Category: Latin American

  • Entering the LATAM iGaming Market: A Guide for US Gaming Companies

    Entering the LATAM iGaming Market: A Guide for US Gaming Companies

    The Latin American (LATAM) gaming industry has emerged as one of the most exciting and rapidly growing markets in the world. With a population of over 600 million people and a rising middle class, Latin America presents a wealth of opportunities for US gaming merchants and service providers looking to expand their reach and tap into new sources of revenue.

    In recent years, the LATAM gaming industry has experienced a surge in popularity, driven by factors such as increasing smartphone penetration, improved internet connectivity, and a growing appetite for mobile gaming, esports, and online casino platforms. From Brazil to Mexico, Argentina to Colombia, gamers across the region are embracing digital entertainment like never before.

    For US gaming merchants, the LATAM market offers a unique chance to diversify their customer base, boost revenue streams, and establish a strong presence in a region that is poised for continued growth. By leveraging their expertise, technological capabilities, and industry knowledge, US providers can capitalize on the rising demand for high-quality gaming experiences in Latin America.

    However, entering the gaming market is not without its challenges. From navigating complex regulatory landscapes to adapting to local payment preferences and cultural nuances, US gaming merchants must be prepared to tackle a range of obstacles in order to succeed in this dynamic region.

    Ready to expand? DirectPayNet will secure your payments ecosystem.

    Why US Gaming Merchants Should Enter the LATAM Market

    The Latin American (LATAM) gaming industry is one of the most rapidly expanding markets globally, presenting a wealth of opportunities for US gaming merchants. With a projected annual growth rate of 10% through 2028, the LATAM gaming market is expected to reach $4.3 billion in value. This impressive growth is driven by several key factors:

    1. Mobile gaming boom in Latin American countries – Mobile gaming has taken Latin America by storm, with 87% of LATAM gamers playing on mobile devices, significantly higher than the 67% playing on PCs and 57% on consoles. The widespread adoption of smartphones in the region, coupled with the accessibility and casual nature of mobile games, has fueled this boom.
    2. Increasing popularity of esports and online gamingEsports and online gaming have gained significant traction in Latin America, with the region’s esports market generating around $47.5 million in 2021, growing at a 16% year-over-year rate. The rising interest in multiplayer competitive gaming, like tournaments, and the growth of online gaming communities have contributed to the industry’s expansion.

    Best LATAM Countries Allowing US iGaming Services

    Several Latin American countries have recently opened their markets to US igaming services, presenting new opportunities for gaming merchants:

    1. Brazil: With a population of over 200 million and a pending regulation of sports betting, Brazil is poised to become the largest online sports betting market in LATAM.
    2. Mexico: As the second-largest economy in Latin America, Mexico has regulated most forms of gambling, making it an attractive market for US providers.
    3. Argentina: Argentina has a growing igaming market, with online gambling regulated in several provinces.
    4. Colombia: Colombia was the first regulated igaming market in Latin America, with steady growth since online gambling was legalized in 2016.
    5. Chile and Peru: Although smaller than the aforementioned markets, Chile and Peru show potential for growth and are increasingly attracting US gaming merchants.

    Potential for Gaming Revenue Growth in These Markets

    The opening of these markets presents significant potential for gaming revenue growth. For example, Brazil’s regulated online gambling market is expected to reach $1.3 billion, followed by Mexico at $1.2 billion, Chile at $354 million, and Colombia at $303 million.

    As more Latin American countries regulate online gambling and the user base continues to expand, US gaming merchants can capitalize on these growing revenue streams.

    How to Safely Enter the LATAM iGaming Market

    Entering the Latin American iGaming market requires careful planning and execution to ensure a smooth and successful expansion. Two critical aspects US gaming merchants must consider are navigating the LATAM payment ecosystem and adhering to regulations and compliance requirements.

    Opening Gaming Merchant Account

    Obtaining a proper gaming merchant account is crucial for US companies entering the LATAM iGaming market. A gaming merchant account allows businesses to process payments from players and ensures that transactions are handled securely and efficiently.

    It is essential to partner with a reputable payment service provider that has experience in the gaming industry and understands the unique challenges and requirements of the LATAM market.

    Accepting Multiple Currencies (USD and Local)

    To effectively serve players across different Latin American countries, it is important to partner with a payment processor that can handle multiple currencies, including USD and local currencies such as the Brazilian Real, Mexican Peso, and Argentine Peso.

