Cross-border e-commerce is booming: it is expected to bring in $203 billion annually by 2021. Yet many U.S.-based merchants hesitate to engage in global transactions. To be sure, risks abound, but so do misconceptions about payment fraud.
Using local payment methods (LPMs) — that is, payment methods beyond credit cards — may lessen risk and allow global expansion. Linked to local banks, they typically have built-in security safeguards. In China, for instance, 49 percent of online transaction take place via e-wallet and only 23 percent by credit card.
Risk is reduced because such push-payment methods, where the customer initiates payment, do not require the business to collect consumers’ payment data, thereby lessening exposure to chargebacks due to misuse of stolen cards.
Bank transfers — which move money directly from the purchaser’s bank to the merchant’s — are another avenue to pursue. Used in nearly half of online transactions in Germany, bank transfers are performed via redirect during checkout, through a real-time or offline transfer process.







Build and sail a cardboard boat or just come to soak up the event-day festivities during this fun-soaked day at Six Flags Hurricane Harbor.
Join emcee Scott Murray and Jay Novacek for fun friendly competition at our annual Sporting Clay Shoot at Defender Outdoors Clay Sports Ranch. Highlights of the event include 100 rounds of clays; supplied shells, lunch, awards, live auction, raffles and prizes!