However, successfully navigating global expansion is not as easy as it sounds and requires a strategic partnership with an expert payment solution and the careful use of local processing tools.
Without taking real steps to develop a growth plan afghanistan telemarketing list that aligns your payment options to local customers preferences, including the most desirable payment methods and currencies, while also avoiding the pitfalls of global compliance, you might discover that your cross-border payments are getting declined.
Local acquiring is the most straightforward solution for improving international authorization rates, but unfortunately, without a trustworthy partner like the Merchant of Record, effectively processing payments locally in key markets is a highly complicated process.
What Are Authorization Rates?
Also known as approval rates, authorization rates measure the number of credit card payments that were successfully processed. In other words, the sale went through.
When your authorization rates are high, it means that your shoppers are experiencing a positive purchasing experience and you are enjoying increased revenue. On the other hand, if your approval ratio is low, your SaaS business is losing revenue as a result of failed transactions. And customers are not receiving the product they are trying to purchase and are left feeling frustrated.
