How domestic acquiring helps overcome your cross-border payment challenges

As multinational businesses seek to expand into emerging markets, cross-border ecommerce is expected to reach a value of $2.25 trillion by 2026, up from $579 billion in 2019.

What's driving this growth? Increasing globalization of our economy makes it simple for customers to buy what they want–domestically or internationally. At the same time, more and more businesses accept a wide variety of local payment methods, making it easier than ever to pay cross border.

The ease of cross-border shopping means there is a significant growth opportunity for multinationals to enter new markets, attract new customers, and increase revenue. However, selling internationally means you need to rethink how you accept payments. If you're not careful, higher fees and lower authorization rates can impact your ability to profitably compete in new markets, leaving your business on the sidelines instead of across the border.

If you have a presence in countries outside of your home market, consider taking advantage of domestic acquiring to reduce cross-border payment complexity and increase your revenue.