    This ensures that players can deposit and withdraw funds in their preferred currency, reducing friction and improving the overall user experience.

    Choosing a Gateway

    Latin American players have diverse payment preferences, with many favoring local payment methods such as Boleto Bancário in Brazil, OXXO in Mexico, and Efecty in Colombia.

    To cater to these preferences and increase conversion rates, US gaming merchants should choose a payment gateway that supports a wide range of local payment options. This will make it easier for players to fund their accounts and engage with the gaming platform.

    Navigating Regulations and Compliance Requirements

    Each Latin American country has its own set of regulations and licensing requirements for iGaming operators. US gaming merchants must thoroughly research and understand the legal landscape of each market they plan to enter.

    This may involve obtaining licenses from local gaming authorities, complying with anti-money laundering (AML) and know-your-customer (KYC) regulations, and adhering to responsible gaming practices. Failure to comply with these regulations can result in significant fines, reputational damage, and business closure.

    To navigate the complex regulatory environment and ensure compliance, US gaming merchants should consider partnering with local experts and service providers. These partners can offer valuable insights into the specific requirements of each market, assist with licensing processes, and provide ongoing support to ensure that the gaming platform remains compliant with local laws and regulations.

    Additionally, local partners can help US companies adapt their offerings to the cultural nuances and preferences of Latin American players, increasing the chances of success in the market.

    Localizing Your iGaming Platform for LATAM Players

    To succeed in the Latin American iGaming market, US gaming merchants must prioritize localization. Adapting your platform to the linguistic, cultural, and technological preferences of LATAM players is essential for creating a compelling and engaging user experience.

    Obtaining a Local Domain

    Securing a local domain for each Latin American country you target is a critical step in establishing trust and credibility with players. A local domain, such as “.com.br” for Brazil or “.com.mx” for Mexico, signals to users that your platform is tailored to their specific market and adheres to local regulations.

    It also improves your site’s visibility in local search engine results, making it easier for players to find and access your platform.

    Displaying Games and Content in Spanish and Portuguese

    To effectively cater to the linguistic diversity of Latin America, you should offer your gaming content in both Spanish and Portuguese. Brazil, the largest market in the region, is predominantly Portuguese-speaking, while most other LATAM countries are Spanish-speaking.

    By providing content in both languages, you can ensure that your platform is accessible and engaging for players across the region. This includes translating game rules, instructions, and user interfaces, as well as offering customer support in both languages.

    Adapting Game Content and Themes to Local Preferences

    Localizing your iGaming platform goes beyond language; it also involves tailoring your game content and themes to the cultural preferences and interests of Latin American players.

    This may include offering games that feature popular local sports teams, celebrities, or cultural icons. For example, in Brazil, soccer-themed games are likely to resonate with players, given the country’s passion for the sport. Similarly, incorporating local holidays, festivals, and traditions into your game themes can help create a more immersive and engaging experience for LATAM players.

    Optimizing for Mobile Devices

    The majority of Latin American gamers are playing on mobile devices, so it should be a priority of yours to optimize your iGaming platform for smartphones and tablets.

    This involves designing a responsive, mobile-friendly user interface that is easy to navigate on smaller screens. Ensuring that your games load quickly and run smoothly on mobile devices is also essential, as LATAM players may have varying levels of internet connectivity.

    By prioritizing mobile optimization, you can tap into the vast and growing market of mobile gamers in Latin America and provide them with a seamless and enjoyable gaming experience.

    OPEN A LATAM GAMING MERCHANT ACCOUNT

  • Enter Brazil iGaming Industry with These Fraud Prevention Best Practices

    Enter Brazil iGaming Industry with These Fraud Prevention Best Practices

    Brazil stands out as a burgeoning market, ripe with opportunities in the igaming industry. Yet, this potential comes hand-in-hand with the challenge of fraud.

    For merchants eyeing the Brazilian igaming sector, we’re here to help you navigate the complex landscape of payments and fraud prevention. These solutions simplify the journey by managing local currency collections, facilitating global settlements, and integrating diverse payment methods essential for tapping into Brazil’s vibrant market.

    With a focus on robust fraud prevention strategies, empower your business to safely and effectively reach new heights in Brazil’s promising igaming industry.

    businessman standing in front of a broken brick wall with the brazilian flag on it
    Breaking boundaries.

