How Do Payment Processors Form Policies In Each And Every Country?

[Good-Guy]

We all know the importance of payment gateways. Payment gateways are being used more and more nowadays because they are one of the best methods to pay and get paid. Unfortunately, not all the payment gateways are avialable in all the countries. For instance, PayPal is not available in many parts of Africa and Asia. I am quite sure that this is because setting up a payment gateway is not that easy as many people believe. This is because you must make sure that the countries where you operate would support your payments processor and you must make sure that your payment gateway company complies with all the laws in that particular state or country. How Do Payment Processors Form Policies In Each And Every Country so that they could be supported and be able to provide services in that particular country?

 

[btaliat]

They only need to meet with the government of such a country and show their intention of doing business with the country. Government will give out their own perceived rules and regulations and if they can abide by it, fine and if no. It may not work. Besides, those payment gateways as well have some conditions to be met by their users.

 

[Good-Guy]

They only need to meet with the government of such a country and show their intention of doing business with the country. Government will give out their own perceived rules and regulations and if they can abide by it, fine and if no. It may not work. Besides, those payment gateways as well have some conditions to be met by their users.

Well, the problem is that some payment processors are just too powerful. For example, PayPal is too powerful and it decides in what country it would conduct business. On the other hand, some not so popular payment processors such as Payeer, Perfect Money, etc cannot conduct business in United States and people of United States do not even care because Payeer and Perfect Money are not used by many money making sites.