Running a global business is likely to pose numerous challenges, which include the challenges related to discovering staff and sustaining customers. So, it is a possibly difficult task for an entrepreneur. Anyhow, the main issue that owners of international businesses encounter is with regards to discovering a cost-effective and efficient payment solution.
One nation has different taxes and currencies from another, plus each has other unique scenarios that can be considerable hindrances to payment. The traditional payment routes such as bank wire transactions, credit cards, and many different payment platforms charge extensive fees. The new platform, Due.com, streamlines the process as it charges smaller fees as compared to its rivals, and eases the possible headache related to international payment.
With John Rampton at the helm, Due.com is billed as a premier platform for entrepreneurs to make global payments. It considerably lowers transaction costs and ultimately raises a business’s bottom line. With their growing importance, social networking websites have brought attention to various goods and services across the globe. That is great as far as international entrepreneurs are concerned because it allows them to tap into broad possibilities and infinite earning potential at the time of doing business internationally.
Several companies outsource their IT support or tech support and software development work to nations abroad because it is a possibly good way of saving money. Why? Because it allows attaining skilled software professionals’ services for an affordable rate. This may be a great means of saving money, but paying for those professionals poses a burdensome challenge. An excellent option would be identifying a digital payment platform, which can deliver estimates and invoices in different languages and currencies, while including each of those nations’ tax code.
Any business’s owner must not only keep costs low but also avoid fees, two things that Due.com enables. Due.com’s Chief Executive Officer Rampton tells business owners to focus on the following components when seeking a payment service provider.
- Lack of cost per transaction
- No monthly or hidden fees
- A guarantee
- Special payment rates for customers who make high-volume transactions
Rampton’s platform includes the above-mentioned components in it; it charges 2.70% in cost for every form of card, and has no cost per transaction/monthly fees. The people behind the platform are sure that it is the best in the payment solution business, and that it will trump any relatively cheaper rate should a business’s owner discover it. So, it is fast becoming the payment solution of choice for global business owners, people having numerous clients and employees abroad.
As for Rampton, it is vital to discover a payment facilitator that offers business owners certainty about security when security violations are becoming increasingly problematic. If it is possible to hack a blockchain technology-based cryptocurrency exchange to steal much money, hackers could penetrate a payment platform’s security. Those kinds of risks would considerably go up if you deal with many different financial organizations, tax systems, languages, and regulations.
Platforms that facilitate digital payments recognize the impact of such threats, so they have implemented numerous measures to safeguard customers from their effects. With that move, they expect to retain customers and give them a sense of safety regarding payments. The Due.com CEO is an advocate of business owners seeking a digital payment platform with encryption that tokenizes each transaction’s data after it reaches the server concerned.
Money is still the foundation of any growing business, so it must reduce superfluous expenses and protect personal data. The event of that data being leaked is possibly the imminent failure of that business. Are you an international business owner seeking considerably lesser transaction costs, plus a sense of assurance that your personal information and data are protected? If yes, Due.com would be the ideal payment processing partner for you.