    The Challenge of Doing Business in Brazil

    Brazil’s burgeoning igaming and sports betting market presents an enticing opportunity for merchants around the globe. However, the allure of this vibrant market is matched by the complexity of its regulatory environment.

    The Brazilian government has instituted stringent controls on financial transactions, particularly those crossing borders. This regulatory maze can be daunting for businesses unfamiliar with the local landscape, creating a figurative wall between potential profits and operational reality.

    The challenge doesn’t stop at gambling regulation. Getting funds out of Brazil poses another significant hurdle due to these stringent financial controls. It’s a task that requires navigating through a bureaucratic labyrinth, understanding intricate tax laws, and dealing with the slow pace of government processes. For merchants looking to tap into the Brazilian market, these challenges can seem insurmountable.

    Moreover, there’s a significant payment method diversity in Brazil. Relying solely on credit cards might seem like a straightforward strategy, but it overlooks a crucial fact: a large portion of the Brazilian population does not use credit cards. This preference for alternative payment methods can exclude up to 50% or more of potential buyers, limiting market penetration and affecting overall profitability.

    You can bridge this gap. We take on the complexities of dealing with local currency collections, navigating the regulatory framework, and ensuring that funds are successfully repatriated to merchants anywhere in the world. By offering an array of payment solutions that cater to the Brazilian market’s preferences, we ensure that merchants can focus on their core business, leaving the logistical challenges to us.

    credit card reader, cash, and cards on a brazilian flag
    Unexpected payment methods in Brazil.

    Understanding the Brazilian Payment Landscape

    Despite the growing digitalization of commerce worldwide, Brazil presents a distinct scenario where traditional payment methods still hold significant sway alongside digital transactions.

    Credit cards, while popular, are not the universal payment method one might expect. A substantial portion of the Brazilian population either does not have access to credit cards or prefers not to use them for online transactions. This preference is rooted in concerns over security, accessibility, and the desire for alternative payment methods that align with local habits and financial infrastructure.

    Moreover, the Brazilian market is known for its diversity in payment options, including boletos bancários (bank slips), which are widely used for bill payments and online purchases. E-wallets and bank transfers also play a significant role in the e-commerce landscape, offering faster, more secure, and often more convenient ways to transact than traditional credit card payments.

    For merchants entering this market, offering a broad spectrum of payment options is not just an advantage but a necessity. By integrating local payment methods into their platforms, online casinos can significantly increase their reach, cater to consumer preferences, and enhance the overall customer experience. This approach not only addresses the diverse payment culture but also mitigates the risk of alienating potential customers who may not use credit cards.

    Our solutions are designed to navigate this complex payment landscape effortlessly. By facilitating access to a wide range of local payment options, we enable merchants to connect with more bettors and players, ensuring that no sale is lost due to payment method limitations. This inclusive approach is key to unlocking the full potential of the Brazilian market, ensuring merchants can cater to every customer’s preference.

    Secure LATAM payment processing for your online casino now!

    thief holding briefcase and a sack of casino chips
    Fraud is always an issue.

    The State of Fraud in Brazil’s iGaming Industry

    The igaming industry in Brazil, while offering significant opportunities for growth and expansion, is not without its challenges. Among the most pressing issues is the pervasive threat of fraud, which has evolved to become a sophisticated obstacle for online gambling and sports betting platforms.

    As the industry grows, so too does the incentive for fraudsters to develop new and more complex methods to exploit vulnerabilities in the system.

    Brazil’s igaming industry faces several types of fraud, including but not limited to, bonus abuse, identity theft, and money laundering.

    Bonus abuse occurs when individuals exploit signup bonuses and other promotional offers, draining resources intended to attract genuine players.

    Identity theft involves fraudsters creating accounts using stolen or fake identities, leading to chargebacks, legal issues, and loss of revenue.

    Money laundering within the igaming ecosystem is another critical concern, with criminals using online platforms to legitimize their illicit funds.

    The regulatory landscape in Brazil is still adapting to the challenges posed by online gambling. The Brazilian government, along with regulatory bodies, is in the process of implementing measures to combat igaming fraud. However, the effectiveness of these measures depends heavily on the cooperation between regulators, operators, and payment service providers.

    The need for stringent KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures is more pronounced in this industry than ever before. These processes not only help in verifying the identity of users but also in monitoring suspicious activities that could indicate fraud.

