest part of the revenue. Getting the local payment methods and local heroes for last mile services in place will enable you to get the max business out of the new countries.
Compliancy to local Tax
Europe is complex when it comes to Tax and many other legal areas. Think of EU and Non-EU, Brexit impact, GDPR, VAT and Duties, Consumer Terms and Conditions and Corporate Tax. All these may differ from country to country.
Fraud prevention - Payment authorization
Going international will, in many cases, mean outsourcing parts of your processes. Check out service providers offer services to prevent fraud and to optimize the payment authorization. It is important to embed outsourced financial services in your existing organization.
Governance
Getting new countries open for sales is one thing, assuring great performance together with your partners can be established by aligning on governance together.
Check the success factors with GEC
GEC has built a track record in developing new business through country expansion. Get in touch with us to discuss your ambition and check all the critical success factors.