Payment Processing & Acquiring · Use case

Reduce checkout friction internationally

Scope this use caseTalk to us

Short answer

Customers abroad decline or abandon more often when payments are processed cross-border or their usual method is missing. Local acquiring, local payment methods and routing across acquirers address both — compare providers on where they acquire locally and which methods are live.

What this use case is

Customers abroad decline or abandon more often when payments are processed cross-border or their usual method is missing. Local acquiring, local payment methods and routing across acquirers address both — compare providers on where they acquire locally and which methods are live.

Who builds this

Cross-border e-commerce
Travel
Digital goods
SaaS selling internationally

What your customer sees

  1. 1Sees prices in their currency
  2. 2Pays with their usual local method
  3. 3Fewer declined payments

How Payment Processing & Acquiring solves it

1

Checkout shows local methods and currency

Checkout shows local methods and currency

2

Transaction routed to a local acquirer where available

Transaction routed to a local acquirer where available

3

Authorisation processed domestically

Authorisation processed domestically

4

Retries or alternative routing on soft declines

Retries or alternative routing on soft declines

5

Settlement in your chosen currency

Settlement in your chosen currency

6

Reporting by market and method

Reporting by market and method

Want to have

  1. Local acquiring in target markets
  2. Local payment methods
  3. Multi-currency pricing
  4. Routing and retry logic
  5. Reporting by market

Optional

  1. Orchestration across several acquirers
  2. Network tokens
  3. Local entity support where required

Design decisions

Coverage

One global provider
Several local acquirers with orchestration

simplicity versus performance per market.

Currency

Price in local currency
Price in yours

conversion versus FX exposure.

What to put in your RFP

Markets

  • local acquiring
  • local methods

Routing

  • retries
  • fallbacks
  • orchestration

Currency

  • presentment
  • settlement
  • FX

Data

  • approval rates by market and method

Commercials

  • cross-border and FX fees
Add these to an RFP

How to evaluate providers for this use case

  1. 1Local acquiring footprint
  2. 2Method coverage
  3. 3Transparent approval-rate reporting
  4. 4FX and cross-border costs

Pitfalls

  • "Global coverage" that is cross-border processing
  • Adding many methods without the operations to support them
  • Hidden FX margins

What providers will ask you

  1. Target markets
  2. Current approval rates and decline reasons
  3. Volumes by market

Other Finlane categories that cover parts of this

This use case is solved mainly with Payment Processing & Acquiring. These categories cover specific parts of it and can be tendered alongside it.

FX & Cross-Border Payments

Currency conversion and settlement

Open Banking & Account Data

Bank-based local methods

Fraud & AML Monitoring

Fraud patterns in new markets

Frequently asked questions

Other Payment Processing & Acquiring use cases

Accept online card payments

Add hosted checkout, drop-in or a fully custom card form with 3D Secure, wallets and stored credentials.

Enable in-store or unattended payments

Combine online acquiring with SoftPOS, terminals or QR code payments across markets.

Run marketplace split payments

Split a single buyer payment across multiple sellers with automated payouts and reconciliation.

Scope reduce checkout friction internationally with Payment Processing & Acquiring providers

Scope this use case