    For merchants and operators in the Brazilian gambling industry, implementing robust fraud prevention measures that can adapt to the ever-changing tactics of fraudsters is not just beneficial—it’s essential for the sustainability and growth of their businesses. The focus must be on creating a secure environment for users that deters fraudulent activities while still providing a seamless and enjoyable user experience.

    bouncer preventing suspicious businessmen from entering a casino
    Get a good bouncer to protect your site from fraud.

    Best Practices for Fraud Prevention

    Here are several best practices that can significantly mitigate the risk of fraud:

    1. Implement Comprehensive KYC Procedures

    Conduct thorough Know Your Customer (KYC) checks to verify the identity of users. This includes collecting and validating personal information, which is crucial for preventing identity theft and ensuring compliance with regulatory requirements.

    2. Use Advanced Authentication Methods

    Incorporate multi-factor authentication (MFA), biometric identity verification, and facial recognition technology to enhance the security of user accounts. These methods add an additional layer of defense against unauthorized access and account takeover attempts.

    3. Employ Real-Time Monitoring and Analytics

    Utilize sophisticated monitoring tools to analyze user behavior and transaction patterns in real-time. This allows for the early detection of suspicious activities that could indicate fraud, such as unusual betting patterns or rapid changes in account activity.

    4. Collaborate with Payment Providers

    Work closely with payment service providers to leverage their expertise and technologies in fraud detection. They often have access to global fraud databases and can provide valuable insights into preventing payment fraud.

    5. Educate Your Users

    Inform your users about the risks of online fraud and provide them with tips on how to protect their accounts. Educating users on the importance of using strong passwords and recognizing phishing attempts can play a significant role in preventing fraud.

    6. Stay Updated on Regulatory Changes

    Keep abreast of the latest regulatory developments and compliance requirements in the Brazilian gaming industry. Adhering to legal guidelines not only helps in fraud prevention but also builds trust with users and regulatory authorities.

    7. Leverage AI and Machine Learning

    Invest in AI and machine learning technologies to identify and respond to fraud threats proactively. These systems can learn from past incidents and adapt to new fraud tactics, improving their effectiveness over time.

    businesswoman sitting at desk, smiling
    Always ready to help!

    How We Can Help

    Navigating the complexities of the Brazilian igaming market requires a partner who not only understands the intricacies of payment processing and fraud prevention but also has the expertise and infrastructure to support your business’s expansion. Our solutions are designed to address the unique challenges faced by merchants in this dynamic environment, ensuring a seamless and secure entry into the market.

    Tailored Payment Solutions

    We offer a comprehensive suite of payment processing solutions tailored to the Brazilian market. By facilitating access to a wide array of local payment methods, we help you connect with a broader audience, ensuring that no potential customer is turned away due to payment method limitations. Our platform simplifies currency conversion and settlement, allowing you to focus on growing your business while we handle the complexities of cross-border transactions.

    Advanced Fraud Prevention

    Our state-of-the-art fraud prevention systems are designed to protect your business and your customers. By implementing rigorous KYC checks, real-time transaction monitoring, and advanced authentication methods, we minimize the risk of fraudulent activities on your platform. Our team stays ahead of the latest fraud trends, adapting our strategies to provide you with the most secure payment processing environment possible.

    Regulatory Compliance

    Compliance with local regulations is crucial for success in the Brazilian igaming market. We provide guidance and support to ensure that your business meets all legal requirements, including AML and KYC regulations. By partnering with us, you can rest assured that your operations are fully compliant, mitigating the risk of legal complications and building trust with your customers.

    Dedicated Support

    Our team of experts is always ready to assist you with any questions or challenges you may encounter. Whether it’s navigating payment logistics, understanding regulatory changes, or addressing security concerns, we are here to provide the support you need to succeed in your new market.

    In partnering with us, you gain more than just a payment processing provider; you gain a dedicated ally committed to your business’s success in Brazil the greater Latin American region. Let us take care of the complexities, so you can focus on what you do best: growing your igaming platform.

    OPEN A LATAM IGAMING MERCHANT ACCCOUNT TODAY

  • Latin American Merchants, Boost US Sales In 30 Days With This Definitive Guide – Pt. 1

    Latin American Merchants, Boost US Sales In 30 Days With This Definitive Guide – Pt. 1

    Are you a Latin American merchants with a BIG need for processing? Having trouble getting sales from the US and Canada approved?

    Let’s face it – it can often be hard to find a good payment provider in places like in Mexico and Chile. It can also be expensive. If you operate a business in these markets, you know that Latin American payment processing is a complex issue. It is even more so for high-risk merchants in Central America, South America and even Caribbean countries.

