For all businesses that are aiming to attract customers from worldwide, the ability to handle transactions from different corners for the worlds is essential. Business process no longer work the way they used to, a couple of years back. As we move towards a paperless economy, businesses have to adapt and change their processes accordingly. One way to achieve this is by having a global account. What does a global account do? You may have an online business account Hong Kong, but you can send and receive payments in different currencies from different countries of the world.
How to get started with your global business?
The first thing you should do as a business that aims to go global is to open a global account. It is a simpleprocess.
You need to fill out the online application for your desired global account service. Generally, you can apply from any location that is convenient for you (as long as you have a good internet connection!)
Now you have a single account to take care of all your cross-border transactions. But this alone is not enough.
Next, you should connect your global account with well-known e-commerce sites (Amazon, Shopify are some options to consider). Connecting with payment gateways such as PayPal can also be beneficial.
What functionality should the global account provide?
Keep in mind that your account is not just to send and receive payments. The more features you have, the better.
For instance, some global account services provide a feature where businesses can perform invoice factoring and e-commerce financing.
Another desirable feature is an API to automate your account transactions. Every business aims to grow. Thus, scalability is yet another featured you should consider.
Do you need a business Visa card online?
So you have a single multi-currency account, connected with e-commerce sites, payment gateways and your customers. You have started sending and receiving payments on your account. But is that it?
How do you retrieve the money in your account?
Here, you should apply for a business Visa card online. Let us check out its benefits.
- The global merchant network is open to accepting Visa payments. Thus, with your card, you are well-equipped for all payments.
- With your card, you can spend the money from your global account in several countries.
- With the Visa card, you can contribute your part in moving towards paperless transactions. Also, a card is easier to use and more secure than cash payments.
Be it your global account or your Visa card, you should try to subscribe to a service that provides the maximum features for what you pay. You aim to ease global business operations as much as possible. So, choose a service that aligns with your aims.