The ecosystem of international payment processing can be quite complex. Accepting payments across the globe means considering cross-border fees, foreign exchange fees, currency conversions, local regulations and selecting the correct international payment gateway from the hundreds of options.
While other options besides credit cards exist for accepting payments internationally, credit cards are still king. As a business expanding operations into a new country, there are a lot of questions that need to be answered: Do you need a local operating business entity in that country? How do you handle currency conversion? How do you get a merchant processing account in another country? How do fees and rates compare internationally?