    Firstly, diverse economies operate in this part of the world. Take a country like Chile for example. The GDP rivals that of North American countries. But, there are also LatAm countries like Columbia where the GDP is poor.

    Secondly, the region has a population of over 386 million people. It is on the verge of an e-commerce boom, despite currency and economic issues. This is in part due to the 73% internet penetration rate across LatAm. Smartphone adoption is increasing, and with it, the expansion of e-commerce. This also means that consumers want more convenient and secure online payment options.

    And that’s the purpose behind this blog article.

    We will look at the problems of Latin American merchants accepting e-commerce. We will also touch on how this affects the expansion of your business, and the solution to this problem.

     

    High-Risk merchant accounts are better for Latin American merchants

    You operate a high-risk business in LatAm and you want to increase revenues. You’re earning $75,000 per month. But you know it could be more. If only you could just improve payment acceptance, especially from North American consumers.

    Here’s the main reason why you should read this post. You’re facing challenges in securing credit card processing services. So, you can’t attract online payments, especially from foreign customers. You need a solution to this problem.

    If you haven’t considered expanding to the North American market yet, this is a good read to help you see why you should and how to make sure your customers can pay you easily and securely.

    Offering simple payment processing in Latin America is hard

    Latin American payment processing is difficult, especially for high-risk merchants. It is even more challenging selling from this region to foreign consumers in the US or Canada.
    Card payments are standard for buyers in Canada, the US, and Europe. For countries like Mexico, Guatemala, Belize, or Brazil, this isn’t the case. Debit and credit cards are not as widely used and many banks in the region don’t have the technology or speed to be able to accommodate high-risk payments especially if they are from regions outside of Latin America.

    Here are some reasons why.

    Access to and use of the financial sector

    As you’re probably aware a large percentage of the LatAm population do not use formal financial services. So, you face the issue of providing payment solutions for a large part of the population that does not use the formal banking system.

    Now, a few solutions were developed in LatAm for this reason. But they aren’t universally accepted across countries. Or work the same way. For example, Rappi is a popular on-demand delivery service that is popular in several LatAm countries. Unfortunately, Rappi in Columbia, Mexico, Brazil and Peru do not all accept the same payment methods.

     

    Technological challenges for Latin American merchants

    There have been plenty of advances in the financial sector. Yet, there are still some challenges. Some of these include outdated or clunking payment platforms. One example is Transbank in Chile which is described by many merchants as “clunky, slow, and incompatible with many cards.”

    Transbank is one of the many payment services across Latin America. But, most of the systems are incompatible across borders. So, like Rappi, what works in one Latin American country will not work the same in another, if it works at all.

     

    Acceptance of international payment methods

    Real-time payment processing is necessary if you want to expand your business. However, international credit card processing in most LatAm countries is a challenge. Most consumers don’t have an international credit card. Plus, when you operate in the LatAm market, it is easier to get credit card payments approved with domestic cards with local currency.
    The next issue is that most internationally recognized services aren’t available in Latin America. Or where they are available, you have to go through another processor or an aggregator to use them. This can cost you quite a bit in fees. In addition, your North American consumers might have difficulty in getting transactions approved if your bank is unable to accommodate USD or if the platform is too slow and times out transactions.

     

    A preference for cash

    Another problem is the preference for cash payment. This is tied to the low use of formal financial systems. This preference for cash payment has led to the growth of the voucher payment system. It is widely accepted and there are many local solutions to help customers pay using vouchers.
    But, while local customers prefer payment by vouchers, your international market will not.
    So, if you can’t accept international cards in Latin America, then that’s another obstacle to market expansion.

     

    High Processing Fees

    The local processors that may help you to accept international cards charge a lot. Their processing fees can even be up to 10% in some cases. This eats into your profit.

     

    Low Acceptance of High-Risk Latin American Merchants

    This is a universal problem and not at all unique to Latin America. Low-risk payment processors do not readily accept high-risk businesses. Plus, only a few acquirers will accept high-risk businesses due to concerns about risk.

    Now consider getting a processor that accepts high-risk businesses and international credit cards.

     

    It’s time to take your high-risk business to the next level!

    You want an offshore account in the US or Canada to grow your business and be able to successfully expand. If you’re tired of processing problems and need help with implementing solutions, contact us today.

