An Iranian customer cannot buy from a foreign store through his bank card. On the other hand, it is not possible to buy from an Iranian store through a foreign card, and the foreign currency payment gateway is the solution to this problem. In this article, we examine the benefits of using a currency payment gateway for businesses.

cryptocurrency payment gateway

Today, in the competitive e-commerce market, virtual stores and internet businesses in general are trying to provide a better user experience for their customers by connecting to various electronic devices, and secondly, they can take advantage of the potential in wider markets. . One of the tools that can provide a wider market and a better perspective for different businesses is the internet portal.

What is an online currency payment portal?

International payment portal or foreign currency online payment portal is actually a type of internet portal that can accept all international bank and credit cards. In fact, a store that is equipped with a currency payment gateway can accept customers from anywhere in the world.

In general, international banking networks such as Visa Card and Master Card are used all over the world for this purpose. If we want to compare these international banking networks with the domestic banking network, we must mention Shatab network. Unfortunately, now Iranian banks are not members of global banking networks due to sanctions, so it will not be possible to use Iranian bank cards internationally at the moment.

What is a currency account?

Having a foreign currency account is one of the requirements for receiving the international portal. Currency account or foreign currency account is a financial account of individuals in one of the banks whose funds are not included in non-currency accounts of individuals.

If you are applying to open a foreign currency account in any of the operating banks, you should visit the foreign exchange branches of the banks. You can open a long-term currency account for one year or a short-term currency account for 3, 6 and 9 months. Note that interest on the foreign currency account is often paid monthly. To receive this monthly interest, you must also open a short-term deposit account or foreign currency loan so that the deposit interest is deposited into that account.

Some important points about the international payment gateway

How long does it take?

The activation of the foreign payment portal, which can accept all international credit cards such as Visa card, MasterCard, etc., will take about one to two weeks after completing the application form, submitting the necessary documents and paying the account activation fee.

How expensive is it?

Receiving international payment services for various stores and businesses is free at the stage of opening an account on the relevant website and is not subject to any fees. But activating the service and account of the currency payment portal costs about 100 dollars.

Does it have an in-app payment?

Basically, the providers of the currency portal provide a simple and direct API to the recipient, enabling it to be used for all software and websites in various languages. so that the recipient can use it in any program and website to provide their services. But before activating it in the program or website, the address of the program must be entered in the website panel to be approved by the company providing payment services.

Who is the currency payment portal for?

The use of the payment gateway is not limited to different acceptors. If they go through the legal procedures and provide the required documents, all internet business owners have the possibility to use the services of the foreign exchange portal. But due to the fact that it is not possible to send postal items from the country to all countries, it is better to use the currency payment portal only for providing digital products, photography, graphics and programming and software services. With this definition, all programmers, webmasters, graphic artists, photographers and other people who can provide non-physical services to global markets, have the possibility to use the services of the international payment gateway.