     

    Handling local payment challenges

    Young adults are spearheading online payment processing in Latin America. They want convenience of online commerce. But security matters too. They also want certainty that the systems they are using to pay are secure.

    As an e-commerce store owner in Latin America, you’re already tapping into that market using your local payment solutions. This would include solutions like neobanks. They are some of the fastest growing options in the FinTech industry in Latin America.

    Plus, there have been growing investments in mobile credit card companies. These include Argentina’s Uala and Mexico’s Cuenca, and Albo. Brazil, one of the area’s largest economy, has Nubank, which has over 15 million users.

    Now, these are a positive step towards transforming financial services in Latin America. But if your target is North America, then these won’t help you to tap into the international market. Nor do they work for most online businesses.

     

    High-risk products and low-risk payment platforms do not mix

    There are multiple other local electronic payment and payment processing solutions. They are designed to be similar to those available to consumers in Latin America. Some of the popular ones include Brazil’s StoneCo and Pagseguro, and Mexican Clip (formerly PayClip). Again, they do not allow for international payment processing.

    Alternative payment processors like Stripe have now entered the LatAm market starting with Mexico. But it only processes local payments. It requires you to set up a business in the US to be able to access international payments. And while we do recommend that in some instances, it is better to set up a high-risk merchant account if you plan to go that route especially if you need your funds to stay within Latin America.

    These and other payment solutions do not readily support high-risk businesses. Like in North America, Square, PayPal and Stripe all support low-risk business categories. If you operate apparel, food and beverage businesses, it can make it simpler than if you are selling nutraceutical supplements or operate an adult website.
    But most Latin American payment processors do not have a large appetite for high-risk offers. Corporate ticket events or luxury goods are in this category. These high-ticket items can go as high as $10,000 per transaction. Therefore, if you offer mastermind conferences, you need high-risk merchant accounts instead. The same is true if you sell nootropics, diet or fitness subscriptions.

     

    Latin American merchants should consider the US and Canada

    Despite all the issues of accepting international payments, Latin American merchants should consider expanding to outward markets.

    • Better Delivery Systems: If you sell physical items – like supplements – then you know you need a reliable delivery system. This is one of the issues faced by local merchants. It is also why many consumers prefer cash on delivery. You have options for better delivery systems in North American markets.
    • More Acceptable Payment Options: The LatAm online banking and payment processing infrastructure is not as advanced as the US and Canada. This is rapidly changing as internet and smartphone penetration increases. But even so, it’s important to convince consumers of the security of your payment processing methods.
      As such, most merchants opt for services like Stripe and PayPal, which have a strong reputation worldwide. But, you run a high-risk business. These won’t last because they prefer to work with low-risk businesses.
    • Increased revenues: Most of all, with the expansion outwards, you have access to higher revenues. North America is a consumer market. Get in on the action.

     

    Best processing options for Latin American merchants

    Talk to any high-risk merchant based in Latin America and you will hear horror stories! One example is entrepreneurs who operate Forex sites. Another example is adult webcam or similar adult entertainment networks. Even better Paleo or Keto supplement sellers. They will reveal the challenges they faced getting a payment solution.
    But all is not lost.

    You can generate more foreign revenue for your online business, even if your headquarters are in Columbia or Argentina. The process isn’t easy. But it is well worth it in the end.

    Want to know what it is? Get an offshore merchant account. Offshore processing is a WIN for high-risk merchants in Latin America

    North American merchants entering the Latin American market must offer the preferred local payment options. These include accepting:

    • cash/voucher payments;
    • enabling bank transfers; and
    • processing domestic debit and credit cards.

    Latin American merchants wanting more US sales need a merchant account that can accommodate sales in those regions. Offshore processing will take time to set up. But, payments will run much more smoothly.

    You will need to offer the preferred payment methods for North Americans. This means an offshore payment option for Latin American merchants can help you overcome local banking hurdles.

     

    This is the end of part 1, but there’s more tips and advice ahead

    Our next post in this series will dive deep into why going offshore is the best solution and how you can do it.

    We have seen how doing this has worked wonders for our Latin American clients. They established offshore accounts and quickly increased their revenues as well as being able to sell in the US, Canada and several European markets. You can do the same. If you’re ready to expand beyond your borders, then we should talk.

    No one knows offshore merchant accounts better than DirectPayNet. We are experts at helping you grow with the right payment solution.

    Contact DirectPayNet to start increasing your US and European sales!